Finance

Worth Comparing the stock: SolarEdge Technologies, Inc. (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG), closed the last trading session at $88.39 with increase of $2.84 or 3.32 percent against the opening price of $85.55. The trading day volume of the company stands at 647012 shares while the average trading volume of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is 1.07 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 47.68 Million.

The price target of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is currently set at 89 by the analysts. The stock is $-3.35 Below its 1-Year High which is $91.45. SEDG hit its 1-Year low price of $32.42. The company is currently rated by analyst who are keeping a close eye on the stock as 2.1. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

The value of the stock increased by 9.12% during the previous week performance. Looking at the 1 month performance of SolarEdge Technologies, Inc. (NASDAQ:SEDG), the stock jumped 11.28%. While the 1 year performance shows a positive percentage of 127.81 and year to date performance stands at 151.82%.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Analytical Review

The stock needs to grow about $0.609999999999999 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 5.41%, 9.23% and 58.56 percent respectively. The stock trades about 9.32 percent of its Float giving its total shares Outstanding are 47.68 Million. SEDG gained about 117.6 percent in 6 months showing its Average True Range of 4.38. The company currently has a RSI and Beta of 56.67 and 0.08.

While talking about SolarEdge Technologies, Inc. (NASDAQ:SEDG) valuation ratios, the stock trades with a P/S and P/B of 3.84 and 6.25 which is significantly better and attractive as compared to its peers.