In last trading session, Solaredge Technologies Inc (NASDAQ:SEDG) saw 1.69 million shares changing hands with its beta currently measuring 1.46. Company’s recent per share price level of $16.83 trading at $0.15 or 0.87% at ring of the bell on the day assigns it a market valuation of $989.31M. That closing price of SEDG’s stock is at a discount of -337.31% from its 52-week high price of $73.60 and is indicating a premium of 39.16% from its 52-week low price of $10.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.41 million shares which gives us an average trading volume of 4.04 million if we extend that period to 3-months.
For Solaredge Technologies Inc (SEDG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.34. Splitting up the data highlights that, out of 25 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Upright in the green during last session for gaining 0.87%, in the last five days SEDG remained trading in the green while hitting it’s week-highest on Wednesday, 04/02/25 when the stock touched $16.83 price level, adding 1.41% to its value on the day. Solaredge Technologies Inc’s shares saw a change of 23.75% in year-to-date performance and have moved 4.53% in past 5-day. Solaredge Technologies Inc (NASDAQ:SEDG) showed a performance of 13.41% in past 30-days. Number of shares sold short was 21.25 million shares which calculate 3.95 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a fall of -12.2% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 28. It follows that stock’s current price would jump 46.52% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.52% for stock’s current value.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Insiders are in possession of 1.86% of company’s total shares while institution are holding 101.04 percent of that, with stock having share float percentage of 102.96%. Investors also watch the number of corporate investors in a company very closely, which is 101.04% institutions for Solaredge Technologies Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SEDG for having 7.92 million shares of worth $200.01 million. And as of 2024-06-30, it was holding 13.9677 of the company’s outstanding shares.
The second largest institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, which was holding about 3.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8891 of outstanding shares, having a total worth of $84.33 million.