The trading price of Solaredge Technologies Inc (NASDAQ:SEDG) closed lower on Friday, April 19, closing at $55.80, -2.77% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 125.99, while its 5Y monthly beta was 1.48. In examining the 52-week price action we see that the stock hit a 52-week high of $321.61 and a 52-week low of $57.06. Over the past month, the stock has lost -14.74% in value.
Solaredge Technologies Inc, whose market valuation is $3.19 billion at the time of this writing, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Solaredge Technologies Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SEDG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 44.60, which symbolizes a positive outlook. A quick review shows that SEDG’s price is currently -15.69% off the SMA20 and -20.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.61, and weekly volatility stands at 5.46%. When measured over the past 30 days, the indicator reaches 5.47%. Solaredge Technologies Inc (NASDAQ:SEDG)’s beta value is currently sitting at 1.53, while the Average True Range indicator is currently displaying 3.85.
To see how Solaredge Technologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SEDG stock’s performance was -2.77% in the latest trading, and -82.25% in the past year. Solaredge Technologies Inc has a P/E ratio of 125.99.
An evaluation of the daily trading volume of Solaredge Technologies Inc (NASDAQ:SEDG) indicates that the 3-month average is 2.31 million.
Currently, records show that 57.12 million of the company’s shares remain outstanding. The insiders hold 0.92% of outstanding shares, whereas institutions hold 91.69%. However, since the stock’s price has seen -40.38% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
