Enphase Energy Inc (ENPH): Street Finally Waking Up

Currently, there are 135.72M common shares owned by the public and among those 131.42M shares have been available to trade.

Insiders at the company have transacted a total of 58 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 1,697,068 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 244,212 shares.

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However, the script later moved the day high at 132.61, up 5.25%. The company’s stock has a 5-day price change of 31.80% and 70.59% over the past three months. ENPH shares are trading -2.45% year to date (YTD), with the 12-month market performance down to -38.50% lower. It has a 12-month low price of $73.49 and touched a high of $231.42 over the same period. ENPH has an average intraday trading volume of 1.32 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.60%, 13.03%, and -2.62% respectively.

Institutional ownership of Enphase Energy Inc (NASDAQ: ENPH) shares accounts for 76.65% of the company’s 135.72M shares outstanding.

It has a market capitalization of $17.60B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 42.05, while the earnings-per-share (ttm) stands at $3.07. The company has a PEG of 3.86 and a Quick Ratio of 4.19 with the debt-to-equity ratio at 1.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.83% over the week and 5.79% over the month.

Analysts forecast that Enphase Energy Inc (ENPH) will achieve an EPS of $ONCOLOGY PHARMA INC for the current quarter, $0.00 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Nephros, Inc. while analysts give the company a high EPS estimate of $ENPHASE ENERGY INC.DL-,01. Comparatively, EPS for the current quarter was $ENERGY HARBOR CORP a year ago. Earnings per share for the fiscal year are expected to decrease by -22.31%, and 59.08% over the next financial year.

Looking at the support for the ENPH, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on February 07, 2024, with the firm’s price target at $133.

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