On Friday, Solaredge Technologies Inc (NASDAQ: SEDG) opened lower -0.67% from the last session, before settling in for the closing price of $49.32. Price fluctuations for SEDG have ranged from $46.86 to $303.31 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 28.62%. Company’s average yearly earnings per share was noted -194.71% at the time writing. With a float of $56.82 million, this company’s outstanding shares have now reached $57.12 million.
The extent of productivity of a business whose workforce counts for 5633 workers is very important to gauge.
Solaredge Technologies Inc (SEDG) Insider and Institutional Ownership
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 0.83%, while institutional ownership is 93.78%. The most recent insider transaction that took place on Feb 29 ’24, was worth 474,250. In this transaction Director of this company bought 7,000 shares at a rate of $67.75, taking the stock ownership to the 77,446 shares. Before that another transaction happened on Nov 09 ’23, when Company’s Director bought 15,300 for $70.96, making the entire transaction worth $1,085,632. This insider now owns 70,446 shares in total.
Solaredge Technologies Inc (SEDG) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -194.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.83% during the next five years compared to -25.90% 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 2.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.66, a number that is poised to hit -1.47 in the next quarter and is forecasted to reach 2.79 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
The latest stats from [Solaredge Technologies Inc, SEDG] show that its last 5-days average volume of 1.95 million was inferior to 2.38 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 31.20%. Additionally, its Average True Range was 3.24.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 5.18%, which indicates a significant decrease from 22.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.72% in the past 14 days, which was higher than the 68.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.74, while its 200-day Moving Average is $87.36. Now, the first resistance to watch is $50.97. This is followed by the second major resistance level at $52.95. The third major resistance level sits at $54.40. If the price goes on to break the first support level at $47.54, it is likely to go to the next support level at $46.09. The third support level lies at $44.11 if the price breaches the second support level.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
There are currently 57,299K shares outstanding in the company with a market cap of 2.81 billion. Presently, the company’s annual sales total 2,977 M according to its annual income of 34,330 K. Last quarter, the company’s sales amounted to 204,400 K and its income totaled -157,310 K.
