Boom Or Bust: What Does The Future Hold For Enphase Energy Inc (NASDAQ: ENPH) Stock?

Enphase Energy Inc (NASDAQ:ENPH)’s traded shares stood at 1.6 million during the latest session, with the company’s beta value hitting 1.72. At the last check today, the stock’s price was $107.81, to imply a decrease of -0.70% or -$0.76 in intraday trading. The ENPH share’s 52-week high remains $192.22, putting it -78.3% down since that peak but still an impressive 31.83% since price per share fell to its 52-week low of $73.49. The company has a valuation of $14.67B, with an average of 3.87 million shares over the past 3 months.

Enphase Energy Inc (NASDAQ:ENPH) trade information

After registering a -0.70% downside in the latest session, Enphase Energy Inc (ENPH) has traded red over the past five days. The stock hit a weekly high of 131.74, dropping -0.70% in its intraday price action. The 5-day price performance for the stock is -16.89%, and -3.31% over 30 days. With these gigs, the year-to-date price performance is -18.41%.

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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 -20.33% down over the last 6 months, with its year-to-date growth rate lower than industry average at -33.56% against -2.90%. The rating firms project that company’s revenue will shrink -36.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 30 analysts is 310M. Meanwhile, for the current quarter, a total of 29 analyst(s) estimate revenue growth to 414.02M.Earnings reports from the last fiscal year show that sales brought in 711.12M and 551.08M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -56.40% before dropping -24.90% in the following quarter.

ENPH Dividends

Enphase Energy Inc has its next earnings report out in July. 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%.