Enphase Energy Inc (NASDAQ: ENPH) is -54.53% lower on its value in year-to-date trading and has touched a low of $62.50 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 $63.66 in the last trading session, with the day’s loss setting it -3.57%.
Currently trading at $60.09, the stock is -26.43% and -38.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.54 million and changing -5.61% at the moment leaves the stock -45.98% off its SMA200. ENPH registered -22.94% loss for a year compared to 6-month loss of -48.69%. The firm has a 50-day simple moving average (SMA 50) of $99.3326 and a 200-day simple moving average (SMA200) of $111.4801.
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The stock witnessed a -40.78% gain in the last 1 month and extending the period to 3 months gives it a -45.94%, and is -33.19% 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 7.01% over the week and 5.03% over the month.
Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $8.12B and $1.25B in sales. Current P/E ratio is 137.04 and Fwd P/E is 15.92. Profit margin for the company is 4.91%. Distance from 52-week low is -3.86% and -57.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
The EPS is expected to shrink by -50.29% this year.
Enphase Energy Inc (ENPH) Top Institutional Holders
1167.0 institutions hold shares in Enphase Energy Inc (ENPH), with institutional investors hold 91.05% of the company’s shares. The shares outstanding are 135.72M, and float is at 130.14M with Short Float at 12.17%. Institutions hold 88.01% 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).
