While Solaredge Technologies Inc has underperformed by -0.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -77.78%, with highs and lows ranging from $339.50 to $63.25, whereas the simple moving average fell by -56.77% in the last 200 days.
On February 21, 2024, TD Cowen Reiterated Solaredge Technologies Inc (NASDAQ: SEDG) to Outperform. A report published by RBC Capital Mkts on February 14, 2024, Initiated its previous ‘Sector Perform’ rating for SEDG. Barclays also Downgraded SEDG shares as ‘Underweight’, setting a target price of $50 on the company’s shares in a report dated January 17, 2024. Canaccord Genuity Initiated an Hold rating on January 16, 2024, and assigned a price target of $80. Piper Sandler December 19, 2023d its ‘Overweight’ rating to ‘Neutral’ for SEDG, as published in its report on December 19, 2023. Goldman’s report from December 18, 2023 suggests a price prediction of $77 for SEDG shares, giving the stock a ‘Sell’ rating. Mizuho also rated the stock as ‘Buy’.
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Analysis of Solaredge Technologies Inc (SEDG)
Further, the quarter-over-quarter decrease in sales is -64.52%, showing a negative trend in the upcoming months.
Solaredge Technologies Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 1.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.08, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and SEDG is registering an average volume of 3.17M. On a monthly basis, the volatility of the stock is set at 6.19%, whereas on a weekly basis, it is put at 6.23%, with a loss of -21.14% over the past seven days. Furthermore, long-term investors anticipate a median target price of $80.92, showing growth from the present price of $67.08, 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?
A giant in the Solar market, Solaredge Technologies Inc (SEDG) is based in the Israel. 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 150.44, there is a growth in quarterly earnings of -903.72%.
Besides checking the fundamentals, you should also know 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 0.92%. 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 92.94% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SEDG shares are owned by institutional investors to the tune of 92.94% at present.
