Stick With Enphase Energy Inc (ENPH). The Bull Are Alive And Well

Currently, there are 135.72M common shares owned by the public and among those 130.14M shares have been available to trade.

The company’s stock has a 5-day price change of -27.21% and -43.42% over the past three months. ENPH shares are trading -51.82% year to date (YTD), with the 12-month market performance down to -15.75% lower. It has a 12-month low price of $65.66 and touched a high of $141.63 over the same period. ENPH has an average intraday trading volume of 3.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.56%, -35.91%, and -42.90% respectively.

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Institutional ownership of Enphase Energy Inc (NASDAQ: ENPH) shares accounts for 85.21% of the company’s 135.72M shares outstanding.

It has a market capitalization of $8.04B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 145.18, while the earnings-per-share (ttm) stands at $0.44. The company has a PEG of 12.10 and a Quick Ratio of 3.88 with the debt-to-equity ratio at 1.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.98% over the week and 4.82% over the month.

Earnings per share for the fiscal year are expected to decrease by -50.29%, and 72.23% over the next financial year.

Looking at the support for the ENPH, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on November 08, 2024, with the firm’s price target at $81. Exane BNP Paribas coverage for the Enphase Energy Inc (ENPH) stock in a research note released on November 08, 2024 offered a Neutral rating with a price target of $88. Jefferies was of a view on November 07, 2024 that the stock is Underperform, while TD Cowen gave the stock Buy rating on October 23, 2024, issuing a price target of $130- $120. Janney on their part issued Neutral rating on October 23, 2024.

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