Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 122,900 shares, a growth of 47.4% from the February 13th total of 83,400 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is currently 6.8 days. Approximately 0.1% of the company’s shares are sold short.
Enlight Renewable Energy Stock Down 1.1 %
Enlight Renewable Energy stock traded down $0.19 during mid-day trading on Friday, reaching $17.01. The stock had a trading volume of 1,547 shares, compared to its average volume of 14,507. The firm has a market capitalization of $1.97 billion, a PE ratio of 47.25 and a beta of 1.38. Enlight Renewable Energy has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. The stock’s 50-day simple moving average is $16.82 and its 200-day simple moving average is $16.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22.
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.17. The firm had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. On average, sell-side analysts forecast that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.
Institutional Trading of Enlight Renewable Energy
Analyst Ratings Changes
ENLT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Barclays lifted their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Wolfe Research cut shares of Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a “buy” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.25.
View Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Company Profile
Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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