During the recent session, Enphase Energy Inc (NASDAQ:ENPH)’s traded shares were 0.45 million, with the beta value of the company hitting 1.98. At the last check today, the stock’s price was $61.51, reflecting an intraday gain of 1.32% or $0.8. The 52-week high for the ENPH share is $141.63, that puts it down -130.26 from that peak though still a striking 16.06% gain since the share price plummeted to a 52-week low of $51.63. The company’s market capitalization is $8.15B, and the average intraday trading volume over the past 10 days was 2.87 million shares, and the average trade volume was 4.08 million shares over the past three months.
Enphase Energy Inc (ENPH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.42. ENPH has a Sell rating from 2 analyst(s) out of 29 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 22 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.72.
Enphase Energy Inc (NASDAQ:ENPH) trade information
Enphase Energy Inc (ENPH) registered a 1.32% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.32% in intraday trading to $61.51, hitting a weekly high. The stock’s 5-day price performance is -0.05%, and it has moved by 0.52% in 30 days. Based on these gigs, the overall price performance for the year is -43.75%. The short interest in Enphase Energy Inc (NASDAQ:ENPH) is 20.03 million shares and it means that shorts have 4.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $104, which implies an increase of 40.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $62 and $130 respectively. As a result, ENPH is trading at a discount of -111.35% off the target high and -0.8% off the low.
Enphase Energy Inc (ENPH) estimates and forecasts
In the rating firms’ projections, revenue will increase 16.73% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 358.62M as predicted by 27 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to 381.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 263.34M and 303.46M respectively. In this case, analysts expect current quarter sales to grow by 36.18% and then jump by 25.77% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.43%. While earnings are projected to return 39.21% in 2025, the next five years will return 26.08% per annum.
ENPH Dividends
Enphase Energy Inc is due to release its next quarterly earnings on 2025-Feb-03. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
Enphase Energy Inc insiders own 3.47% of total outstanding shares while institutional holders control 94.25%, with the float percentage being 97.63%. VANGUARD GROUP INC is the largest shareholder of the company, while 1041.0 institutions own stock in it. As of 2024-06-30, the company held over 16.14 million shares (or 11.8737% of all shares), a total value of $1.61 billion in shares.
The next largest institutional holding, with 15.39 million shares, is of BLACKROCK INC.’s that is approximately 11.3423% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.53 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Enphase Energy Inc (ENPH) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 4.04 shares. This amounts to just over 3.05 percent of the company’s overall shares, with a $249.28 million market value. The same data shows that the other fund manager holds slightly less at 3.66, or about 2.76% of the stock, which is worth about $225.82 million.
