Is There More Upside Ahead For Enphase Energy Inc (NASDAQ: ENPH)

Enphase Energy Inc (ENPH) concluded trading on Wednesday at a closing price of $119.74, with 4.1 million shares of worth about $490.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.69% during that period and on September 18, 2024 the price saw a gain of about 1.02%. Currently the company’s common shares owned by public are about 135.72M shares, out of which, 130.44M shares are available for trading.

Stock saw a price change of 8.27% in past 5 days and over the past one month there was a price change of 0.03%. Year-to-date (YTD), ENPH shares are showing a performance of -9.38% which increased to 2.20% 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 $141.63 during that period. The average intraday trading volume for Enphase Energy Inc shares is 3.43 million. The stock is currently trading 4.27% above its 20-day simple moving average (SMA20), while that difference is up 6.57% for SMA50 and it goes to 3.85% higher than SMA200.

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Enphase Energy Inc (NASDAQ: ENPH) currently have 135.72M outstanding shares and institutions hold larger chunk of about 84.70% of that.

The stock has a current market capitalization of $16.22B and its 3Y-monthly beta is at 1.73. PE ratio of stock for trailing 12 months is 130.86, while it has posted earnings per share of $0.92 in the same period. Its PEG reads 8.78 and has Quick Ratio of 3.90 while making debt-to-equity ratio of 1.49. 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 5.11% while standing at 4.49% over the month.

Stock’s fiscal year EPS is expected to drop by -42.20% while it is estimated to increase by 87.81% in next year.

Coverage by Exane BNP Paribas stated Enphase Energy Inc (ENPH) stock as an Outperform in their note to investors on August 07, 2024, suggesting a price target of $144 for the stock. On July 24, 2024, Canaccord Genuity Reiterated their recommendations, while on June 10, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $166. Stock get an Overweight rating from Barclays on April 26, 2024.

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