In the latest trading session, 0.48 million Solaredge Technologies Inc (NASDAQ:SEDG) shares changed hands as the company’s beta touched 1.40. With the company’s most recent per share price at $14.18 changed hands at -$0.53 or -3.60% at last look, the market valuation stands at $833.54M. SEDG’s current price is a discount, trading about -408.6% off its 52-week high of $72.12. The share price had its 52-week low at $10.24, which suggests the last value was 27.79% up since then. When we look at Solaredge Technologies Inc’s average trading volume, we note the 10-day average is 2.49 million shares, with the 3-month average coming to 3.96 million.
Analysts gave the Solaredge Technologies Inc (SEDG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.38. If we narrow down to specifics, the data shows that 1 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 12 recommended SEDG as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Solaredge Technologies Inc’s EPS for the current quarter is expected to be -1.16.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Instantly SEDG was in red as seen in intraday trades today. With action -12.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.26%, with the 5-day performance at -12.36% in the red. However, in the 30-day time frame, Solaredge Technologies Inc (NASDAQ:SEDG) is -15.85% down. Looking at the short shares, we see there were 21.25 million shares sold at short interest cover period of 3.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 5.47% from its recent market value. According to analyst projections, SEDG’s forecast low is 9 with 28 as the target high. To hit the forecast high, the stock’s price needs a -97.46% plunge from its current level, while the stock would need to tank 36.53% for it to hit the projected low.
Solaredge Technologies Inc (SEDG) estimates and forecasts
Year-over-year growth is forecast to reach 22.23% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 205.55M. 23 analysts are of the opinion that Solaredge Technologies Inc’s revenue for the current quarter will be 252M. The company’s revenue for the corresponding quarters a year ago was 204.4M and 265.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.56%. The estimates for the next quarter sales put growth at -5.05%.
The 2025 estimates are for Solaredge Technologies Inc earnings to increase by 87.84%.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.86% of Solaredge Technologies Inc shares while 101.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.95%. There are 101.04% institutions holding the Solaredge Technologies Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 13.9677% of the shares, roughly 7.92 million SEDG shares worth $200.01 million.
GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC holds the second largest percentage of outstanding shares, with 5.8891% or 3.34 million shares worth $84.33 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and GMO TRUST-GMO Resources Fund. With 3.69 shares estimated at $53.67 million under it, the former controlled 6.28% of total outstanding shares. On the other hand, GMO TRUST-GMO Resources Fund held about 2.66% of the shares, roughly 1.57 shares worth around $22.76 million.
