Enphase Energy Inc (NASDAQ: ENPH) stock jumped 2.42% on Friday to $92.86 against a previous-day closing price of $90.67. With 3.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.55 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $92.96 whereas the lowest price it dropped to was $88.55. The 52-week range on ENPH shows that it touched its highest point at $339.92 and its lowest point at $73.49 during that stretch. It currently has a 1-year price target of $112.85. Beta for the stock currently stands at 1.56.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENPH was up-trending over the past week, with a rise of 19.08%, but this was down by -19.88% over a month. Three-month performance dropped to -28.66% while six-month performance fell -42.81%. The stock lost -69.57% in the past year, while it has lost -64.95% so far this year. A look at the trailing 12-month EPS for ENPH yields 3.97 with Next year EPS estimates of 4.47. For the next quarter, that number is 0.61. This implies an EPS growth rate of -1.56% for this year and -1.75% for next year.
Float and Shares Shorts:
At present, 136.44 million ENPH shares are outstanding with a float of 131.47 million shares on hand for trading. On Oct 30, 2023, short shares totaled 13.16 million, which was 9.64% higher than short shares on Sep 28, 2023. In addition to Mr. Badrinarayanan Kothandaraman as the firm’s President, CEO & Director, Ms. Mandy Yang serves as its VP & CFO.
Institutional Ownership:
Through their ownership of 79.40% of ENPH’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENPH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENPH analysts setting a high price target of $160.00 and a low target of $75.00, the average target price over the next 12 months is $112.85. Based on these targets, ENPH could surge 72.3% to reach the target high and fall by -19.23% to reach the target low. Reaching the average price target will result in a growth of 21.53% from current levels.
Summary of Insider Activity:
Insiders traded ENPH stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 82,600 shares were bought while 1,289 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 1,810,350 while 335,738 shares were sold.
