SolarEdge Technologies Inc. (NASDAQ:SEDG) marked $306.25 per share on Wednesday, down from a previous closing price of $309.18. While SolarEdge Technologies Inc. has underperformed by -0.95%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -12.50%, with highs and lows ranging from $375.90 to $190.15, whereas the simple moving average jumped by 10.20% in the last 200 days.
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On November 15, 2022, Deutsche Bank started tracking SolarEdge Technologies Inc. (NASDAQ: SEDG) recommending Hold. A report published by Northland Capital on November 08, 2022, Upgraded its rating to ‘Market Perform’ for SEDG. Barclays also rated SEDG shares as ‘Equal Weight’, setting a target price of $389 on the company’s shares in an initiating report dated August 05, 2022. Truist initiated its ‘Buy’ rating for SEDG, as published in its report on May 02, 2022. Stephens’s report from April 14, 2022 suggests a price prediction of $490 for SEDG shares, giving the stock a ‘Overweight’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of SolarEdge Technologies Inc. (SEDG)
Further, the quarter-over-quarter increase in sales is 58.90%, showing a positive trend in the upcoming months.
In order to gain a clear picture of SolarEdge Technologies Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 6.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.13M can be a very valuable indicator of volatility for SEDG stock. On a monthly basis, the volatility of the stock is set at 5.61%, whereas on a weekly basis, it is put at 4.80%, with a gain of 5.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $331.40, showing growth from the present price of $306.25, which can serve as yet another indication of whether SEDG is worth investing in or should be passed over.
How Do You Analyze SolarEdge Technologies Inc. Shares?
The Israel based company SolarEdge Technologies Inc. (SEDG) is one of the biggest names in Solar. When comparing SolarEdge Technologies Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 150.34, there is a growth in quarterly earnings of -55.10%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SEDG shares?
The recent increase in stakes in SEDG appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in SEDG has decreased by -0.16% in the first quarter. The company now owns 2,999,587 shares of the stock, with a value of $689.99 million, following the sale of -4,685 additional shares during the last quarter. SSgA Funds Management, Inc. made another increased to its shares in SEDG during the first quarter, upping its stake by 2.34%. During the last quarter, the company picked up 47,081 additional shares for a total stake of worth $473.09 million, bringing number of shares owned by the company to 2,056,632.
During the first quarter, The Vanguard Group, Inc. added a 48,262 position in SEDG. BlackRock Advisors sold an additional 33963.0 shares in the last quarter, decreasing its holdings by -1.82%, now holding 1.83 million shares worth $421.33 million. At the end of the first quarter, Swedbank Robur Fonder AB increased its SEDG holdings by 8.29% and now holds 1.68 million SEDG shares valued at $386.24 million with the added 0.13 million shares during the period. SEDG shares are owned by institutional investors to the tune of 90.30% at present.