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Enphase Energy Inc (ENPH) Analysis & Opinions from Experts

Enphase Energy Inc (NASDAQ: ENPH) is -13.05% lower on its value in year-to-date trading and has touched a low of $73.49 and a high of $141.63 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 $117.36 in the last trading session, with the day’s loss setting it -2.46%.

Currently trading at $114.90, the stock is 0.02% and 1.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing -2.10% at the moment leaves the stock -0.47% off its SMA200. ENPH registered -7.32% loss for a year compared to 6-month gain of -0.42%.

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The stock witnessed a -3.70% loss in the last 1 month and extending the period to 3 months gives it a 7.72%, and is 4.54% 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 5.73% over the week and 4.74% over the month.

Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $15.56B and $1.42B in sales. Current P/E ratio is 125.57 and Fwd P/E is 24.25. Profit margin for the company is 9.12%. Distance from 52-week low is 56.35% and -18.87% from its 52-week high. The company has generated returns on investments over the last 12 months (6.17%).

with sales reaching $393.73M over the same period.The EPS is expected to shrink by -42.27% this year, but quarterly earnings will post -39.00% year-over-year. Quarterly sales are estimated to shrink -28.60% in year-over-year returns.

Enphase Energy Inc (ENPH) Top Institutional Holders

1176.0 institutions hold shares in Enphase Energy Inc (ENPH), with institutional investors hold 90.47% of the company’s shares. The shares outstanding are 135.72M, and float is at 130.44M with Short Float at 11.18%. Institutions hold 87.47% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.14 million shares valued at $1.61 billion. The investor’s holdings represent 11.8737% of the ENPH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.39 million shares valued at $1.53 billion to account for 11.3219 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 6.29 million shares representing 4.6251% and valued at over $626.68 million, while STATE STREET CORP holds 4.3389 of the shares totaling 5.9 million with a market value of $587.91 million.

Enphase Energy Inc (ENPH) Insider Activity

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Still, SEC filings show that on Jun 17 ’24, RANHOFF DAVID A (EVP & Chief Commercial Officer) disposed off 5,000 shares at an average price of $123.27 for $0.62 million. The insider now directly holds 107,943 shares of Enphase Energy Inc (ENPH).

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