On Tuesday, Solaredge Technologies Inc (NASDAQ: SEDG) was -10.53% drop from the session before settling in for the closing price of $13.68. A 52-week range for SEDG has been $12.38 – $103.15.
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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. When this article was written, the company’s average yearly earnings per share was at -492.72%. With a float of $57.26 million, this company’s outstanding shares have now reached $57.95 million.
In an organization with 5633 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -75.17%, operating margin of -156.78%, and the pretax margin is -154.97%.
Solaredge Technologies Inc (SEDG) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Solaredge Technologies Inc stocks. The insider ownership of Solaredge Technologies Inc is 1.19%, while institutional ownership is 101.38%. 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.
Solaredge Technologies Inc (SEDG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -492.72% per share during the next fiscal year.
Solaredge Technologies Inc (NASDAQ: SEDG) Trading Performance Indicators
You can see what Solaredge Technologies Inc (SEDG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -29.05, a number that is poised to hit -1.47 in the next quarter and is forecasted to reach -2.37 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 10.83 million. That was better than the volume of 3.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.70%. Additionally, its Average True Range was 1.59.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 0.60%, which indicates a significant decrease from 1.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.93% in the past 14 days, which was higher than the 104.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.71, while its 200-day Moving Average is $41.72. However, in the short run, Solaredge Technologies Inc’s stock first resistance to watch stands at $13.03. Second resistance stands at $13.81. The third major resistance level sits at $14.27. If the price goes on to break the first support level at $11.78, it is likely to go to the next support level at $11.32. Assuming the price breaks the second support level, the third support level stands at $10.54.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
There are 57,950K outstanding shares of the company, which has a market capitalization of 709.31 million. As of now, sales total 2,977 M while income totals 34,330 K. Its latest quarter income was 260,900 K while its last quarter net income were -1,205 M.
