Solaredge Technologies Inc (NASDAQ:SEDG) traded at $58.20 at close of the session on Friday, April 26, made an upward move of 2.81% on its previous day’s price.
Looking at the stock we see that its previous close was $56.61 . The company has a trailing 12-month PE ratio of 131.41. In terms of its 52-week price range, SEDG has a high of $315.34 and a low of $53.59. The company’s stock has lost about -16.49% over that past 30 days.
Solaredge Technologies Inc has a market cap of $3.32 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$1.57, with the EPS growth for the year raised at -$2.11 for 2024 and $4.21 for next year. These figures represent -151.20% and 299.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $194.67 million, with a low of $175 million and a high of $210.7 million. The median projection represents growth adding up to -79.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.51 billion, or -49.30% down from figures reported last year.
On the other hand, looking at the outlook for the SEDG stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the SEDG stock currently stands at 46.52, and the current price level is -8.83% off its SMA20 and -13.90% from its 50-day simple moving average. The RSI (14) is pointing at 40.82 while the volatility over the past week is 6.01% and jumps to 5.73% over the past one month. The beta value is 1.52, while the average true range (ATR) is currently pointing at 3.71.
Coming back to Solaredge Technologies Inc (NASDAQ:SEDG), we note that the average 3-month trading volume was 2.27 million. Current shares outstanding are 57.12 million.
The insiders hold 0.92% of the company’s shares while institutions hold 90.69%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -37.82% down in year-to-date price movement.
