Sales Growth Analysis: The Delphi Technologies PLC (DLPH), SolarEdge Technologies Inc. (SEDG)

You should consider shares of Delphi Technologies PLC (NYSE:DLPH) and SolarEdge Technologies Inc. (NASDAQ:SEDG) if you are looking for a great stocks to invest in. Starting with the DLPH shares, which traded at $12.10 at the close of the recent session, dropping -4.87%. On Tuesday, the company’s shares shed -$0.62 from its value which represented in intraday trading. The stock is now -29.20% lower in year-to-date (YTD) trading. DLPH’s intraday high was $12.44 while its lowest price touched $12.01. The stock’s 52-week high price is $26.82, which means the current price is at -54.88%. In terms of trading activity, the daily trading volume rose to 1619279 against 200-day average trading volume of 1,403,030 shares.

What are analyst forecasts for Delphi Technologies PLC (NYSE:DLPH)?

At a consensus rating of 3.67, DLPH is trending as a streaking Moderate Buy, as it has been the case a month ago when 14 analysts called it a Moderate Buy. Two months ago, 13 analysts recommended, on average, that DLPH stock is a Moderate Buy. The Consumer Goods company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $12.40 on the day.

Forecasts for Delphi Technologies PLC (NYSE:DLPH) give the stock a fair value for the growth of 13.57% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $14.00, which means the price per share could rise by nearly $1.9. The price range target is between a low of $10.00 and a high of $18.00. The stock would need to gain by about $32.78 to hit the estimated high or 0.9% from its 12-month low.

The consensus among 16 analysts is that it is a good time for one to Overweight in the Delphi Technologies PLC. 4 analysts rate DLPH as a Buy, with 0 of 16 analysts rate it as a Sell. 1 have valued the stock as Overweight and 11 have recommended that investors Hold.

Delphi Technologies PLC (NYSE:DLPH) Upgrades and Downgrades

In terms of rating changes, Barclays on November 04, 2019, Downgrade Delphi Technologies PLC (DLPH) at Equal Weight. They believe the stock could reach $13 in the near term. Analysts at Oppenheimer have assigned a Perform rating for the stock in their research note on November 01, 2019. Moreover, Guggenheim analysts issued a rating of Neutral for the stock on October 16, 2019. On June 27, 2019, the stock earned a Neutral rating due to an analyst call from Credit Suisse, while analysts from Goldman on June 13, 2019 suggested that the stock is Buy.

SolarEdge Technologies Inc. (NASDAQ:SEDG) adds $6.32 on Tuesday

The SEDG stock has risen 150.83% year-to-date and is currently trading at $88.04, which is -8.94% below its 52-week high. The company shares gained 7.73% on the day and have risen nearly 171.52% off a low hit. At current levels, SolarEdge Technologies Inc. has a valuation of about $1.27B. As of 12/03/19, this stock has risen 9.83% during the week and closed at $81.72 in the previous session. However, recent SolarEdge Technologies Inc. stock performance shows that SEDG shares are 5.83% up over the last month, and 6.21% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.7, with the trailing 12-month share earnings at $2.10. The ratio is expected to be up by 26.50% for the current year 2019 and 17.20% for next year. Over the next 5-year period, earnings per share will be 20.00%. But will the SEDG stock surprise in the current quarter results, where the $1.21 actual EPS reported on 9/29/2019 surprised by 4.30% or was higher by $0.05 from the estimated $1.16.

Sales Growth to climb 17.10% for the year

How well will SolarEdge Technologies Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $393.1M and $418.23M in current quarter sales. The consensus estimated for the current quarter is $413.78M from sales. Forecasts for this fiscal year are between $1.4B and $1.43B and the consensus estimate for sales is at $1.42B. SEDG has its next quarter sales estimates at between $321.5M and $441M, with the quarter-over-quarter growth estimates at 43.50% and the annual growth forecast for the year at 17.10%.

Who owns shares in SolarEdge Technologies Inc. (SEDG)?

Let’s briefly focus on the share ownership of the SolarEdge Technologies Inc. (NASDAQ:SEDG) stock, where we find that 93.93% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 5.28 million shares or 10.87% of shares outstanding. Invesco Ltd. and Swedbank held 2.78 million and 2.08 million representing 5.71% and 4.28% respectively at the close of the last trading session. As of Sep 29, 2019, Clal Insurance Enterprises Holdings Ltd accounted for 2.08 million shares at over 174.02 million. This represented 4.28% of shares outstanding. NN Investment Partners Holdings N.V. held 1.66 million shares at over 138.99 million representing 3.42% of shares outstanding.

SEDG Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at SolarEdge Technologies Inc. (SEDG), a total of 346176 shares have been sold by insiders over the last 6 months while 344937 shares were added in the same time span. On 8/19/2019, Vice President-Research & Development by the name Galin Yoav sold 49411.0 shares worth $4.2 million at the price of $84.50 per share. Filings also show that Galin Yoav sold a total of 45589.0 shares on 8/19/2019 valued at $3.8 million. Since the last insider activity, the company’s share price has dropped -2.85%.