Enphase Energy Inc (NASDAQ: ENPH) Is On The Fall

Enphase Energy Inc (NASDAQ:ENPH) traded at $72.78 at last check on current trade day and made a downward move of -1.43% on its previous day’s price.

Looking at the stock we see that its previous close was $73.84 and the beta (5Y monthly) reads 1.767 with the day’s price range being $72.1 – $74.76. The company has a trailing 12-month PE ratio of 165.98. In terms of its 52-week price range, ENPH has a high of $141.63 and a low of $58.33. The company’s stock has gained about 14.51% over that past 30 days.

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Enphase Energy Inc has a market cap of $9.95 billion and is expected to release its quarterly earnings report in January.

On the other hand, looking at the outlook for the ENPH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 29 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Enphase Energy Inc (ENPH) stock as a Hold, while 22 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ENPH stock currently stands at 6.64, and the most recent price level today is 3.15% off its SMA20 and -7.59% from its 50-day simple moving average. The RSI (14) is pointing at 48.20 while the volatility over the past week is 3.91% and jumps to 5.17% over the past one month. The beta value is 1.67, while the average true range (ATR) is currently pointing at 3.61. The average price target for the stock over the next 12 months is $104, with the estimates having a low of $81 and a high of $144. These price ends are -11.29% and -97.86% off the today’s price level respectively, although investors could be excited at the prospect of a -42.9% if the ENPH share price touches on the median price of $104.

Coming back to Enphase Energy Inc (NASDAQ:ENPH), we note that the average 3-month trading volume was 4.49 million, while that of the preceding 10-day period stands at 2.74 million. Current shares outstanding are 135.08 million.

The insiders hold 4.01% of the company’s shares while institutions hold 87.49%. The data shows that short shares as of 2024-11-29, stood at 19.14 million at a short ratio of 3.0. This represents a 1905.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 15.84 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -44.92% down in year-to-date price movement.

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