SolarEdge Technologies Inc. (NASDAQ:SEDG) saw an upside of 7.80% to close Tuesday at $298.41 after adding $21.59 on the day. The 5-day average trading volume is 751,520 shares of the company’s common stock. It has gained $301.74 in the past week. An average of 624,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 604,264.
SEDG’s 1-month performance is 8.97% or $29.87 on its low of $252.70 reached on 10/06/21. The company’s shares have touched a 52-week low of $190.10 and high of $377.00, with the stock’s rally to the 52-week high happening on 01/08/21. YTD, SEDG has lost -6.49% or -$20.71. However, the current price is down -20.85%% from the 52-week high price.
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On Oct 01, 12 days have gone by since the last insider trading activity for SolarEdge Technologies Inc. (SEDG). Adest Meir (VP, Core Technologies) most recently sold 10,000 shares at $269.98 per share on Oct 01. This transaction cost the insider $2,699,800. VP, Core Technologies, Adest Meir, sold 10,000 shares at a price of $276.85 on Sep 09. Then, on Sep 01, Director GANI MARCEL sold 1,000 shares at a price of $291.78 per share. This transaction amounted to $291,780.
The company’s PE ratio for the last five years has touched a high of 137.07 and a low of 6.960. SEDG stock has a beta of 0.91. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.93 while the price-to-book (PB) in the most recent quarter is 13.19.
SolarEdge Technologies Inc.’s quick ratio for the period ended June 29 was 2.90, with the current ratio over the same period at 3.70 meaning that SEDG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.55. In terms of profitability, the gross margin trailing 12 months is 32.50%. The trailing 12-month EBITDA margin is 11.72% while for the period ending June 29; SolarEdge Technologies Inc.’s operating margin was 9.10%. The firm’s gross profit as reported stood at $142.56 million against revenue of $1.46 billion.
For the quarterly period ending June 29 this year, SolarEdge Technologies Inc.’s cash and short-term investments amounted to $159.25 million against total debt of $676.9 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SEDG to announce $1.12 per share in earnings in its latest quarter, but it posted $1.28, representing a 14.30% surprise. EBITDA for the quarter stood at more than $68.15 million. SEDG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.39 billion, with total debt at $676.9 million. Shareholders hold equity totaling $52.27 million
Let’s look briefly at SolarEdge Technologies Inc. (SEDG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 69.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.10%.
The stock’s 5-day moving average is $272.23, reflecting a +15.35% or $39.71 change from its current price. SEDG is currently trading +9.50% above its 20-day SMA, +19.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +15.79% and -7.92% respectively.
Stochastic %K and %D was 62.52% and 43.52% and the average true range (ATR) pointed at 14.04. The RSI (14) points at 62.91%, while the 14-day stochastic is at 93.21% with the period’s ATR at 13.09. The stock’s 9-day MACD Oscillator is pointing at 10.98 and 8.52 on the 14-day charts.
In the most recent analyst report for SolarEdge Technologies Inc. (NASDAQ: SEDG), BMO Capital Markets launched coverage with an Outperform rating. Analysts offering their rating for SEDG stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate SEDG as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is SEDG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $210.00 and a high of $373.00, with their median price target at $340.00. Looking at these predictions, the average price target given by analysts is for SolarEdge Technologies Inc. (SEDG) stock is $328.48.