On Monday, Solaredge Technologies Inc (NASDAQ: SEDG) opened higher 3.45% from the last session, before settling in for the closing price of $17.69. Price fluctuations for SEDG have ranged from $14.82 to $103.15 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 28.62% annually for the last half of the decade. Company’s average yearly earnings per share was noted -257.61% at the time writing. With a float of $56.62 million, this company’s outstanding shares have now reached $57.12 million.
In an organization with 5633 employees, it is important to assess its efficiency. 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 101.50%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.55 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.89) by -1.44. 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
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 0.72.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.33 million. That was better than the volume of 3.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.04%. Additionally, its Average True Range was 1.30.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 11.47%, which indicates a significant decrease from 80.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.77% in the past 14 days, which was lower than the 96.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.93, while its 200-day Moving Average is $43.40. However, in the short run, Solaredge Technologies Inc’s stock first resistance to watch stands at $18.98. Second resistance stands at $19.67. The third major resistance level sits at $20.19. If the price goes on to break the first support level at $17.77, it is likely to go to the next support level at $17.25. Assuming the price breaks the second support level, the third support level stands at $16.56.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
There are currently 57,299K shares outstanding in the company with a market cap of 1.09 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 265,410 K and its income totaled -130,820 K.
