Enphase Energy Inc (NASDAQ: ENPH) is -3.54% 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 $63.91 in the last trading session, with the day’s gains setting it 2.34%.
Currently trading at $66.25, the stock is 1.95% and -3.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.92 million and changing 3.66% at the moment leaves the stock -32.04% off its SMA200. ENPH registered -37.17% loss for a year compared to 6-month loss of -37.02%. The firm has a 50-day simple moving average (SMA 50) of $68.6856 and a 200-day simple moving average (SMA200) of $97.7109.
The stock witnessed a -7.16% gain in the last 1 month and extending the period to 3 months gives it a -20.22%, and is 6.44% 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 5.65% over the week and 4.82% over the month.
Enphase Energy Inc (ENPH) has around 3157 employees, a market worth around $8.95B and $1.25B in sales. Current P/E ratio is 151.08 and Fwd P/E is 15.29. Profit margin for the company is 4.91%. Distance from 52-week low is 13.58% and -53.22% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
with sales reaching $340.91M over the same period.The EPS is expected to grow by 46.17% this year, but quarterly earnings will post 26.54% year-over-year. Quarterly sales are estimated to grow 29.46% in year-over-year returns.
Enphase Energy Inc (ENPH) Top Institutional Holders
1120.0 institutions hold shares in Enphase Energy Inc (ENPH), with institutional investors hold 95.37% of the company’s shares. The shares outstanding are 135.08M, and float is at 129.59M with Short Float at 15.87%. Institutions hold 92.12% 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).
