With 3.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.73 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $16.02 whereas the lowest price it dropped to was $14.46. The 52-week range on SEDG shows that it touched its highest point at $103.15 and its lowest point at $10.24 during that stretch. It currently has a 1-year price target of $12.72. Beta for the stock currently stands at 1.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEDG was up-trending over the past week, with a rise of 47.25%, but this was down by -6.45% over a month. Three-month performance dropped to -35.06% while six-month performance fell -67.75%. The stock lost -79.89% in the past year, while it has lost -83.12% so far this year. A look at the trailing 12-month EPS for SEDG yields -29.05 with Next year EPS estimates of -2.60. For the next quarter, that number is -1.48. This implies an EPS growth rate of -538.36% for this year and 85.61% for next year.
Float and Shares Shorts:
At present, 57.12 million SEDG shares are outstanding with a float of 57.09 million shares on hand for trading. On 2024-11-15, short shares totaled 19.4 million, which was 3347.0002 higher than short shares on 1728950400. In addition to Mr. Ronen Faier CPA as the firm’s Interim Chief Executive Officer, Mr. Yoav Galin serves as its VP of Research & Development and Founder.
Institutional Ownership:
Through their ownership of 1.04447 of SEDG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SEDG reported revenue of $260903000.0 and operating income of -$856297000.0. The EBITDA in the recently reported quarter was -$610543000.0 and diluted EPS was -$21.13.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEDG since 25 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEDG analysts setting a high price target of 100.0 and a low target of 7.0, the average target price over the next 12 months is 18.81321. Based on these targets, SEDG could surge 532.91% to reach the target high and fall by -55.7% to reach the target low. Reaching the average price target will result in a growth of 19.07% from current levels.
Analysts have provided yearly estimates in a range of -$5.31323 being high and -$22.95184 being low. For SEDG, this leads to a yearly average estimate of -$18.06064. The surprise factor in the prior quarter was -$1.56. Based on analyst estimates, the high estimate for the next quarter is -$0.41 and the low estimate is -$2.17. The average estimate for the next quarter is thus -$1.26.
