Solaredge Technologies Inc (NASDAQ:SEDG) shares, rose in value, with the stock price up by 1.92% to the previous day’s close as strong demand from buyers drove the stock to $57.86.
Actively observing the price movement in the last trading, the stock closed the session at $56.77. The PE ratio was 130.64 over 12-month period. Referring to stock’s 52-week performance, its high was $321.33, and the low was $53.59. On the whole, SEDG has fluctuated by -9.62% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.5B, with a low estimate of 175M and a high estimate of 210.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 194.06M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SEDG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 46.24, with the price of SEDG currently trading nearly -10.66% and -15.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.91, while the 7-day volatility ratio is showing 5.76% which for the 30-day chart, stands at 5.85%. Furthermore, Solaredge Technologies Inc (SEDG)’s beta value is 1.53, and its average true range (ATR) is 3.78.
A comparison of Solaredge Technologies Inc (SEDG) with its peers suggests the former has fared considerably weaker in the market. SEDG showed an intraday change of 1.92% in last session, and over the past year, it shrunk by -81.83%%.
Data on historical trading for Solaredge Technologies Inc (NASDAQ:SEDG) indicates that the trading volumes over the past 3 months, they’ve averaged 2.29 million. According to company’s latest data on outstanding shares, there are 57.12 million shares outstanding.
Nearly 0.92% of Solaredge Technologies Inc’s shares belong to company insiders and institutional investors own 91.64% of the company’s shares. The stock has fallen by -38.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SEDG stock heading into the next quarter.
