Enphase Energy Inc [NASDAQ: ENPH] stock went on a downward path that fall over -3.31% on Wednesday, amounting to a one-week price decrease of less than -1.88%.
Over the last 12 months, ENPH stock dropped by -34.52%. The one-year Enphase Energy Inc stock forecast points to a potential upside of 17.25. The average equity rating for ENPH stock is currently 2.14, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $14.31 billion, with 135.72 million shares outstanding and 130.72 million shares in the current float. Compared to the average trading volume of 4.28M shares, ENPH stock reached a trading volume of 4352473 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $127.08 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 2.14. 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.
Barclays have made an estimate for Enphase Energy Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $140 to $145. The new note on the price target was released on April 24, 2024, representing the official price target for Enphase Energy Inc stock. Previously, the target price had yet another drop from $135 to $111, while Jefferies kept a Hold rating on ENPH stock.
The Average True Range (ATR) for Enphase Energy Inc is set at 6.59, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 7.83. The Price to Book ratio for the last quarter was 15.50, with the Price to Cash per share for the same quarter was set at 11.98. Price to Free Cash Flow for ENPH in the course of the last twelve months was 35.38 with Quick ratio for the last quarter at 3.78.
ENPH Stock Performance Analysis:
Enphase Energy Inc [ENPH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.88. With this latest performance, ENPH shares dropped by -7.39% in over the last four-week period, additionally plugging by 33.69% over the last 6 months – not to mention a drop of -34.52% 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 41.68, with the RSI for the last a single of trading hit 38.93, and the three-weeks RSI is set at 43.56 for Enphase Energy Inc [ENPH]. The present Moving Average for the last 50 days of trading for this stock 116.77, while it was recorded at 109.51 for the last single week of trading, and 118.19 for the last 200 days.
Insight into Enphase Energy Inc Fundamentals:
Enphase Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.78 and a Current Ratio set at 4.16.
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 18.35%.
Enphase Energy Inc [ENPH] Institutonal Ownership Details
The top three institutional holders of ENPH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ENPH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ENPH stock with ownership which is approximately 5.8386%.
