On Monday, Solaredge Technologies Inc (NASDAQ: SEDG) opened lower -1.73% from the last session, before settling in for the closing price of $17.31. Price fluctuations for SEDG have ranged from $16.91 to $120.74 over the past 52 weeks.
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Annual sales at Technology sector company grew by 28.62% over the past five years. Company’s average yearly earnings per share was noted -256.81% at the time writing. With a float of $56.62 million, this company’s outstanding shares have now reached $57.12 million.
Let’s look at the performance matrix of the company that is accounted for 5633 employees. In terms of profitability, gross margin is 3.86%, operating margin of -37.89%, and the pretax margin is -37.3%.
Solaredge Technologies Inc (SEDG) Insider Updates
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 1.19%, while institutional ownership is 100.87%. 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 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -256.81% per share during the next fiscal year.
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 2.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.99, a number that is poised to hit -1.64 in the next quarter and is forecasted to reach -0.92 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Solaredge Technologies Inc (NASDAQ: SEDG) saw its 5-day average volume 3.7 million, a positive change from its year-to-date volume of 3.27 million. As of the previous 9 days, the stock’s Stochastic %D was 18.69%. Additionally, its Average True Range was 1.41.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 1.60%, which indicates a significant decrease from 9.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.62% in the past 14 days, which was lower than the 91.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.58, while its 200-day Moving Average is $46.30. Nevertheless, the first resistance level for the watch stands at $17.32 in the near term. At $17.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.06. If the price goes on to break the first support level at $16.58, it is likely to go to the next support level at $16.14. Assuming the price breaks the second support level, the third support level stands at $15.84.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
There are currently 57,299K shares outstanding in the company with a market cap of 974.67 million. 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 265,410 K and its income totaled -130,820 K.
