Enphase Energy Inc (NASDAQ:ENPH) has a beta value of 1.72 and has seen 1.82 million shares traded in the recent trading session. The company, currently valued at $13.06B, closed the recent trade at $96.45 per share which meant it lost -$5.02 on the day or -4.95% during that session. The ENPH stock price is -46.84% off its 52-week high price of $141.63 and 23.81% above the 52-week low of $73.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.35 million shares traded. The 3-month trading volume is 2.88 million shares.
The consensus among analysts is that Enphase Energy Inc (ENPH) is Buy stock at the moment, with a recommendation rating of 2.17. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 29 have rated it as a Hold, with 22 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.77.
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Enphase Energy Inc (NASDAQ:ENPH) trade information
Sporting -4.95% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ENPH stock price touched $96.45 or saw a rise of 8.94%. Year-to-date, Enphase Energy Inc shares have moved -27.01%, while the 5-day performance has seen it change -7.41%. Over the past 30 days, the shares of Enphase Energy Inc (NASDAQ:ENPH) have changed -13.49%. Short interest in the company has seen 13.85 million shares shorted with days to cover at 5.82.
Wall Street analysts have a consensus price target for the stock at $166, which means that the shares’ value could jump 41.9% from the levels at last check today. The projected low price target is $100.0 while the price target rests at a high of $341.0. In that case, then, we find that the latest price level in today’s session is -253.55% off the targeted high while a plunge would see the stock gain -3.68% from the levels at last check today.
Enphase Energy Inc (ENPH) estimates and forecasts
Figures show that Enphase Energy Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -12.69% over the past 6 months, with this year growth rate of -42.86%, compared to -13.10% for the industry. Revenue growth from the last financial year stood is estimated to be -39.10%.
30 analysts offering their estimates for the company have set an average revenue estimate of 392.77M for the current quarter. 30 have an estimated revenue figure of 439.87M for the next ending quarter. Year-ago sales stood 551.08M and 302.57M respectively for this quarter and the next, and analysts expect sales will shrink by -28.70% for the current quarter and -39.10% for the next.
Earnings growth for 2024 is a modest -42.97% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
ENPH Dividends
Enphase Energy Inc is expected to release its next earnings report on 2024-Oct-22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
Insiders own 3.32% of the company shares, while shares held by institutions stand at 87.90% with a share float percentage of 90.92%. Investors are also buoyed by the number of investors in a company, with Enphase Energy Inc having a total of 1162.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 16.14 million shares worth more than $1.61 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.8737% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 15.39 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.53 billion and represent 11.3219% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.01% shares in the company for having 4.08 shares of worth $391.28 million while later fund manager owns 3.49 shares of worth $335.18 million as of Jun 30, 2024, which makes it owner of about 2.58% of company’s outstanding stock.
