Enphase Energy Inc [NASDAQ: ENPH] gained 4.84% or 2.88 points to close at $62.40 with a heavy trading volume of 7625229 shares.
The daily chart for ENPH points out that the company has recorded -45.00% loss over the past six months.
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If we look at the average trading volume of 3.94M shares, ENPH reached to a volume of 7625229 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $96.96 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 2.44. 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.
HSBC Securities have made an estimate for Enphase Energy Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 08, 2024. The new note on the price target was released on November 08, 2024, representing the official price target for Enphase Energy Inc stock. Previously, the target price had yet another drop from $93 to $61, while Jefferies kept a Underperform rating on ENPH stock. On October 23, 2024, analysts decreased their price target for ENPH shares from 130 to 120.
The Average True Range (ATR) for Enphase Energy Inc is set at 5.21, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 6.31. The Price to Book ratio for the last quarter was 9.05, with the Price to Cash per share for the same quarter was set at 13.96. Price to Free Cash Flow for ENPH in the course of the last twelve months was 23.48 with Quick ratio for the last quarter at 3.88.
Trading performance analysis for ENPH stock
Enphase Energy Inc [ENPH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.98. With this latest performance, ENPH shares dropped by -31.91% in over the last four-week period, additionally sinking by -45.00% over the last 6 months – not to mention a drop of -31.18% 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 30.39, with the RSI for the last a single of trading hit 31.26, and the three-weeks RSI is set at 31.34 for Enphase Energy Inc [ENPH]. The present Moving Average for the last 50 days of trading for this stock 94.46, while it was recorded at 61.19 for the last single week of trading, and 110.38 for the last 200 days.
Enphase Energy Inc [ENPH]: A deeper dive into fundamental analysis
Enphase Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.88 and a Current Ratio set at 4.16.
Enphase Energy Inc [ENPH]: An earnings per share (EPS) analysis
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 12.00%.
An analysis of Institutional ownership at Enphase Energy Inc [ENPH]
There are presently around $90.49%, or 93.61%% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: VANGUARD GROUP INC with ownership of 16.14 million shares, which is approximately 11.8737%. BLACKROCK INC., holding 15.39 million shares of the stock with an approximate value of $$1.53 billion in ENPH stocks shares; and BLACKROCK INC., currently with $$626.68 million in ENPH stock with ownership which is approximately 4.6251%.
