In Friday’s Wall Street session, Solaredge Technologies Inc (NASDAQ:SEDG) shares traded at $19.84, up 8.47% from the previous session.
SEDG stock price is now 33.65% away from the 50-day moving average and 15.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
With the price target maintained at $12.50, Northland Capital recently Upgraded its rating from Under Perform to Market Perform for Solaredge Technologies Inc (NASDAQ: SEDG). On April 23, 2025, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $10, while ‘Guggenheim’ rates the stock as ‘Sell’
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 $5.45 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 $1.05 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 $56.52. As of last week, the company has a debt-to-equity ratio of 1.28, a current ratio of 2.04, and a quick ratio of 1.39.
The net profit margin was -182.81% and return on equity was -121.50% for SEDG. The company reported revenue of $219.48 million for the quarter, compared to $204.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.38 percent.
