In today’s recent session, 0.88 million shares of the Enphase Energy Inc. (NASDAQ:ENPH) have been traded, and its beta is 1.11. Most recently the company’s share price was $173.04, and it changed around $3.2 or 1.88% from the last close, which brings the market valuation of the company to $23.29B. ENPH at last check was trading at a discount to its 52-week high of $229.04, offering almost -32.36% off that amount. The share price’s 52-week low was $92.14, which indicates that the recent value has risen by an impressive 46.75% since then. We note from Enphase Energy Inc.’s average daily trading volume that its 10-day average is 1.95 million shares, with the 3-month average coming to 1.85 million.
Enphase Energy Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended ENPH as a Hold, whereas 18 deemed it a Buy, and 1 rated it as Underweight. Enphase Energy Inc. is expected to report earnings per share of $0.48 for the current quarter.
Enphase Energy Inc. (NASDAQ:ENPH) trade information
Instantly ENPH has been showing a green trend so far today with a performance of 1.88% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 175.86 on Tuesday, 10/12/21 increased the stock’s daily price by 1.6%. The company’s shares are currently down -3.21% year-to-date, but still up 15.22% over the last five days. On the other hand, Enphase Energy Inc. (NASDAQ:ENPH) is 6.09% up in the 30-day period. We can see from the shorts that 4.36 million shares have been sold at a short interest cover period of 1.53 day(s).
The consensus price target as assigned by Wall Street analysts is $199.29, which translates to bulls needing to increase their stock price by 13.17% from its current value. Analyst projections state that ENPH is forecast to be at a low of $135.00 and a high of $238.00. In order for the stock price to hit the forecast high, the stock would need to plunge -37.54% from its current level, while the stock would need to crash 21.98% from its current level to reach the projected low.
Enphase Energy Inc. (ENPH) estimates and forecasts
Enphase Energy Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.80 percent over the past six months and at a 53.28% annual growth rate that is well above the industry average of 4.30%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 60.00% in revenue this quarter, and will report an increase of 3.90% in the next quarter. The year-over-year growth rate is expected to be 72.30%, up from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $342.43 million in revenue for the current quarter. 21 analysts expect Enphase Energy Inc. to make $370.67 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $169.08 million and $264.84 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 102.50%. Forecasts for the next quarter put sales growth at 40.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 31.30%. Enphase Energy Inc. earnings are expected to increase by -22.90% in 2021, but the outlook is positive 41.97% per year for the next five years.
Enphase Energy Inc.’s next quarterly earnings report is expected to be released around October 25 and October 29.
Enphase Energy Inc. (NASDAQ:ENPH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.22% of Enphase Energy Inc. shares, and 73.73% of them are in the hands of institutional investors. The stock currently has a share float of 78.62%. Enphase Energy Inc. stock is held by 843 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 11.06% of the shares, which is about 15.01 million shares worth $2.63 billion.
Vanguard Group, Inc. (The), with 8.17% or 11.09 million shares worth $1.95 billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 3.21 million shares worth $562.83 million, making up 2.36% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.7 million shares worth around $472.98 million, which represents about 1.99% of the total shares outstanding.