Solaredge Technologies Inc (NASDAQ: SEDG) on Monday, plunged -3.75% from the previous trading day, before settling in for the closing price of $14.68. Within the past 52 weeks, SEDG’s price has moved between $10.24 and $87.98.
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During the last 5-year period, the sales growth of Technology Sector giant was 22.75%. The company achieved an average annual earnings per share of -580.55%. With a float of $56.59 million, this company’s outstanding shares have now reached $57.18 million.
Let’s determine the extent of company efficiency that accounts for 5633 employees. 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
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Solaredge Technologies Inc is 2.34%, while institutional ownership is 101.90%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -580.55% per share during the next fiscal year.
Solaredge Technologies Inc (NASDAQ: SEDG) Trading Performance Indicators
Solaredge Technologies Inc (SEDG) is currently performing well based on its current performance indicators. A quick ratio of 1.46 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -29.05, a number that is poised to hit -1.54 in the next quarter and is forecasted to reach -2.84 in one year’s time.
Technical Analysis of Solaredge Technologies Inc (SEDG)
Looking closely at Solaredge Technologies Inc (NASDAQ: SEDG), its last 5-days average volume was 4.17 million, which is a drop from its year-to-date volume of 4.54 million. As of the previous 9 days, the stock’s Stochastic %D was 53.52%. Additionally, its Average True Range was 1.37.
During the past 100 days, Solaredge Technologies Inc’s (SEDG) raw stochastic average was set at 28.29%, which indicates a significant increase from 25.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.72% in the past 14 days, which was lower than the 107.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.76, while its 200-day Moving Average is $27.85. However, in the short run, Solaredge Technologies Inc’s stock first resistance to watch stands at $14.81. Second resistance stands at $15.50. The third major resistance level sits at $15.97. If the price goes on to break the first support level at $13.65, it is likely to go to the next support level at $13.18. Should the price break the second support level, the third support level stands at $12.49.
Solaredge Technologies Inc (NASDAQ: SEDG) Key Stats
Market capitalization of the company is 818.84 million based on 57,950K outstanding shares. Right now, sales total 2,977 M and income totals 34,330 K. The company made 260,900 K in profit during its latest quarter, and -1,205 M in sales during its previous quarter.
