Solaredge Technologies Inc shares are closing near attractive entry levels for a medium term horizon. Investors could regard the decline over the past weeks as a buying opportunity. Investors have an opportunity to buy the stock and target the $ 44.9.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The share is getting closer to its long-term support in weekly data, at USD 32.2, which offers good timing for buyers.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 36.63 support.
The prospective high growth for the next fiscal years is among the main assets of the company
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Analysts covering the stock have recently lowered their earnings forecast.
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