Solaredge Technologies Inc (NASDAQ: SEDG): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that SolarEdge to Announce Financial Results for the Fourth Quarter and Year Ended December 31, 2023 on Tuesday, February 20, 2024.

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Stocks Info

SEDG belongs to the Technology sector of the NASDAQ while operating in the Solar industry. At the end of the last regular session, the stock closed at $75.51 and fluctuated between $77.56 as its day high and $74.26 as its day low. The current market capitalization of Solaredge Technologies Inc is $4.29B. A total of 1.86 million shares were traded on the day, compared to an average of 3.08M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SEDG has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 20,300 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 13 SELLs from insiders. Insiders purchased 29,148 shares during that period but sold 10,470.

In the most recent transaction, AVERY MORE bought 15,300 shares of SEDG for 70.96 per share on Nov 09. After the transaction, the Director now owns 70,446 company shares. In a previous transaction on Nov 09, GANI MARCEL bought 5,000 shares at 73.49 per share. SEDG shares that Director owns now total 29,049.

Among the insiders who bought shares, Faier Ronen acquired of 875 shares on Aug 09 at a per-share price of $180.10. This resulted in the Chief Financial Officer holding 73,414 shares of SEDG after the transaction. In another insider transaction, Adest Meir sold 300 shares at $302.17 per share on Jun 02. Company shares held by the VP, Core Technologies now total 126,624.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SEDG in the last 3 months, the mean price target is $87.40 with high estimates of $133.00 and low estimates of $33.46. In terms of 52-week highs and lows, SEDG has a high of $345.80 and a low of $63.25.

As of this writing, SEDG has an earnings estimate of -$1.32 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of -$0.44 per share and a lower estimate of -$2.7. The company reported an EPS of $2.62 in the last quarter, which was 4.00% higher than expectations of $2.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SEDG’s latest balance sheet shows that the firm has $697.82M in Cash & Short Term Investments as of fiscal 2021. There were $713.68M in debt and $525.18M in liabilities at the time. Its Book Value Per Share was $43.84, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.36.

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