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

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that SolarEdge’s First Commercial Storage System for PV Applications Now Available for Order in Italy.

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Stocks Info

Solaredge Technologies Inc is listed on the NASDAQ in the Technology sector while operating in the Solar industry. The current market capitalization of Solaredge Technologies Inc is $3.70B. A total of 1.68 million shares were traded on the day, compared to an average of 2.58M shares.

In the most recent transaction, AVERY MORE bought 7,000 shares of SEDG for 67.75 per share on Feb 29 ’24. After the transaction, the Director now owns 77,446 company shares. In a previous transaction on Nov 09 ’23, AVERY MORE bought 15,300 shares at 70.96 per share. SEDG shares that Director owns now total 70,446.

Among the insiders who bought shares, GANI MARCEL acquired of 5,000 shares on Nov 09 ’23 at a per-share price of $73.49. This resulted in the Director holding 29,049 shares of SEDG after the transaction. In another insider transaction, Faier Ronen bought 875 shares at $180.10 per share on Aug 09 ’23. Company shares held by the Chief Financial Officer now total 73,414.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SEDG has a high of $322.19 and a low of $60.44.

As of this writing, SEDG has an earnings estimate of -$1.53 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$1.04 per share and a lower estimate of -$2.2. The company reported an EPS of -$0.55 in the last quarter, which was -161.80% lower than expectations of $0.89.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $42.22, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

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. 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 3.28.

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