Enphase Energy Inc (NASDAQ:ENPH)’s traded shares stood at 4.94 million during the last session, with the company’s beta value hitting 1.46. At the close of trading, the stock’s price was $119.80, to imply an increase of 9.56% or $10.45 in intraday trading. The ENPH share’s 52-week high remains $231.42, putting it -93.17% down since that peak but still an impressive 38.66% since price per share fell to its 52-week low of $73.49. The company has a valuation of $16.26B, with an average of 3.4 million shares in intraday trading volume over the past 10 days and average of 4.16 million shares over the past 3 months.
Enphase Energy Inc (NASDAQ:ENPH) trade information
After registering a 9.56% upside in the last session, Enphase Energy Inc (ENPH) has traded red over the past five days. The stock hit a weekly high of 120.08, jumping 9.56% in its intraday price action. The 5-day price performance for the stock is 5.37%, and -1.08% over 30 days. With these gigs, the year-to-date price performance is -9.34%. Short interest in Enphase Energy Inc (NASDAQ:ENPH) saw shorts transact 9.07 million shares and set a 1.77 days time to cover.
Enphase Energy Inc (ENPH) estimates and forecasts
Looking at statistics comparing Enphase Energy Inc share performance against respective industry, we note that the company has underperformed competitors. Enphase Energy Inc (ENPH) shares are 0.55% up over the last 6 months, with its year-to-date growth rate lower than industry average at -23.81% against 7.90%. Revenue is forecast to shrink -70.10% this quarter before falling -56.50% for the next one. The rating firms project that company’s revenue will shrink -29.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 28 analysts is $283.97 million. Meanwhile, for the quarter ending Jun 2024, a total of 28 analyst(s) estimate revenue growth to $356.12 million.Earnings reports from the last fiscal year show that sales brought in $726.02 million and $711.12 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -60.90% before dropping -49.90% in the following quarter.
ENPH Dividends
Enphase Energy Inc has its next earnings report out between April 23 and April 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Enphase Energy Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
Enphase Energy Inc insiders hold 2.09% of total outstanding shares, with institutional holders owning 80.41% of the shares at 82.13% float percentage. In total, 80.41% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 15.98 million shares (or 11.72% of shares), all amounting to roughly $2.68 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 14.2 million shares, or about 10.42% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $2.38 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Enphase Energy Inc (ENPH) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 4.29 million shares. This is just over 3.14% of the total shares, with a market valuation of $717.85 million. Data from the same date shows that the other fund manager holds a little less at 3.26 million, or 2.39% of the shares, all valued at about 546.51 million.
