Enphase Energy Inc (ENPH) is expecting -23.24% growth in the next quarter: What can investors do to maximize their returns?

A new trading day began on November 20, 2023, with Enphase Energy Inc (NASDAQ: ENPH) stock priced at $93.55, up 6.07% from the previous day of trading. During the day, the shares moved up to $98.78 and dropped to $91.64 before settling in for the closing price of $92.86. ENPH’s price has ranged from $73.49 to $339.92 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 55.82%. Meanwhile, its annual earnings per share averaged -1.85%. With a float of $131.47 million, this company’s outstanding shares have now reached $136.44 million.

Considering the fact that the conglomerate employs 2821 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +41.14, operating margin of +19.42, and the pretax margin is +19.39.

Enphase Energy Inc (ENPH) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Enphase Energy Inc is 3.72%, while institutional ownership is 73.89%. The most recent insider transaction that took place on Nov 16, was worth 100,873. In this transaction President & CEO of this company bought 1,118 shares at a rate of $90.23, taking the stock ownership to the 1,272,015 shares. Before that another transaction happened on Sep 14, when Company’s Director bought 32,600 for $122.76, making the entire transaction worth $4,001,927. This insider now owns 85,200 shares in total.

Enphase Energy Inc (ENPH) Earnings and Forecasts

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $1.02 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +17.05 while generating a return on equity of 63.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.6 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -1.85% per share during the next fiscal year.

Enphase Energy Inc (NASDAQ: ENPH) Trading Performance Indicators

Here are Enphase Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96. Likewise, its price to free cash flow for the trailing twelve months is 16.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.97, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 4.43 in one year’s time.

Technical Analysis of Enphase Energy Inc (ENPH)

Compared to the last year’s volume of 4.26 million, its volume of 6.35 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 81.83%. Additionally, its Average True Range was 6.01.

During the past 100 days, Enphase Energy Inc’s (ENPH) raw stochastic average was set at 21.06%, which indicates a significant decrease from 98.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.24% in the past 14 days, which was higher than the 61.48% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $105.71, while its 200-day Moving Average is $158.87. Nevertheless, the first resistance level for the watch stands at $100.97 in the near term. At $103.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $108.11. If the price goes on to break the first support level at $93.83, it is likely to go to the next support level at $89.17. Should the price break the second support level, the third support level stands at $86.69.

Enphase Energy Inc (NASDAQ: ENPH) Key Stats

With a market capitalization of 13.45 billion, the company has a total of 136,551K Shares Outstanding. Currently, annual sales are 2,331 M while annual income is 397,360 K. The company’s previous quarter sales were 551,080 K while its latest quarter income was 113,950 K.


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