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Wednesday, March 22, 2023

Is SolarEdge Technologies Inc. (NASDAQ: SEDG) The Best Stock To Invest In?

After Hours

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. After-hours trades for SolarEdge Technologies Inc. (SEDG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.47, or -0.14%, to $327.90. The SolarEdge Technologies Inc. has recorded 19,887 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SolarEdge Announces Fourth Quarter 2022 and Full Year 2022 Financial Results.

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Stocks Info

As a NASDAQ listed company, SEDG falls under the Technology sector while operating within the Solar industry segment. At the end of the last regular session, the stock closed at $328.37 and fluctuated between $335.00 as its day high and $324.68 as its day low. The current market capitalization of SolarEdge Technologies Inc. is $18.24B. A total of 0.76 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SEDG has seen 14 BUY and 14 SELL insider trades, representing the acquisition of 24,189 and the disposition of 18,716 shares. Over the last 12 months, there were 37 BUYs and 174 SELLs from insiders. Insiders purchased 60,213 shares during that period but sold 142,500.

In the most recent transaction, Adest Meir sold 5,000 shares of SEDG for 316.57 per share on Feb 15. After the transaction, the Chief Product Officer now owns 139,068 company shares. In a previous transaction on Jan 17, Adest Meir sold 5,000 shares at 315.96 per share. SEDG shares that Chief Product Officer owns now total 140,485.

Among the insiders who sold shares, Adest Meir disposed of 5,000 shares on Dec 15 at a per-share price of $330.20. This resulted in the Chief Product Officer holding 150,938 shares of SEDG after the transaction. In another insider transaction, Bechor Uri sold 8,716 shares at $340.00 per share on Dec 14. Company shares held by the Chief Operating Officer now total 19,406.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SEDG in the last 3 months, the mean price target is $366.94 with high estimates of $452.00 and low estimates of $305.00. 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 $1.55 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $2 per share and a lower estimate of $1.11. The company reported an EPS of $0.95 in the last quarter, which was -31.70% lower than expectations of $1.39.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

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. Currently, 32 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 4.33. A total of 18 analysts rated the stock as Buy while 4 rated it as Overweight while 10 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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