Enphase Energy Inc (ENPH) concluded trading on Wednesday at a closing price of $106.75, with 2.97 million shares of worth about $317.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.97% during that period and on July 10, 2024 the price saw a gain of about 3.05%. Currently the company’s common shares owned by public are about 135.72M shares, out of which, 131.08M shares are available for trading.
Stock saw a price change of 11.46% in past 5 days and over the past one month there was a price change of -13.03%. Year-to-date (YTD), ENPH shares are showing a performance of -19.21% which decreased to -39.16% 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 4.03 million. The stock is currently trading -3.85% below its 20-day simple moving average (SMA20), while that difference is down -7.41% for SMA50 and it goes to -5.44% 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 79.22% of that.
The stock has a current market capitalization of $14.52B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 55.31, while it has posted earnings per share of $1.93 in the same period. Its PEG reads 3.63 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 4.67% while standing at 4.86% over the month.
Stock’s fiscal year EPS is expected to drop by -36.93% while it is estimated to increase by 76.98% 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 HSBC Securities on June 10, 2024 offering a Buy rating for the stock and assigned a target price of $166 to it. Coverage by Barclays stated Enphase Energy Inc (ENPH) stock as an Overweight in their note to investors on April 26, 2024, suggesting a price target of $134 for the stock. On April 24, 2024, TD Cowen Reiterated their recommendations, while on April 24, 2024, Jefferies Downgrade their ratings for the stock with a price target of $111. Stock get a Sell rating from Guggenheim on April 24, 2024.
