On November 20, 2023, Solaredge Technologies Inc (NASDAQ: SEDG) opened at $79.03, higher 2.61% from the last session. During the day, the shares moved up to $82.90 and dropped to $76.72 before settling in for the closing price of $78.99. Price fluctuations for SEDG have ranged from $63.25 to $345.80 over the past 52 weeks.
During the last 5-year period, the sales growth of Technology Sector giant was 40.36%. Company’s average yearly earnings per share was noted -21.85% at the time writing. With a float of $56.34 million, this company’s outstanding shares have now reached $56.81 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Solaredge Technologies Inc is 0.82%, while institutional ownership is 91.34%. The most recent insider transaction that took place on Nov 09, was worth 1,085,632. In this transaction Director of this company bought 15,300 shares at a rate of $70.96, taking the stock ownership to the 70,446 shares. Before that another transaction happened on Nov 09, when Company’s Director bought 5,000 for $73.49, making the entire transaction worth $367,450. This insider now owns 29,049 shares in total.
Solaredge Technologies Inc (SEDG) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.55 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.89) by -$1.44. 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 -0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -21.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.94% during the next five years compared to -2.72% drop over the previous five years of trading.
Solaredge Technologies Inc (NASDAQ: SEDG) Trading Performance Indicators
Check out the current performance indicators for Solaredge Technologies Inc (SEDG). In the past quarter, the stock posted a quick ratio of 2.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.65, a number that is poised to hit -0.76 in the next quarter and is forecasted to reach 2.05 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Looking closely at Solaredge Technologies Inc (NASDAQ: SEDG), its last 5-days average volume was 3.41 million, which is a jump from its year-to-date volume of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 62.59%. Additionally, its Average True Range was 6.00.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 7.89%, which indicates a significant decrease from 81.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.96% in the past 14 days, which was lower than the 74.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $106.28, while its 200-day Moving Average is $225.98. However, in the short run, Solaredge Technologies Inc’s stock first resistance to watch stands at $83.73. Second resistance stands at $86.40. The third major resistance level sits at $89.91. If the price goes on to break the first support level at $77.55, it is likely to go to the next support level at $74.04. Now, if the price goes above the second support level, the third support stands at $71.37.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
There are currently 56,811K shares outstanding in the company with a market cap of 4.60 billion. Presently, the company’s annual sales total 3,110 M according to its annual income of 93,780 K. Last quarter, the company’s sales amounted to 725,310 K and its income totaled -61,180 K.