Before You Invest, Make Sure You Check This Enphase Energy Inc. (NASDAQ: ENPH) Analysis

Enphase Energy Inc. (NASDAQ:ENPH) traded at $314.80 at last check on Monday, September 19, made a downward move of -1.01% on its previous day’s price.

Looking at the stock we see that its previous close was $318.01 and the beta (5Y monthly) reads 1.36 with the day’s price range being $301.84 – $318.32. The company has a trailing 12-month PE ratio of 224.27. In terms of its 52-week price range, ENPH has a high of $324.84 and a low of $113.40. The company’s stock has gained about 8.49% over that past 30 days.

Enphase Energy Inc. has a market cap of $42.29 billion and is expected to release its quarterly earnings report on Apr 25, 2022 – Apr 29, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $1.03, with the EPS growth for the year raised at $3.96 for 2022 and $4.74 for next year. These figures represent 64.30% and 19.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $604.03 million, with a low of $524.06 million and a high of $629.18 million. The median projection represents growth squeezing down to 71.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $2.22 billion, or 60.40% up from figures reported last year.

There have been 19 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ENPH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 31 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Enphase Energy Inc. (ENPH) stock as a Hold, while 20 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight 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 6.96, and the most recent price level today is 5.87% off its SMA20 and 15.94% from its 50-day simple moving average. The RSI (14) is pointing at 60.44 while the volatility over the past week is 5.69% and jumps to 5.31% over the past one month. The beta value is 1.45, while the average true range (ATR) is currently pointing at 15.89. The average price target for the stock over the next 12 months is $290.88, with the estimates having a low of $194.00 and a high of $363.00. These price ends are 38.37% and -15.31% off the today’s price level respectively, although investors could be excited at the prospect of a 6.93% if the ENPH share price touches on the median price of $293.00.

Let’s briefly compare Enphase Energy Inc. (ENPH) stock to its peers. We find that today’s price change of -1.01% and 102.83% over the past 12 months for ENPH competes that of Suncor Energy Inc. (SU), which has seen its stock price rise 0.13% in the latest trading session and is 57.08% over the last one year. Another of its peers Eaton Corporation plc (ETN) has gained 1.16% today, and was -13.20% down over the past year, while TE Connectivity Ltd. (TEL) is also up 0.38% yet, while its price remains in the red at -14.65% over the same period. Enphase Energy Inc. has a P/E ratio of 224.27 compared to Suncor Energy Inc.’s 6.18 and Eaton Corporation plc’s 24.01. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.08% and 0.06%, respectively, in early deals.

Coming back to Enphase Energy Inc. (NASDAQ:ENPH), we note that the average 3-month trading volume was 3.49 million, while that of the preceding 10-day period stands at 4.48 million. Current shares outstanding are 135.20 million.

The insiders hold 1.30% of the company’s shares while institutions hold 76.20%. The data shows that short shares as of Jul 14, 2022, stood at 4.5 million at a short ratio of 1.51. This represents a 3.33% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 4.53 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 73.83% up in year-to-date price movement.

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