Enphase Energy Inc (NASDAQ:ENPH)’s traded shares stood at 4.42 million during the last session, with the company’s beta value hitting 1.74. At the close of trading, the stock’s price was $83.83, to imply an increase of 3.37% or $2.73 in intraday trading. The ENPH share’s 52-week high remains $141.63, putting it -68.95% down since that peak but still an impressive 12.33% since price per share fell to its 52-week low of $73.49. The company has a valuation of $11.33B, with an average of 5.78 million shares in intraday trading volume over the past 10 days and average of 3.01 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Enphase Energy Inc (ENPH), translating to a mean rating of 2.32. Of 29 analyst(s) looking at the stock, 2 analyst(s) give ENPH a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 22 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.76.
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Enphase Energy Inc (NASDAQ:ENPH) trade information
After registering a 3.37% upside in the last session, Enphase Energy Inc (ENPH) has traded red over the past five days. The 5-day price performance for the stock is -8.52%, and -26.21% over 30 days. With these gigs, the year-to-date price performance is -36.56%. Short interest in Enphase Energy Inc (NASDAQ:ENPH) saw shorts transact 13.85 million shares and set a 5.82 days time to cover.
The extremes give us $85 and $341 for target low and target high price respectively. As such, ENPH has been trading -306.78% off suggested target high and -1.4% from its likely low.
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 -25.10% down over the last 6 months, with its year-to-date growth rate lower than industry average at -42.86% against -15.60%. Revenue is forecast to grow 40.70% this quarter before jumping 117.10% for the next one. The rating firms project that company’s revenue will shrink -41.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 30 analysts is 384.89M. Meanwhile, for the current quarter, a total of 24 analyst(s) estimate revenue growth to 377.55M.Earnings reports from the last fiscal year show that sales brought in 302.57M and 281.95M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.20% before jumping 33.90% in the following quarter.
ENPH Dividends
Enphase Energy Inc has its next earnings report out on 2025-Feb-04. 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 (NASDAQ:ENPH)’s Major holders
Enphase Energy Inc insiders hold 3.33% of total outstanding shares, with institutional holders owning 87.85% of the shares at 90.88% float percentage. In total, 87.85% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 16.14 million shares (or 11.8737% of shares), all amounting to roughly $1.61 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 15.39 million shares, or about 11.3219% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.53 billion.
