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Wednesday, February 1, 2023

Investing In SolarEdge Technologies Inc. (NASDAQ: SEDG): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SolarEdge Technologies Inc. (SEDG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -0.15%, to $309.00. The SolarEdge Technologies Inc. has recorded 8,482 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed SolarEdge and Sunnova Expand Partnership to Include SolarEdge Home Battery in Sunnova’s Energy as a Service Portfolio.

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Stocks Info

The company is listed on the NASDAQ and operates within the Solar industry segment. At the end of the last regular session, the stock closed at $309.46 and fluctuated between $310.55 as its day high and $300.26 as its day low. The current market capitalization of SolarEdge Technologies Inc. is $16.99B. A total of 0.78 million shares were traded on the day, compared to an average of 1.09M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SEDG has seen 2 BUY and 23 SELL insider trades, representing the acquisition of 1,757 and the disposition of 10,970 shares. Over the last 12 months, there were 27 BUYs and 208 SELLs from insiders. Insiders purchased 40,018 shares during that period but sold 140,599.

In the most recent transaction, Adest Meir sold 5,000 shares of SEDG for 330.20 per share on Dec 15. After the transaction, the Chief Product Officer now owns 150,938 company shares. In a previous transaction on Dec 14, Bechor Uri sold 8,716 shares at 340.00 per share. SEDG shares that Chief Operating Officer owns now total 19,406.

Among the insiders who sold shares, Lando Zvi disposed of 63 shares on Dec 01 at a per-share price of $295.98. This resulted in the CEO holding 45,231 shares of SEDG after the transaction. In another insider transaction, Adest Meir sold 63 shares at $295.98 per share on Dec 01. Company shares held by the VP, Core Technologies now total 154,748.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SEDG in the last 3 months, the mean price target is $354.48 with high estimates of $416.00 and low estimates of $245.00. In terms of 52-week highs and lows, SEDG has a high of $375.90 and a low of $190.15.

As of this writing, SEDG has an earnings estimate of $1.44 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.63 per share and a lower estimate of $1.12. The company reported an EPS of $1.2 in the last quarter, which was -5.50% lower than expectations of $1.27.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SEDG is Sell with a score of 4.37. A total of 18 analysts rated the stock as Buy while 2 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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