Spotting A Winner: Enphase Energy Inc (NASDAQ: ENPH) Retreats -14.92 And It Still Have Room To Run

Enphase Energy Inc (NASDAQ:ENPH) currently has a daily average trading volume of 2.90M but it saw 19746608 shares traded in last market. With a market cap of 10.63B USD, the company’s current market price of $78.47 came falling about -14.92 while comparing to the previous closing price of $92.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $141.63 and as low as $73.49. In the recent trading on the day, stock has struck highest price mark of $76.68 while lowest mark touched by it was $81.26.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Buy” in its note to investors issued on October 23, 2024, recommending a price target of between $130 and $120 for it. Guggenheim issued its recommendations for the stock as it downgraded the price target for the stock is $73.

Over the week, ENPH’s stock price is moving -15.74% down while it is -32.75% when we observe its performance for the past one month. Year-to-date it is -40.62% down and over the past year, the stock is showing a downside performance of -18.51%.

Currently, Enphase Energy Inc’s total number of outstanding shares is 135.72M. Company’s return on investment (ROI) stands at 2.85% and return on equity (ROE) at 6.31%. It has a price to earnings ratio (P/E ratio) of 178.95 while having a 19.95 of forward P/E ratio. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 11.38 while price to sale or P/S ratio amounts to 8.50. Its return on asset (ROA) is 1.80% on average.