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What should you know before buying stock in Enphase Energy Inc (ENPH)

Enphase Energy Inc (NASDAQ: ENPH) is -21.61% lower on its value in year-to-date trading and has touched a low of $73.49 and a high of $192.22 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 $102.81 in the last trading session, with the day’s gains setting it 0.78%.

Currently trading at $103.59, the stock is -7.50% and -10.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.3 million and changing 0.76% at the moment leaves the stock -8.32% off its SMA200. ENPH registered -37.66% loss for a year compared to 6-month gain of -10.23%.

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The stock witnessed a -21.70% loss in the last 1 month and extending the period to 3 months gives it a -10.11%, and is 6.51% up 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 4.67% over the week and 4.97% over the month.

Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $14.09B and $1.83B in sales. Current P/E ratio is 53.67 and Fwd P/E is 21.04. Profit margin for the company is 15.10%. Distance from 52-week low is 40.96% and -46.11% from its 52-week high. The company has generated returns on investments over the last 12 months (12.89%).

The EPS is expected to shrink by -36.93% this year.

Enphase Energy Inc (ENPH) Top Institutional Holders

The shares outstanding are 135.72M, and float is at 131.08M with Short Float at 9.88%.

Enphase Energy Inc (ENPH) Insider Activity

The most recent transaction is an insider sale by RANHOFF DAVID A,the company’sEVP & Chief Commercial Officer. SEC filings show that RANHOFF DAVID A sold 5,000 shares of the company’s common stock on Jun 17 ’24 at a price of $123.27 per share for a total of $0.62 million. Following the sale, the insider now owns 0.11 million shares.

Enphase Energy Inc disclosed in a document filed with the SEC on May 30 ’24 that Rodgers Thurman J (Director) sold a total of 5,188 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $129.60 per share for $0.67 million. Following the transaction, the insider now directly holds 1.98 million shares of the ENPH stock.

Still, SEC filings show that on May 29 ’24, Rodgers Thurman J (Director) disposed off 319,526 shares at an average price of $126.53 for $40.43 million. The insider now directly holds 1,984,562 shares of Enphase Energy Inc (ENPH).

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