Solaredge Technologies Inc (NASDAQ: SEDG) on Friday, plunged -7.30% from the previous trading day, before settling in for the closing price of $22.87. Within the past 52 weeks, SEDG’s price has moved between $19.81 and $186.79.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 28.62%. The company achieved an average annual earnings per share of -245.97%. With a float of $56.78 million, this company’s outstanding shares have now reached $57.12 million.
Considering the fact that the conglomerate employs 5633 people, you should pay attention to its efficiency factor.
Solaredge Technologies Inc (SEDG) Breakdown of a Key Holders of the stock
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Solaredge Technologies Inc is 0.90%, while institutional ownership is 94.33%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -245.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.78% 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
Solaredge Technologies Inc (SEDG) is currently performing well based on its current performance indicators. A quick ratio of 2.45 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.99, a number that is poised to hit -1.41 in the next quarter and is forecasted to reach 0.40 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Compared to the last year’s volume of 3.21 million, its volume of 5.14 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.93%. Additionally, its Average True Range was 2.46.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 2.59%, which indicates a significant decrease from 13.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.46% in the past 14 days, which was lower than the 81.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.01, while its 200-day Moving Average is $61.50. Nevertheless, the first resistance level for the watch stands at $22.63 in the near term. At $24.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.11. If the price goes on to break the first support level at $20.15, it is likely to go to the next support level at $19.09. Now, if the price goes above the second support level, the third support stands at $17.67.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
Market capitalization of the company is 1.21 billion based on 57,299K outstanding shares. Right now, sales total 2,977 M and income totals 34,330 K. The company made 204,400 K in profit during its latest quarter, and -157,310 K in sales during its previous quarter.
