A new trading day began on Monday, with Solaredge Technologies Inc (NASDAQ: SEDG) stock price up 0.57% from the previous day of trading, before settling in for the closing price of $15.80. SEDG’s price has ranged from $10.24 to $103.15 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 28.62%. Meanwhile, its annual earnings per share averaged -538.36%. With a float of $57.09 million, this company’s outstanding shares have now reached $57.18 million.
Considering the fact that the conglomerate employs 5633 people, you should pay attention to its efficiency factor. 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 Activity
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 1.49%, while institutional ownership is 101.08%. The most recent insider transaction that took place on Nov 13 ’24, was worth 228,648. In this transaction Director of this company bought 20,000 shares at a rate of $11.43, taking the stock ownership to the 53,035 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Chairman of the Board bought 156,000 for $13.65, making the entire transaction worth $2,129,400. This insider now owns 244,478 shares in total.
Solaredge Technologies Inc (SEDG) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.92 per share, which was $0.1 higher 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 -1.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -538.36% 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 1.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -29.05, a number that is poised to hit -1.48 in the next quarter and is forecasted to reach -2.60 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Compared to the last year’s volume of 3.64 million, its volume of 5.55 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 90.49%. Additionally, its Average True Range was 1.53.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 25.83%, which indicates a significant decrease from 96.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 130.85% in the past 14 days, which was higher than the 106.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.75, while its 200-day Moving Average is $37.72. Nevertheless, the first resistance level for the watch stands at $16.40 in the near term. At $16.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.70. If the price goes on to break the first support level at $15.10, it is likely to go to the next support level at $14.30. Should the price break the second support level, the third support level stands at $13.80.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
With a market capitalization of 920.83 million, the company has a total of 57,950K Shares Outstanding. Currently, annual sales are 2,977 M while annual income is 34,330 K. The company’s previous quarter sales were 260,900 K while its latest quarter income was -1,205 M.
