Solaredge Technologies Inc (NASDAQ:SEDG) price on Thursday, March 20, rose 0.82% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.12.
A look at the stock’s price movement, the close in the last trading session was $16.98, moving within a range at $16.46 and $17.725. The beta value (5-Year monthly) was 1.778. Turning to its 52-week performance, $73.60 and $10.24 were the 52-week high and 52-week low respectively. Overall, SEDG moved -12.79% over the past month.
Solaredge Technologies Inc’s market cap currently stands at around $1.01 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-18.
Analysts have a consensus estimate of 206.17M for the company’s revenue for the quarter, with a low and high estimate of 198.95M and 215.12M respectively. The average forecast suggests up to a 0.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.11B, representing a 22.72% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SEDG is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
25 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 12 recommend SEDG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SEDG’s current price about 2.77% and 11.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.12, while 7-day volatility ratio is 6.68% and 9.60% in the 30-day chart. Further, Solaredge Technologies Inc (SEDG) has a beta value of 1.63, and an average true range (ATR) of 1.50. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $9 and high of $28. Looking at the price targets, the low is 47.43% off current price level while to achieve the yearly target high, price needs to move -63.55%. Nonetheless, investors will most likely welcome a 12.38% jump to $15 which is the analysts’ median price.
If we refocus on Solaredge Technologies Inc (NASDAQ:SEDG), historical trading data shows that trading volumes averaged 2.44 over the past 10 days and 4.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 58.03 million shares.
The 2.36% of Solaredge Technologies Inc’s shares are in the hands of company insiders while institutional holders own 99.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 21.85 million on 2025-02-28, giving us a short ratio of 4.4. The data shows that as of 2025-02-28 short interest in Solaredge Technologies Inc (SEDG) stood at 4431.0 of shares outstanding, with shares short falling to 22.87 million registered in 2025-01-31. Current price change has pushed the stock 25.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SEDG stock continues to rise going into the next quarter.
