Enlight Renewable Energy Stock Price on November 19, 2024
| ENLT Stock | 16.01 0.24 1.48% |
If you're considering investing in Enlight Stock, it is important to understand the factors that can impact its price. As of today, the current price of Enlight Renewable stands at 16.01, as last reported on the 22nd of November, with the highest price reaching 16.11 and the lowest price hitting 15.62 during the day. Enlight Renewable Energy secures Sharpe Ratio (or Efficiency) of -0.0079, which denotes the company had a -0.0079% return per unit of risk over the last 3 months. Enlight Renewable Energy exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enlight Renewable's Coefficient Of Variation of 3806.19, mean deviation of 2.1, and Downside Deviation of 3.42 to check the risk estimate we provide.
At this time, Enlight Renewable's Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock is likely to gain to about 5.1 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 615.7 M in 2024. . At this time, Enlight Renewable's Price To Sales Ratio is comparatively stable compared to the past year. Price Sales Ratio is likely to gain to 10.19 in 2024, whereas Price Earnings Ratio is likely to drop 79.94 in 2024. Enlight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Enlight |
Sharpe Ratio = -0.0079
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| Negative Returns | ENLT |
Estimated Market Risk
| 2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Enlight Renewable is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enlight Renewable by adding Enlight Renewable to a well-diversified portfolio.
Price Book 1.5668 | Enterprise Value Ebitda 16.7137 | Price Sales 6.1731 | Shares Float 116.2 M | Wall Street Target Price 19.4 |
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Enlight Renewable Valuation on November 19, 2024
It is possible to determine the worth of Enlight Renewable on a given historical date. On November 19, 2024 Enlight was worth 16.01 at the beginning of the trading date compared to the closed value of 16.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Enlight Renewable stock. Still, in general, we apply an absolute valuation method to find Enlight Renewable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Enlight Renewable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Enlight Renewable's related companies.
| Open | High | Low | Close | Volume | |
| 16.43 | 16.48 | 16.13 | 16.40 | 9,867 | |
11/19/2024 | 16.01 | 16.31 | 16.01 | 16.31 | 4,210 |
| 16.07 | 16.30 | 14.95 | 16.25 | 4,645 |
| Backtest Enlight Renewable | | | Enlight Renewable History | | | Enlight Renewable Valuation | Previous | Next |
Enlight Renewable Trading Date Momentum on November 19, 2024
| On November 20 2024 Enlight Renewable Energy was traded for 16.25 at the closing time. The top price for the day was 16.30 and the lowest listed price was 14.95 . The trading volume for the day was 4.6 K. The trading history from November 20, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.37% . The overall trading delta against the current closing price is 4.23% . |
Enlight Renewable Energy Fundamentals Correlations and Trends
By evaluating Enlight Renewable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Enlight Renewable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Enlight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Enlight Renewable Stock history
Enlight Renewable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Enlight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Enlight Renewable Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Enlight Renewable stock prices may prove useful in developing a viable investing in Enlight Renewable
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 123.9 M | 130.1 M | |
| Net Income Applicable To Common Shares | 28.5 M | 29.9 M |
Enlight Renewable Stock Technical Analysis
Enlight Renewable technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Enlight Renewable Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Enlight Renewable Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Enlight Renewable November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Enlight Renewable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enlight Renewable shares will generate the highest return on investment. By undertsting and applying Enlight Renewable stock market strength indicators, traders can identify Enlight Renewable Energy entry and exit signals to maximize returns
Enlight Renewable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enlight Renewable's price direction in advance. Along with the technical and fundamental analysis of Enlight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enlight to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.0923 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.21) |
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Additional Tools for Enlight Stock Analysis
When running Enlight Renewable's price analysis, check to measure Enlight Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enlight Renewable is operating at the current time. Most of Enlight Renewable's value examination focuses on studying past and present price action to predict the probability of Enlight Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Renewable's price. Additionally, you may evaluate how the addition of Enlight Renewable to your portfolios can decrease your overall portfolio volatility.