Over the past 52 weeks, the shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been trading as low as $30.8 before witnessing a massive surge by 31.1% or $9.58. This price movement has led to the SEDG stock receiving more attention and has become one to watch out for. It jumped by 4.77% on Thursday and this got the market excited. The stock’s beta now stands at -0.42 and when compared to its 200-day moving average and its 50-day moving average, SEDG price stands -17.47% below and 3.88% above respectively. Its average daily volatility for this week is 6.29% which is more than the 4.74% recorded over the past month. The shares of SolarEdge Technologies, Inc. dropped by -42.92% or -$30.36 from its last recorded high of $70.74 which it attained on May 14 to close at $40.38 per share.
SolarEdge Technologies, Inc. (SEDG) sank -5.23% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 16.87% and is now up by 7.54% since start of this year. A look at its monthly performance shows that the stock has recorded a 3.29% gain over the past 30 days. Its equity price dipped by -11.35% over the past three months which led to its overall six-month decrease to stand at -24.45%.
A look at SEDG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.66 point. Its trading volume has added 747989 shares compared to readings over the past three months as it recently exchanged 1717059 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 969070 shares, and this is 1.77 times the normal volume.
The HXL stock Stochastic Oscillator (%D) is at 50.32%, which means that it is currently neutral. The shares P/S ratio stands at 2.44 which compares to the 5 recorded by the industry or the 44.56 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.45, which is lower than the 19.51 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 12.1% over the past five years.
Analysts view Hexcel Corporation (NYSE:HXL) as a Hold, with 2.5 consensus rating. Reuters surveyed 15 analysts that follow HXL and found that 8 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Hexcel Corporation (HXL) shares or sell it if they already own it.