Enphase Energy Inc (ENPH) concluded trading on Wednesday at a closing price of $105.16, with 4.35 million shares of worth about $457.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.69% during that period and on May 01, 2024 the price saw a loss of about -3.31%. Currently the company’s common shares owned by public are about 135.72M shares, out of which, 130.72M shares are available for trading.
Stock saw a price change of -1.88% in past 5 days and over the past one month there was a price change of -7.39%. Year-to-date (YTD), ENPH shares are showing a performance of -20.42% which decreased to -34.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.49 but also hit the highest price of $192.22 during that period. The average intraday trading volume for Enphase Energy Inc shares is 4.28 million. The stock is currently trading -7.40% below its 20-day simple moving average (SMA20), while that difference is down -10.29% for SMA50 and it goes to -11.34% lower than SMA200.
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Enphase Energy Inc (NASDAQ: ENPH) currently have 135.72M outstanding shares and institutions hold larger chunk of about 75.22% of that.
The stock has a current market capitalization of $14.31B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 54.48, while it has posted earnings per share of $1.93 in the same period. Its PEG reads 2.97 and has Quick Ratio of 3.78 while making debt-to-equity ratio of 1.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENPH, volatility over the week remained 5.70% while standing at 5.72% over the month.
Stock’s fiscal year EPS is expected to drop by -33.99% while it is estimated to increase by 75.50% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 26, 2024 offering an Overweight rating for the stock and assigned a target price range of between $115 and $134 to it. Coverage by TD Cowen stated Enphase Energy Inc (ENPH) stock as a Buy in their note to investors on April 24, 2024, suggesting a price target of $145 for the stock. On April 24, 2024, Jefferies Downgrade their recommendations, while on April 24, 2024, Guggenheim Downgrade their ratings for the stock with a price target of $92. Stock get a Hold rating from DZ Bank on April 17, 2024.
