Stocks of Solaredge Technologies Inc (NASDAQ:SEDG) traded higher last session on Wall Street, down -8.66% to $11.92.
SEDG stock price is now -23.42% away from the 50-day moving average and -33.64% away from the 200-day moving average. The market capitalization of the company currently stands at $703.79M.
With the price target maintained at $10, Morgan Stanley recently Downgraded its rating from Equal-Weight to Underweight for Solaredge Technologies Inc (NASDAQ: SEDG). On April 24, 2025, Guggenheim Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $5, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, AVERY MORE, Chairman of the Board bought 30,000 shares of the company’s stock on Mar 04 ’25. The stock was bought for $411,000 at an average price of $13.70. Upon completion of the transaction, the Chairman of the Board now directly owns 274,478 shares in the company, valued at $3.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Director GANI MARCEL bought 20,000 shares of the business’s stock. A total of $228,648 was incurred on buying the stock at an average price of $11.43. This leaves the insider owning 53,035 shares of the company worth $0.63 million. A total of 2.42% of the company’s stock is owned by insiders.
During the past 12 months, Solaredge Technologies Inc has had a low of $10.24 and a high of $64.04. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 1.95, and a quick ratio of 1.33. The fifty day moving average price for SEDG is $15.6108 and a two-hundred day moving average price translates $18.0285 for the stock.
The latest earnings results from Solaredge Technologies Inc (NASDAQ: SEDG) was released for 2024-12-31. The net profit margin was -192.13% and return on equity was -116.01% for SEDG. The company reported revenue of $170.75 million for the quarter, compared to $316.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.97 percent.
