Enphase Energy Inc. [NASDAQ: ENPH] price surged by 7.67 percent to reach at $16.02. The company report on April 11, 2023 that Enphase Energy Announces Conference Call to Review First Quarter 2023 Financial Results Tuesday, April 25, 2023 at 4:30 p.m. Eastern Time.
A sum of 7475738 shares traded at recent session while its average daily volume was at 4.09M shares. Enphase Energy Inc. shares reached a high of $229.24 and dropped to a low of $214.78 until finishing in the latest session at $224.92.
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The one-year ENPH stock forecast points to a potential upside of 22.79. The average equity rating for ENPH stock is currently 2.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Enphase Energy Inc. [ENPH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENPH shares is $291.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENPH stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Enphase Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 17, 2023. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Buy. The new note on the price target was released on April 13, 2023, representing the official price target for Enphase Energy Inc. stock. Previously, the target price had yet another raise to $268, while Morgan Stanley analysts kept a Equal-Weight rating on ENPH stock.
The Average True Range (ATR) for Enphase Energy Inc. is set at 11.04, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 13.27. The Price to Book ratio for the last quarter was 37.12, with the Price to Cash per share for the same quarter was set at 11.73. Price to Free Cash Flow for ENPH in the course of the last twelve months was 44.28 with Quick ratio for the last quarter at 3.30.
ENPH Stock Performance Analysis:
Enphase Energy Inc. [ENPH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.87. With this latest performance, ENPH shares gained by 11.84% in over the last four-week period, additionally sinking by -9.56% over the last 6 months – not to mention a rise of 16.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENPH stock in for the last two-week period is set at 63.06, with the RSI for the last a single of trading hit 71.16, and the three-weeks RSI is set at 57.60 for Enphase Energy Inc. [ENPH]. The present Moving Average for the last 50 days of trading for this stock 207.52, while it was recorded at 207.28 for the last single week of trading, and 256.19 for the last 200 days.
Insight into Enphase Energy Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Enphase Energy Inc. [ENPH] shares currently have an operating margin of +19.42 and a Gross Margin at +41.14. Enphase Energy Inc.’s Net Margin is presently recorded at +17.05.
Return on Total Capital for ENPH is now 24.99, given the latest momentum, and Return on Invested Capital for the company is 23.12. Return on Equity for this stock inclined to 63.29, with Return on Assets sitting at 15.39. When it comes to the capital structure of this company, Enphase Energy Inc. [ENPH] has a Total Debt to Total Equity ratio set at 159.26. Additionally, ENPH Total Debt to Total Capital is recorded at 61.43, with Total Debt to Total Assets ending up at 42.63. Long-Term Debt to Equity for the company is recorded at 147.60, with the Long-Term Debt to Total Capital now at 56.93.
Reflecting on the efficiency of the workforce at the company, Enphase Energy Inc. [ENPH] managed to generate an average of $140,859 per employee. Receivables Turnover for the company is 5.62 with a Total Asset Turnover recorded at a value of 0.90.Enphase Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.50.
ENPH Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENPH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enphase Energy Inc. go to 20.05%.
Enphase Energy Inc. [ENPH] Insider Position Details
There are presently around $21,353 million, or 81.20% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: VANGUARD GROUP INC with ownership of 15,686,222, which is approximately 1.942% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 14,133,742 shares of the stock with an approximate value of $2.95 billion in ENPH stocks shares; and STATE STREET CORP, currently with $1.08 billion in ENPH stock with ownership of nearly -1.306% of the company’s market capitalization.
Positions in Enphase Energy Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 522 institutional holders increased their position in Enphase Energy Inc. [NASDAQ:ENPH] by around 10,182,044 shares. Additionally, 418 investors decreased positions by around 9,259,609 shares, while 93 investors held positions by with 82,773,764 shares. The mentioned changes placed institutional holdings at 102,215,417 shares, according to the latest SEC report filing. ENPH stock had 157 new institutional investments in for a total of 1,654,139 shares, while 89 institutional investors sold positions of 623,591 shares during the same period.