While Solaredge Technologies Inc has underperformed by -2.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -82.87%, with highs and lows ranging from $321.61 to $55.37, whereas the simple moving average fell by -51.91% in the last 200 days.
On April 17, 2024, DZ Bank started tracking Solaredge Technologies Inc (NASDAQ: SEDG) recommending Hold. A report published by Janney on March 22, 2024, Downgraded its rating to ‘Neutral’ for SEDG. TD Cowen also reiterated SEDG shares as ‘Outperform’, quoting a target price of $100 on the company’s shares in a report dated February 21, 2024. RBC Capital Mkts Initiated an Sector Perform rating on February 14, 2024, and assigned a price target of $85. Barclays January 17, 2024d its ‘Equal Weight’ rating to ‘Underweight’ for SEDG, as published in its report on January 17, 2024. Canaccord Genuity’s report from January 16, 2024 suggests a price prediction of $80 for SEDG shares, giving the stock a ‘Hold’ rating. Piper Sandler also rated the stock as ‘Neutral’.
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.
One of the most important indicators of Solaredge Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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 also provide valuable insight into volatility, and SEDG is recording 2.31M average volume. On a monthly basis, the volatility of the stock is set at 5.48%, whereas on a weekly basis, it is put at 4.71%, with a loss of -9.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $76.20, showing growth from the present price of $54.51, 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 Solar market is dominated by Solaredge Technologies Inc (SEDG) 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 123.08, there is a growth in quarterly earnings of -904.57%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 91.69% 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 91.69% at present.
