SolarEdge Technologies Inc. (NASDAQ:SEDG) shares fell to a low of $243.84 before closing at $263.18. Intraday shares traded counted 1.23 million, which was -38.97% lower than its 30-day average trading volume of 883.70K. SEDG’s previous close was $247.56 while the outstanding shares total 51.73M. The firm has a beta of 0.93, a 12-month trailing P/E ratio of 109.70, and a growth ratio of 5.40. The stock’s Relative Strength Index (RSI) is 61.05, with weekly volatility at 4.60% and ATR at 11.37. The SEDG stock’s 52-week price range has touched low of $127.19 and a $377.00 high. The stock traded higher over the last trading session, gaining 6.31% on 06/17/21.
Investors have identified the Solar company SolarEdge Technologies Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $13.48 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
SolarEdge Technologies Inc. (SEDG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SEDG, the company has in raw cash 687.67 million on their books with 16.21 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.59 billion total, with 397.73 million as their total liabilities.
SEDG were able to record -0.46 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -141.99 million. In cash movements, the company had a total of 24.08 million as operating cash flow.
Potential earnings growth for SolarEdge Technologies Inc. (SEDG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, SolarEdge Technologies Inc. recorded a total of 405.49 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.35% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 11.69%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 361.36 million trying to sell their products during the last quarter, with the result yielding a gross income of 44.13 million. This allows shareholders to hold on to 51.73M with the recently reported earning now reading 0.58 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.58 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.93 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SEDG sounds very interesting.
Is the stock of SEDG attractive?
In related news, Director, GANI MARCEL sold 333 shares of the company’s stock in a transaction that recorded on Jun 16. The sale was performed at an average price of 248.07, for a total value of 82,609. As the sale deal closes, the Director, GANI MARCEL now sold 334 shares of the company’s stock, valued at 79,047. Also, CEO, Lando Zvi sold 46 shares of the company’s stock in a deal that was recorded on Jun 01. The shares were price at an average price of 250.21 per share, with a total market value of 11,510. Following this completion of acquisition, the Chief Operating Officer, Bechor Uri now holds 46 shares of the company’s stock, valued at 11,510. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.
13 out of 22 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on SolarEdge Technologies Inc.. 3 analysts has assigned a Sell rating on the SEDG stock. The 12-month mean consensus price target for the company’s shares has been set at $290.82.