Solaredge Technologies Inc (NASDAQ:SEDG) shares traded 16.60% higher at $96.32 on Wall Street last session.
SEDG stock price is now 8.68% away from the 50-day moving average and -53.58% away from the 200-day moving average. The market capitalization of the company currently stands at $5.47B.
With the price target of $108, Mizuho recently initiated with Buy rating for Solaredge Technologies Inc (NASDAQ: SEDG).
In other news, AVERY MORE, Director bought 15,300 shares of the company’s stock on Nov 09. The stock was bought for $1,085,632 at an average price of $70.96. Upon completion of the transaction, the Director now directly owns 70,446 shares in the company, valued at $6.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Director GANI MARCEL bought 5,000 shares of the business’s stock. A total of $367,450 was incurred on buying the stock at an average price of $73.49. This leaves the insider owning 29,049 shares of the company worth $2.8 million. Insiders disposed of 15,470 shares of company stock worth roughly $1.49 million over the past 1 year. A total of 0.82% of the company’s stock is owned by insiders.
During the past 12 months, Solaredge Technologies Inc has had a low of $63.25 and a high of $345.80. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 3.84, and a quick ratio of 2.49. According to the stock market information, the enterprise value for the company is $5.18B, which is based on a 26.38 price-to-earnings ratio, a 2.04 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for SEDG is $88.63 and a two-hundred day moving average price translates $207.50 for the stock.
The latest earnings results from Solaredge Technologies Inc (NASDAQ: SEDG) was released for Sep, 2023. According to the Solar Company, earnings per share came in at -$0.55, missing analysts’ expectations of $0.89 by -1.44. This compares to $0.43 EPS in the same period last year. The net profit margin was 6.13% and return on equity was 9.58% for SEDG. The company reported revenue of $725.3 million for the quarter, compared to $836.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.32 percent. For the current quarter, analysts expect SEDG to generate $331.29M in revenue.
Solaredge Technologies Inc(SEDG) Company Profile
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates in Solar and All Other segments. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, and lithium-ion cells and batteries, as well as virtual power plants. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel.
