Enphase Energy Inc (NASDAQ: ENPH) is -4.70% 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 $66.87 in the last trading session, with the day’s loss setting it -1.42%.
Currently trading at $65.45, the stock is -7.32% and -7.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.3 million and changing -2.12% at the moment leaves the stock -35.34% off its SMA200. ENPH registered -42.73% loss for a year compared to 6-month loss of -42.11%. The firm has a 50-day simple moving average (SMA 50) of $71.1686 and a 200-day simple moving average (SMA200) of $101.49855.
The stock witnessed a -11.83% gain in the last 1 month and extending the period to 3 months gives it a -35.18%, and is -8.31% 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 4.78% over the week and 4.93% over the month.
Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $8.84B and $1.25B in sales. Current P/E ratio is 149.26 and Fwd P/E is 17.90. Profit margin for the company is 4.91%. Distance from 52-week low is 12.21% and -53.79% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
with sales reaching $377.61M over the same period.The EPS is expected to shrink by -50.43% this year, but quarterly earnings will post -42.01% year-over-year. Quarterly sales are estimated to grow 24.80% in year-over-year returns.
Enphase Energy Inc (ENPH) Top Institutional Holders
1170.0 institutions hold shares in Enphase Energy Inc (ENPH), with institutional investors hold 95.66% of the company’s shares. The shares outstanding are 135.08M, and float is at 129.68M with Short Float at 15.51%. Institutions hold 92.47% 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
The most recent transaction is an insider purchase by Kothandaraman Badrinarayanan, the company’s President & CEO. SEC filings show that Kothandaraman Badrinarayanan bought 2,564 shares of the company’s common stock on Nov 19 ’24 at a price of $61.10 per share for a total of $0.16 million. Following the purchase, the insider now owns 1.59 million shares.
Enphase Energy Inc disclosed in a document filed with the SEC on Nov 20 ’24 that Kothandaraman Badrinarayanan (President & CEO) bought a total of 2,436 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $62.42 per share for $0.15 million. Following the transaction, the insider now directly holds 1.59 million shares of the ENPH stock.
Still, SEC filings show that on Nov 14 ’24, Kothandaraman Badrinarayanan (President & CEO) acquired 5,000 shares at an average price of $60.38 for $0.3 million. The insider now directly holds 1,589,696 shares of Enphase Energy Inc (ENPH).
