While Enphase Energy Inc has underperformed by -0.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ENPH fell by -28.31%, with highs and lows ranging from $141.63 to $58.33, whereas the simple moving average fell by -30.17% in the last 200 days.
On November 08, 2024, HSBC Securities Downgraded Enphase Energy Inc (NASDAQ: ENPH) to Hold. A report published by Exane BNP Paribas on November 08, 2024, Downgraded its rating to ‘Neutral’ for ENPH. Jefferies also Downgraded ENPH shares as ‘Underperform’, setting a target price of $61 on the company’s shares in a report dated November 07, 2024. TD Cowen Reiterated the rating as Buy on October 23, 2024, but set its price target from $130 to $120. Janney October 23, 2024d its ‘Buy’ rating to ‘Neutral’ for ENPH, as published in its report on October 23, 2024. Guggenheim’s report from October 23, 2024 suggests a price prediction of $73 for ENPH shares, giving the stock a ‘Sell’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
Analysis of Enphase Energy Inc (ENPH)
Further, the quarter-over-quarter decrease in sales is -30.89%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Enphase Energy Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 6.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 4.54M can be a very valuable indicator of volatility for ENPH stock. On a monthly basis, the volatility of the stock is set at 5.39%, whereas on a weekly basis, it is put at 4.82%, with a gain of 1.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $95.32, showing growth from the present price of $74.23, which can serve as yet another indication of whether ENPH is worth investing in or should be passed over.
How Do You Analyze Enphase Energy Inc Shares?
The USA based company Enphase Energy Inc (ENPH) is one of the biggest names in Solar. When comparing Enphase Energy Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 169.28, there is a growth in quarterly earnings of -59.30%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ENPH shares are owned by institutional investors to the tune of 87.49% at present.
