SolarEdge Technologies, Inc. : The technical configuration is positive
11/27/2019 | 10:03am EST
Target price hit
Entry price :
79.51$ | Target : 89.7$ | Stop-loss : 73.9$ | Potential : 12.82%
SolarEdge Technologies, Inc.'s shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the $ 89.7.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. The company has solid fundamentals for a short-term investment strategy.
Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years. Thanks to a sound financial situation, the firm has significant leeway for investment. Over the last 4 months, analysts have significantly revised upwards the company's estimated sales. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For the past twelve months, EPS forecast has been revised upwards. For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner. Analysts covering this company mostly recommend stock overweighting or purchase. The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock. The tendency within the weekly time frame is positive above the technical support level at 55.59 USD
The firm trades with high earnings multiples: 27.11 times its 2019 earnings per share.
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1 827 M
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EV / Sales2021
6 141 M
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