In the latest trading session, 7.91 million Enphase Energy Inc (NASDAQ:ENPH) shares changed hands as the company’s beta touched 1.72. With the company’s most recent per share price at $80.79 changed hands at -$11.44 or -12.40% at last look, the market valuation stands at $10.94B. ENPH’s current price is a discount, trading about -75.31% off its 52-week high of $141.63. The share price had its 52-week low at $73.49, which suggests the last value was 9.04% up since then. When we look at Enphase Energy Inc’s average trading volume, we note the 10-day average is 3.72 million shares, with the 3-month average coming to 2.90 million.
Analysts gave the Enphase Energy Inc (ENPH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.29. If we narrow down to specifics, the data shows that 2 out of 29 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ENPH as a Hold, 22 felt it is a Buy and 0 rated the stock as Underweight. Enphase Energy Inc’s EPS for the current quarter is expected to be 0.9.
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Enphase Energy Inc (NASDAQ:ENPH) trade information
Instantly ENPH was in red as seen in intraday trades today. With action -13.25%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.86%, with the 5-day performance at -13.25% in the red. However, in the 30-day time frame, Enphase Energy Inc (NASDAQ:ENPH) is -30.77% down. Looking at the short shares, we see there were 13.85 million shares sold at short interest cover period of 5.82 days.
The consensus price target for the stock as assigned by Wall Street analysts is 150, meaning bulls need an upside of 46.14% from its recent market value. According to analyst projections, ENPH’s forecast low is 85 with 341 as the target high. To hit the forecast high, the stock’s price needs a -322.08% plunge from its current level, while the stock would need to soar -5.21% for it to hit the projected low.
Enphase Energy Inc (ENPH) estimates and forecasts
Data shows that the Enphase Energy Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -24.62% over the past 6 months, a -42.86% in annual growth rate that is considerably lower than the industry average of -15.60%. Year-over-year growth is forecast to reach -39.20% down from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 435.84M. 23 analysts are of the opinion that Enphase Energy Inc’s revenue for the current quarter will be 431.58M. The company’s revenue for the corresponding quarters a year ago was 302.57M and 281.95M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 44.00%. The estimates for the next quarter sales put growth at 53.10%.
The 2024 estimates are for Enphase Energy Inc earnings to decrease by -48.31%, but the outlook for the next 5-year period is at 14.29% per year.
ENPH Dividends
Enphase Energy Inc is expected to release its next quarterly earnings report on 2025-Feb-04.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.32% of Enphase Energy Inc shares while 87.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.75%. There are 87.74% institutions holding the Enphase Energy Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.8737% of the shares, roughly 16.14 million ENPH shares worth $1.61 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 11.3219% or 15.39 million shares worth $1.53 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 4.08 shares estimated at $320.51 million under it, the former controlled 3.01% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.58% of the shares, roughly 3.49 shares worth around $274.56 million.
