While Solaredge Technologies Inc has underperformed by -3.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -90.62%, with highs and lows ranging from $281.37 to $23.51, whereas the simple moving average fell by -62.68% in the last 200 days.
On July 17, 2024, DZ Bank Downgraded Solaredge Technologies Inc (NASDAQ: SEDG) to Sell. A report published by BofA Securities on July 08, 2024, Upgraded its rating to ‘Neutral’ for SEDG. Scotiabank also reiterated SEDG shares as ‘Sector Perform’, quoting a target price of $46 on the company’s shares in a report dated June 25, 2024. JP Morgan Reiterated the rating as Overweight on June 25, 2024, but set its price target from $59 to $49. Canaccord Genuity resumed its ‘Hold’ rating for SEDG, as published in its report on June 25, 2024. Susquehanna’s report from May 13, 2024 suggests a price prediction of $56 for SEDG shares, giving the stock a ‘Neutral’ rating. TD Cowen also rated the stock as ‘Buy’.
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Analysis of Solaredge Technologies Inc (SEDG)
Further, the quarter-over-quarter decrease in sales is -78.35%, showing a negative trend in the upcoming months.
One of the most important indicators of Solaredge Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -11.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SEDG is recording 3.93M average volume. On a monthly basis, the volatility of the stock is set at 7.88%, whereas on a weekly basis, it is put at 9.15%, with a loss of -18.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $45.55, showing growth from the present price of $25.69, which can serve as yet another indication of whether SEDG is worth investing in or should be passed over.
How Do You Analyze Solaredge Technologies Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SEDG shares are owned by institutional investors to the tune of 90.82% at present.
