Solaredge Technologies Inc (NASDAQ:SEDG) shares traded -3.69% lower at $13.84 on Wall Street last session.
SEDG stock price is now -7.59% away from the 50-day moving average and -59.62% away from the 200-day moving average. The market capitalization of the company currently stands at $802.03M.
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With the price target enhanced from $10 to $19, Goldman Upgraded its rating from Sell to Buy for Solaredge Technologies Inc (NASDAQ: SEDG). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, GANI MARCEL, Director bought 20,000 shares of the company’s stock on Nov 13 ’24. The stock was bought for $228,648 at an average price of $11.43. Upon completion of the transaction, the Director now directly owns 53,035 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Chairman of the Board AVERY MORE bought 156,000 shares of the business’s stock. A total of $2,129,400 was incurred on buying the stock at an average price of $13.65. This leaves the insider owning 244,478 shares of the company worth $3.38 million. A total of 1.91% of the company’s stock is owned by insiders.
During the past 12 months, Solaredge Technologies Inc has had a low of $10.24 and a high of $103.15. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 2.34, and a quick ratio of 1.46. The fifty day moving average price for SEDG is $15.0708 and a two-hundred day moving average price translates $34.54275 for the stock.
The latest earnings results from Solaredge Technologies Inc (NASDAQ: SEDG) was released for 2024-09-30. The net profit margin was -158.19% and return on equity was -96.08% for SEDG. The company reported revenue of $260.9 million for the quarter, compared to $725.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.03 percent.
