On Monday, Enphase Energy Inc (NASDAQ: ENPH) opened lower -3.89% from the last session, before settling in for the closing price of $117.02. Price fluctuations for ENPH have ranged from $73.49 to $231.42 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 53.38% annually for the last half of the decade. Company’s average yearly earnings per share was noted -24.88% at the time writing. With a float of $130.35 million, this company’s outstanding shares have now reached $135.72 million.
In an organization with 3157 employees, it is important to assess its efficiency.
Enphase Energy Inc (ENPH) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Enphase Energy Inc is 3.99%, while institutional ownership is 75.64%. The most recent insider transaction that took place on Mar 15 ’24, was worth 544,425. In this transaction EVP & Chief Commercial Officer of this company sold 5,000 shares at a rate of $108.89, taking the stock ownership to the 124,948 shares. Before that another transaction happened on Feb 27 ’24, when Company’s President & CEO bought 4,000 for $120.54, making the entire transaction worth $482,154. This insider now owns 1,655,171 shares in total.
Enphase Energy Inc (ENPH) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 108.50 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.88% per share during the next fiscal year.
Enphase Energy Inc (NASDAQ: ENPH) Trading Performance Indicators
Check out the current performance indicators for Enphase Energy Inc (ENPH). In the past quarter, the stock posted a quick ratio of 4.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.67. Likewise, its price to free cash flow for the trailing twelve months is 26.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.07, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 5.41 in one year’s time.
Technical Analysis of Enphase Energy Inc (ENPH)
Let’s dig in a bit further. During the last 5-days, its volume was 3.47 million. That was inferior than the volume of 4.11 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 35.72%. Additionally, its Average True Range was 6.64.
During the past 100 days, Enphase Energy Inc’s (ENPH) raw stochastic average was set at 43.39%, which indicates a significant increase from 17.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.55% in the past 14 days, which was higher than the 62.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $119.17, while its 200-day Moving Average is $121.96. However, in the short run, Enphase Energy Inc’s stock first resistance to watch stands at $116.05. Second resistance stands at $119.63. The third major resistance level sits at $121.75. If the price goes on to break the first support level at $110.35, it is likely to go to the next support level at $108.22. The third support level lies at $104.64 if the price breaches the second support level.
Enphase Energy Inc (NASDAQ: ENPH) Key Stats
There are currently 135,989K shares outstanding in the company with a market cap of 15.27 billion. Presently, the company’s annual sales total 2,291 M according to its annual income of 438,940 K. Last quarter, the company’s sales amounted to 302,570 K and its income totaled 20,920 K.
