Solaredge Technologies Inc (NASDAQ:SEDG) price closed lower on Friday, April 12, dropping -6.99% below its previous close.
A look at the daily price movement shows that the last close reads $70.26. The company’s 5Y monthly beta was ticking 1.48 while its P/E ratio in the trailing 12-month period read 147.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $322.19 and 52-week low of $60.44. The stock subtracted -3.68% on its value in the past month. Solaredge Technologies Inc, which has a market valuation of $3.73 billion, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SEDG a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 52.23. The overview shows that SEDG’s price is at present -2.30% off the SMA20 and -7.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.29, with weekly volatility standing at 6.11%. The indicator jumps to 5.56% when calculated based on the past 30 days. Solaredge Technologies Inc (NASDAQ:SEDG)’s beta value is holding at 1.48, while the average true range (ATR) indicator is currently reading 4.16. An analysis of the Solaredge Technologies Inc (NASDAQ:SEDG) stock in terms of its daily trading volume indicates that the 3-month average is 2.38 million.
Current records show that the company has 57.12M in outstanding shares. The insiders’ percentage holdings are 0.92% of outstanding shares while the percentage share held by institutions stands at 91.79%. But the -30.18% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
