May 23, 2023, SolarEdge Technologies Inc. (NASDAQ: SEDG) trading session started at the price of $297.15, that was -3.32% drop from the session before. During the day, the shares moved up to $302.30 and dropped to $286.78 before settling in for the closing price of $298.87. A 52-week range for SEDG has been $190.15 – $375.90.
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Annual sales at Technology sector company grew by 38.60% over the past five years. When this article was written, the company’s average yearly earnings per share was at -46.00%. With a float of $55.33 million, this company’s outstanding shares have now reached $56.22 million.
Let’s look at the performance matrix of the company that is accounted for 4926 employees. In terms of profitability, gross margin is +27.18, operating margin of +9.31, and the pretax margin is +5.70.
SolarEdge Technologies Inc. (SEDG) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward SolarEdge Technologies Inc. stocks. The insider ownership of SolarEdge Technologies Inc. is 0.60%, while institutional ownership is 90.30%. The most recent insider transaction that took place on May 04, was worth 752,145. In this transaction Chief Product Officer of this company sold 2,500 shares at a rate of $300.86, taking the stock ownership to the 131,677 shares. Before that another transaction happened on Apr 03, when Company’s Chief Product Officer sold 2,500 for $307.81, making the entire transaction worth $769,522. This insider now owns 134,177 shares in total.
SolarEdge Technologies Inc. (SEDG) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 3/30/2023, it has been observed that the corporation posted $2.9 earnings per share (EPS) during the time that was better than consensus figure (set at $1.93) by $0.97. This company achieved a net margin of +3.02 while generating a return on equity of 5.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -46.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.70% during the next five years compared to -6.10% drop over the previous five years of trading.
SolarEdge Technologies Inc. (NASDAQ: SEDG) Trading Performance Indicators
You can see what SolarEdge Technologies Inc. (SEDG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.88. Likewise, its price to free cash flow for the trailing twelve months is 440.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.41, a number that is poised to hit 2.46 in the next quarter and is forecasted to reach 12.79 in one year’s time.
Technical Analysis of SolarEdge Technologies Inc. (SEDG)
SolarEdge Technologies Inc. (NASDAQ: SEDG) saw its 5-day average volume 0.79 million, a negative change from its year-to-date volume of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 27.69%. Additionally, its Average True Range was 13.41.
During the past 100 days, SolarEdge Technologies Inc.’s (SEDG) raw stochastic average was set at 36.49%, which indicates a significant increase from 27.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.80% in the past 14 days, which was lower than the 57.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $293.57, while its 200-day Moving Average is $288.25. Nevertheless, the first resistance level for the watch stands at $298.57 in the near term. At $308.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $314.09. If the price goes on to break the first support level at $283.05, it is likely to go to the next support level at $277.16. Assuming the price breaks the second support level, the third support level stands at $267.53.
SolarEdge Technologies Inc. (NASDAQ: SEDG) Key Stats
There are 56,345K outstanding shares of the company, which has a market capitalization of 16.60 billion. As of now, sales total 3,110 M while income totals 93,780 K. Its latest quarter income was 943,890 K while its last quarter net income were 138,380 K.
