Solaredge Technologies Inc (NASDAQ:SEDG) shares traded -3.96% lower at $72.79 on Wall Street last session.
In accordance with the data, 36 analysts cover Solaredge Technologies Inc (NASDAQ:SEDG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $384.00 and a low of $48.00, we find $106.98. Given the previous closing price of $75.79, this indicates a potential upside of 41.15 percent. SEDG stock price is now -43.22% away from the 50-day moving average and -69.82% away from the 200-day moving average. The market capitalization of the company currently stands at $4.12B.
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It has been rated a hold by 17 analysts and a buy by 15. Brokers who have rated the stock have averaged $137.78 as their price target over the next twelve months.
With the price target reduced from $120 to $70, Truist Downgraded its rating from Buy to Hold for Solaredge Technologies Inc (NASDAQ: SEDG).
In other news, Faier Ronen, Chief Financial Officer bought 875 shares of the company’s stock on Aug 09. The stock was bought for $157,588 at an average price of $180.10. Upon completion of the transaction, the Chief Financial Officer now directly owns 73,414 shares in the company, valued at $5.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, VP, Core Technologies Adest Meir sold 300 shares of the business’s stock. A total of $90,650 was realized by selling the stock at an average price of $302.17. This leaves the insider owning 126,624 shares of the company worth $9.22 million. Insiders disposed of 35,156 shares of company stock worth roughly $2.56 million over the past 1 year. A total of 0.79% of the company’s stock is owned by insiders.
Solaredge Technologies Inc (NASDAQ: SEDG) opened at $63.90 on Thursday. During the past 12 months, Solaredge Technologies Inc has had a low of $72.37 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 3.85, and a quick ratio of 2.50. According to the stock market information, the enterprise value for the company is $3.80B, which is based on a 19.94 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.57. The fifty day moving average price for SEDG is $126.32 and a two-hundred day moving average price translates $239.98 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 $2.62, beating analysts’ expectations of $2.52 by 0.1. This compares to $0.26 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 $991.29 million for the quarter, compared to $727.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.21 percent. For the current quarter, analysts expect SEDG to generate $783.92M in revenue.
