Analysts Rating Review: Solaredge Tech Cmn (SEDG)

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Solaredge Tech Cmn (NASDAQ:SEDG) shares traded -0.19% down during most recent session to reach at the closing price of $26.9. The stock exchanged hands 1.44 Million shares versus average trading capacity of 1.08 Million shares, yielding a market cap of $1.13 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $27.27 within the next 52-weeks. The mean target projections are based on 11 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Solaredge Tech Cmn (NASDAQ:SEDG) high price target of $40 and with a conservative view have low price target of $10.

Barclays “Maintained” Solaredge Tech Cmn (NASDAQ:SEDG) in a research note issued to investors on 8/03/17 to Overweight with price target of $28.

Additionally on 8/03/17 Canaccord Genuity “Maintained” Solaredge Tech Cmn (NASDAQ:SEDG) to Buy setting price target at $30 and on 8/03/17 Deutsche Bank “Maintained” the stock to Buy at $30. Furthermore on 7/27/17 Roth Capital “Upgrades” the stock to Buy at $26.

On the other hand the company has Relative Strength Index (RSI 14) of 58.5 along with Average True Range (ATR 14) of 0.8, Consequently Solaredge Tech Cmn (NASDAQ:SEDG)’s weekly and monthly volatility is 3.92%, 2.89% respectively. The company’s beta value is at 0.

In terms of Buy, Sell or Hold recommendations, Solaredge Tech Cmn (NASDAQ:SEDG) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Solaredge Tech Cmn (NASDAQ:SEDG)’s minimum EPS for the current quarter is at $0.46 and can go high up to $0.62. The consensus mean EPS for the current quarter is at $0.55 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.46 earnings per share for the same quarter during last year.

Previously Solaredge Tech Cmn (NASDAQ:SEDG) reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.17. The company posted an earnings surprise of 44.7%.

Solaredge Tech Cmn (NASDAQ:SEDG)’s revenue estimates for the current quarter are $159.18 Million according to 9 number of analysts, for the current quarter the company has high revenue estimates of $161.75 Million in contradiction of low revenue estimates of $155.2 Million. For the current year the company’s revenue estimates are $557.6 Million compared to low analyst estimates of $526.5 Million and high estimates of $576.3 Million according to 10 number of analysts.

Currently Solaredge Tech Cmn (NASDAQ:SEDG)’s shares owned by insiders are 4.2%, whereas shares owned by institutional owners are 78.6%. However the six-month change in the insider ownership was recorded -18.86%, as well as three-month change in the institutional ownership was recorded 2.57%.

Solaredge Tech Cmn (NASDAQ:SEDG) 52-week high price stands at $28.80 and low price stands at $11.35, its price distance from 52-week high is -6.6% while its distance from 52-week low price is 137%. The stock hit its 52-week high on 08/08/17, and 52-week low on 11/10/16.

Solaredge Tech Cmn (NASDAQ:SEDG)’s trailing twelve month revenues are $491.2 Million, whereas its price to sales ratio for the same period is 2.31. Its book value per share for the most recent quarter is $8.04 while its price to book ratio for the same period is 3.35, as for as the company’s cash per share for the most recent quarter is $4.59, however its price to cash per share ratio for the same period is 5.85. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 19.15.

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