In the last trading session, 2.79 million Enphase Energy Inc (NASDAQ:ENPH) shares changed hands as the company’s beta touched 1.70. With the company’s per share price at $71.35 changed hands at -$1.01 or -1.40% during last session, the market valuation stood at $9.51B. ENPH’s last price was a discount, traded about -98.5% off its 52-week high of $141.63. The share price had its 52-week low at $58.33, which suggests the last value was 18.25% up since then. When we look at Enphase Energy Inc’s average trading volume, we note the 10-day average is 5.22 million shares, with the 3-month average coming to 4.41 million.
Analysts gave the Enphase Energy Inc (ENPH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.38. 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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Enphase Energy Inc (NASDAQ:ENPH) trade information
Instantly ENPH was in red as seen at the end of in last trading. With action 12.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -46.00%, with the 5-day performance at 12.24% in the green. However, in the 30-day time frame, Enphase Energy Inc (NASDAQ:ENPH) is -13.48% down. Looking at the short shares, we see there were 20.79 million shares sold at short interest cover period of 3.06 days.
The consensus price target for the stock as assigned by Wall Street analysts is 134, meaning bulls need an upside of 46.75% from its current market value. According to analyst projections, ENPH’s forecast low is 81 with 341 as the target high. To hit the forecast high, the stock’s price needs a -377.93% plunge from its current level, while the stock would need to soar -13.52% 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 -44.21% over the past 6 months, a -49.89% in annual growth rate that is considerably lower than the industry average of -20.60%.
The 2024 estimates are for Enphase Energy Inc earnings to decrease by -50.08%, but the outlook for the next 5-year period is at 25.00% per year.
ENPH Dividends
Enphase Energy Inc is expected to release its next quarterly earnings report in January.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.34% of Enphase Energy Inc shares while 90.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.70%. There are 90.58% 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.
