While Solaredge Technologies Inc has overperformed by 2.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -77.50%, with highs and lows ranging from $322.19 to $60.44, whereas the simple moving average fell by -45.71% in the last 200 days.
On March 22, 2024, Janney Downgraded Solaredge Technologies Inc (NASDAQ: SEDG) to Neutral. A report published by TD Cowen on February 21, 2024, Reiterated its previous ‘Outperform’ rating for SEDG. RBC Capital Mkts also rated SEDG shares as ‘Sector Perform’, setting a target price of $85 on the company’s shares in an initiating report dated February 14, 2024. Barclays January 17, 2024d the rating to Underweight on January 17, 2024, and set its price target from $74 to $50. Canaccord Genuity initiated its ‘Hold’ rating for SEDG, as published in its report on January 16, 2024. Piper Sandler’s report from December 19, 2023 suggests a price prediction of $105 for SEDG shares, giving the stock a ‘Neutral’ rating. Goldman also rated the stock as ‘Sell’.
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.
To gain a thorough understanding of Solaredge Technologies Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SEDG is recording an average volume of 2.54M. On a monthly basis, the volatility of the stock is set at 5.27%, whereas on a weekly basis, it is put at 5.71%, with a gain of 7.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $79.67, showing growth from the present price of $68.39, 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 leading company in the Solar sector, 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 154.41, there is a growth in quarterly earnings of -904.57%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 92.67% 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 92.67% at present.
