Solaredge Technologies Inc (NASDAQ:SEDG) shares, rose in value on Thursday, March 27, with the stock price down by -1.06% to the previous day’s close as strong demand from buyers drove the stock to $15.93.
Actively observing the price movement in the last trading, the stock closed the session at $16.10, falling within a range of $15.6 and $16.33. The value of beta (5-year monthly) was 1.778. Referring to stock’s 52-week performance, its high was $73.60, and the low was $10.24. On the whole, SEDG has fluctuated by -14.08% over the past month.
With the market capitalization of Solaredge Technologies Inc currently standing at about $936.41 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.1B, with a low estimate of 190.4M and a high estimate of 215.12M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 205.55M.
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 Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SEDG currently trading nearly -2.11% and 2.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.25, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 8.61%. Furthermore, Solaredge Technologies Inc (SEDG)’s beta value is 1.66, and its average true range (ATR) is 1.38.
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 -1.06% in last session, and over the past year, it shrunk by -75.12%%.
Data on historical trading for Solaredge Technologies Inc (NASDAQ:SEDG) indicates that the trading volumes over the past 10 days have averaged 2.07 and over the past 3 months, they’ve averaged 4.12 million. According to company’s latest data on outstanding shares, there are 58.03 million shares outstanding.
Nearly 2.36% of Solaredge Technologies Inc’s shares belong to company insiders and institutional investors own 99.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.25 million shares as on 2025-03-14, resulting in a short ratio of 3.95. According to the data, the short interest in Solaredge Technologies Inc (SEDG) stood at 4309.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 23.5 million. The stock has risen by 17.13% 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.
