Enphase Energy Inc: Why Investors Shouldn’t Get Rid Of ENPH Stock In 2024

In the last trading session, 3.55 million shares of the Enphase Energy Inc (NASDAQ:ENPH) were traded, and its beta was 1.50. Most recently the company’s share price was $110.51, and it changed around $4.03 or 3.78% from the last close, which brings the market valuation of the company to $15.00B. ENPH currently trades at a discount to its 52-week high of $228.36, offering almost -106.64% off that amount. The share price’s 52-week low was $73.49, which indicates that the current value has risen by an impressive 33.5% since then. We note from Enphase Energy Inc’s average daily trading volume that its 3-month average coming to 4.08 million.

Enphase Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.07. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended ENPH as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Enphase Energy Inc is expected to report earnings per share of $ENPHASE ENERGY INC.DL-,01 for the current quarter.

Enphase Energy Inc (NASDAQ:ENPH) trade information

Instantly ENPH has showed a green trend with a performance of 3.78% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -16.37% year-to-date, but still down -1.74% over the last five days. On the other hand, Enphase Energy Inc (NASDAQ:ENPH) is -4.22% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $233.2, which translates to bulls needing to increase their stock price by 52.61% from its current value. Analyst projections state that ENPH is forecast to be at a low of $131 and a high of $350.

Enphase Energy Inc (ENPH) estimates and forecasts

Enphase Energy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.65 percent over the past six months and at a -25.40% annual growth rate that is well below the industry average of -9.70%.

Enphase Energy Inc earnings are expected to increase by -26.39% in 2024, but the outlook is positive 14.80% per year for the next five years.

ENPH Dividends

Enphase Energy Inc’s next quarterly earnings report is expected to be released in May.