While Solaredge Technologies Inc has overperformed by 0.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEDG fell by -83.84%, with highs and lows ranging from $103.15 to $10.24, whereas the simple moving average fell by -61.95% in the last 200 days.
On November 20, 2024, Guggenheim Upgraded Solaredge Technologies Inc (NASDAQ: SEDG) to Neutral. A report published by Morgan Stanley on November 15, 2024, Downgraded its rating to ‘Underweight’ for SEDG. TD Cowen also reiterated SEDG shares as ‘Hold’, quoting a target price of $11 on the company’s shares in a report dated November 07, 2024. Piper Sandler November 07, 2024d the rating to Underweight on November 07, 2024, and set its price target from $17 to $9. Mizuho November 07, 2024d its ‘Outperform’ rating to ‘Neutral’ for SEDG, as published in its report on November 07, 2024. BofA Securities’s report from November 07, 2024 suggests a price prediction of $14 for SEDG shares, giving the stock a ‘Underperform’ rating. TD Cowen also rated the stock as ‘Hold’.
Analysis of Solaredge Technologies Inc (SEDG)
Further, the quarter-over-quarter decrease in sales is -64.03%, showing a negative trend in the upcoming months.
Solaredge Technologies Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -96.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.46, 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 be an extremely valuable indicator of volatility, and SEDG is registering an average volume of 4.81M. On a monthly basis, the volatility of the stock is set at 10.84%, whereas on a weekly basis, it is put at 9.68%, with a gain of 4.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.68, showing decline from the present price of $13.35, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 1.91%. 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 100.79% 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 100.79% at present.
