Enphase Energy Inc. (NASDAQ: ENPH) is -16.01% lower on its value in year-to-date trading and has touched a low of $113.40 and a high of $339.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENPH stock was last observed hovering at around $222.97 in the last trading session, with the day’s loss setting it -0.43% off its average median price target of $326.00 for the next 12 months. It is also 41.28% off the consensus price target high of $379.00 offered by 32 analysts, but current levels are 8.04% higher than the price target low of $242.00 for the same period.
Currently trading at $222.54, the stock is -13.94% and -23.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.09 million and changing -0.19% at the moment leaves the stock -10.05% off its SMA200. ENPH registered 65.36% gain for a year compared to 6-month gain of 1.26%.
The stock witnessed a -27.04% loss in the last 1 month and extending the period to 3 months gives it a -8.49%, and is -7.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.69% over the week and 5.94% over the month.
Enphase Energy Inc. (ENPH) has around 2260 employees, a market worth around $30.31B and $2.02B in sales. Current P/E ratio is 108.56 and Fwd P/E is 42.03. Profit margin for the company is 14.70%. Distance from 52-week low is 96.24% and -34.53% from its 52-week high. The company has generated returns on investments over the last 12 months (12.50%).
Enphase Energy Inc. (ENPH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enphase Energy Inc. (ENPH) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.10, where 9 rate it as a Hold and 2 think it is a “Overweight”. 20 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enphase Energy Inc. is expected to release its quarterly report on 04/26/2023.The EPS is expected to grow by 7.80% this year.
Enphase Energy Inc. (ENPH) Top Institutional Holders
The shares outstanding are 135.63M, and float is at 133.17M with Short Float at 3.66%.
Enphase Energy Inc. (ENPH) Insider Activity
A total of 105 insider transactions have happened at Enphase Energy Inc. (ENPH) in the last six months, with sales accounting for 99 and purchases happening 6 times. The most recent transaction is an insider sale by Kothandaraman Badrinarayanan,the company’sPresident & CEO. SEC filings show that Kothandaraman Badrinarayanan sold 36,327 shares of the company’s common stock on Dec 14 at a price of $327.65 per share for a total of $11.9 million. Following the sale, the insider now owns 1.13 million shares.
Enphase Energy Inc. disclosed in a document filed with the SEC on Dec 13 that McNeil Jeff (EVP & Chief Operating Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Dec 13 and was made at $326.42 per share for $4.9 million. Following the transaction, the insider now directly holds 15000.0 shares of the ENPH stock.
Still, SEC filings show that on Dec 09, Kothandaraman Badrinarayanan (President & CEO) disposed off 82,347 shares at an average price of $317.48 for $26.14 million. The insider now directly holds 1,167,786 shares of Enphase Energy Inc. (ENPH).
Enphase Energy Inc. (ENPH): Who are the competitors?
The company’s main competitors (and peers) include Suncor Energy Inc. (SU) that is trading 16.38% up over the past 12 months and Eaton Corporation plc (ETN) that is -4.82% lower over the same period. TE Connectivity Ltd. (TEL) is -22.15% down on the 1-year trading charts.