During the last session, Enphase Energy Inc. (NASDAQ:ENPH)’s traded shares were 2.93 million, with the beta value of the company hitting 1.45. At the end of the trading day, the stock’s price was $295.82, reflecting an intraday gain of 1.92% or $5.57. The 52-week high for the ENPH share is $298.97, that puts it down -1.06 from that peak though still a striking 61.67% gain since the share price plummeted to a 52-week low of $113.40. The company’s market capitalization is $35.92B, and the average intraday trading volume over the past 10 days was 5.02 million shares, and the average trade volume was 3.08 million shares over the past three months.
Enphase Energy Inc. (ENPH) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. ENPH has a Sell rating from 0 analyst(s) out of 31 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 23 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.03.
Enphase Energy Inc. (NASDAQ:ENPH) trade information
Enphase Energy Inc. (ENPH) registered a 1.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.92% in intraday trading to $295.82 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 7.89%, and it has moved by 51.76% in 30 days. Based on these gigs, the overall price performance for the year is 52.54%. The short interest in Enphase Energy Inc. (NASDAQ:ENPH) is 4.5 million shares and it means that shorts have 1.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $262.37, which implies a decrease of -12.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $194.00 and $315.00 respectively. As a result, ENPH is trading at a discount of -6.48% off the target high and 34.42% off the low.
Enphase Energy Inc. (ENPH) estimates and forecasts
Statistics show that Enphase Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Enphase Energy Inc. (ENPH) shares have gone up 112.04% during the last six months, with a year-to-date growth rate more than the industry average at 66.39% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 71.70% this quarter and then jump 49.30% in the quarter after that. In the rating firms’ projections, revenue will increase 60.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $604.03 million as predicted by 23 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to $650.29 million by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $351.52 million and $412.72 million respectively. In this case, analysts expect current quarter sales to grow by 71.80% and then jump by 57.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.50%. While earnings are projected to return 7.80% in 2022, the next five years will return 32.27% per annum.
Enphase Energy Inc. is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Enphase Energy Inc. (NASDAQ:ENPH)’s Major holders
Enphase Energy Inc. insiders own 2.08% of total outstanding shares while institutional holders control 74.03%, with the float percentage being 75.60%. Blackrock Inc. is the largest shareholder of the company, while 1,163 institutions own stock in it. As of Mar 30, 2022, the company held over 15.02 million shares (or 11.09% of all shares), a total value of $3.03 billion in shares.
The next largest institutional holding, with 13.98 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.32% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $2.82 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Enphase Energy Inc. (ENPH) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.48 million shares. This amounts to just over 2.57 percent of the company’s overall shares, with a $701.55 million market value. The same data shows that the other fund manager holds slightly less at 2.93 million, or about 2.16% of the stock, which is worth about $591.31 million.