A new trading day began on Monday, with Solaredge Technologies Inc (NASDAQ: SEDG) stock price up 8.38% from the previous day of trading, before settling in for the closing price of $16.11. SEDG’s price has ranged from $14.82 to $103.15 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 28.62% over the last five years. Meanwhile, its annual earnings per share averaged -257.61%. With a float of $56.62 million, this company’s outstanding shares have now reached $57.12 million.
The firm has a total of 5633 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Solaredge Technologies Inc is 1.19%, while institutional ownership is 101.42%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.55 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -257.61% per share during the next fiscal year.
Solaredge Technologies Inc (NASDAQ: SEDG) Trading Performance Indicators
Here are Solaredge Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.99, a number that is poised to hit -1.65 in the next quarter and is forecasted to reach -0.99 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Analysing the last 5-days average volume posted by the [Solaredge Technologies Inc, SEDG], we can find that recorded value of 5.73 million was better than the volume posted last year of 3.33 million. As of the previous 9 days, the stock’s Stochastic %D was 35.90%. Additionally, its Average True Range was 1.38.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 7.60%, which indicates a significant decrease from 53.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.51% in the past 14 days, which was lower than the 95.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.90, while its 200-day Moving Average is $44.74. Now, the first resistance to watch is $17.88. This is followed by the second major resistance level at $18.29. The third major resistance level sits at $19.10. If the price goes on to break the first support level at $16.66, it is likely to go to the next support level at $15.85. Now, if the price goes above the second support level, the third support stands at $15.44.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
With a market capitalization of 1.00 billion, the company has a total of 57,299K Shares Outstanding. Currently, annual sales are 2,977 M while annual income is 34,330 K. The company’s previous quarter sales were 265,410 K while its latest quarter income was -130,820 K.
