Enphase Energy Inc (NASDAQ: ENPH) is -53.56% lower on its value in year-to-date trading and has touched a low of $58.33 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 $62.40 in the last trading session, with the day’s loss setting it -1.04%.
Currently trading at $61.36, the stock is -17.19% and -34.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.26 million and changing -1.67% at the moment leaves the stock -44.32% off its SMA200. ENPH registered -33.92% loss for a year compared to 6-month loss of -44.97%. The firm has a 50-day simple moving average (SMA 50) of $94.456 and a 200-day simple moving average (SMA200) of $110.37565.
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The stock witnessed a -32.14% gain in the last 1 month and extending the period to 3 months gives it a -48.57%, and is 2.11% 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 7.05% over the week and 5.73% over the month.
Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $8.29B and $1.25B in sales. Current P/E ratio is 139.93 and Fwd P/E is 16.27. Profit margin for the company is 4.91%. Distance from 52-week low is 5.19% and -56.68% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
with sales reaching $380.9M over the same period.The EPS is expected to shrink by -50.29% this year, but quarterly earnings will post -41.86% year-over-year. Quarterly sales are estimated to grow 25.89% in year-over-year returns.
Enphase Energy Inc (ENPH) Top Institutional Holders
1175.0 institutions hold shares in Enphase Energy Inc (ENPH), with institutional investors hold 93.69% of the company’s shares. The shares outstanding are 135.72M, and float is at 129.69M with Short Float at 12.22%. Institutions hold 90.57% 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
The most recent transaction is an insider purchase by Kothandaraman Badrinarayanan, the company’s President & CEO. SEC filings show that Kothandaraman Badrinarayanan bought 5,000 shares of the company’s common stock on Nov 14 ’24 at a price of $60.38 per share for a total of $0.3 million. Following the purchase, the insider now owns 1.59 million shares.
Still, SEC filings show that on Aug 15 ’24, DAVID A RANHOFF (Officer) Proposed Sale 5,000 shares at an average price of $113.30 for $0.57 million. The insider now directly holds shares of Enphase Energy Inc (ENPH).
