You should consider shares of Telefonica Brasil S.A. (NYSE:VIV) and SolarEdge Technologies Inc. (NASDAQ:SEDG) if you are looking for a great stocks to invest in. Starting with the VIV shares, which traded at $14.28 at the close of the recent session, gaining 0.42%. On Tuesday, the company’s shares shed $0.06 from its value which represented in intraday trading. The stock is now 0.09% higher in year-to-date (YTD) trading. VIV’s intraday high was $14.45 while its lowest price touched $14.20. The stock’s 52-week high price is $14.68, which means the current price is at -2.72%. In terms of trading activity, the daily trading volume fell to 1240719 against 200-day average trading volume of 1,470,560 shares.
What are analyst forecasts for Telefonica Brasil S.A. (NYSE:VIV)?
At a consensus rating of 3.50, VIV is trending as a streaking Moderate Buy, as it has been the case a month ago when 4 analysts called it a Moderate Buy. Two months ago, 5 analysts recommended, on average, that VIV stock is a Moderate Buy. The Technology company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $14.39 on the day.
Forecasts for Telefonica Brasil S.A. (NYSE:VIV) give the stock a fair value for the growth of 6.67% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $15.30, which means the price per share could rise by nearly $1.02. The price range target is between a low of $13.05 and a high of $16.00. The stock would need to gain by about $10.75 to hit the estimated high or 0.75% from its 12-month low.
The consensus among 12 analysts is that it is a good time for one to Overweight in the Telefonica Brasil S.A. 4 analysts rate VIV as a Buy, with 0 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 8 have recommended that investors Hold.
Telefonica Brasil S.A. (NYSE:VIV) Upgrades and Downgrades
In terms of rating changes, Barclays on August 01, 2019, Downgrade Telefonica Brasil S.A. (VIV) at Equal Weight. Analysts at Standpoint Research have assigned a Hold rating for the stock in their research note on July 25, 2019. Moreover, JP Morgan analysts issued a rating of Neutral for the stock on June 04, 2019. On December 14, 2018, the stock earned a Buy rating due to an analyst call from Citigroup, while analysts from Goldman on April 03, 2018 suggested that the stock is Neutral.
SolarEdge Technologies Inc. (NASDAQ:SEDG) adds $6.83 on Tuesday
The SEDG stock has risen 13.38% year-to-date and is currently trading at $107.81, which is -4.58% below its 52-week high. The company shares gained 6.76% on the day and have risen nearly 197.16% off a low hit. At current levels, SolarEdge Technologies Inc. has a valuation of about $1.27B. As of 02/04/20, this stock has risen 4.31% during the week and closed at $100.98 in the previous session. However, recent SolarEdge Technologies Inc. stock performance shows that SEDG shares are 5.30% up over the last month, and 29.59% 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 18.00% 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 16.80% 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 43.20% and the annual growth forecast for the year at 16.80%.
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 85.91% 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 548951 shares have been sold by insiders over the last 6 months while 381231 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 climbed 28.16%.