The key reasons why Enphase Energy Inc (ENPH) is -28.58% away from 52-week high?

Enphase Energy Inc (NASDAQ: ENPH) flaunted slowness of -4.72% at $109.68, before settling in for the price of $115.11 at the close. Taking a more long-term approach, ENPH posted a 52-week range of $73.49-$153.56.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The Technology Sector giants’ yearly sales growth during the last 5-year period was 53.38%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -41.56%. This publicly-traded company’s shares outstanding now amounts to $135.72 million, simultaneously with a float of $130.46 million. The organization now has a market capitalization sitting at $14.85 billion. At the time of writing, stock’s 50-day Moving Average stood at $115.13, while the 200-day Moving Average is $112.14.

Enphase Energy Inc (ENPH) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Enphase Energy Inc industry. Enphase Energy Inc’s current insider ownership accounts for 3.66%, in contrast to 81.61% institutional ownership. According to the most recent insider trade that took place on Jun 17 ’24, this organization’s EVP & Chief Commercial Officer sold 5,000 shares at the rate of 123.27, making the entire transaction reach 616,348 in total value, affecting insider ownership by 107,943. Preceding that transaction, on May 30 ’24, Company’s Director sold 5,188 for 129.60, making the whole transaction’s value amount to 672,346. This particular insider is now the holder of 1,979,374 in total.

Enphase Energy Inc (ENPH) Earnings and Revenue Records

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 1.02 earnings per share (EPS) during the time that was better the consensus figure (set at 1.01) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.95 per share during the current fiscal year.

Enphase Energy Inc’s EPS decrease for this current 12-month fiscal period is -41.56% and is forecasted to reach 4.76 in the upcoming year.

Enphase Energy Inc (NASDAQ: ENPH) Trading Performance Indicators

Let’s observe the current performance indicators for Enphase Energy Inc (ENPH). It’s Quick Ratio in the last reported quarter now stands at 3.90. The Stock has managed to achieve an average true range (ATR) of 6.95. Alongside those numbers, its PE Ratio stands at $119.87, and its Beta score is 1.70. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 10.46. Similarly, its price to free cash flow for trailing twelve months is now 50.07.

In the same vein, ENPH’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.92, a figure that is expected to reach 0.80 in the next quarter, and analysts are predicting that it will be 4.76 at the market close of one year from today.

Technical Analysis of Enphase Energy Inc (ENPH)

Now, what If we examine the latest scores posted by [Enphase Energy Inc, ENPH]. During the last 5-days, its volume was lower the volume of 4.18 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 44.00% While, its Average True Range was 7.26.

Raw Stochastic average of Enphase Energy Inc (ENPH) in the period of the previous 100 days is set at 31.17%, which indicates a major fall in contrast to 35.74% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 73.67% that was higher than 62.35% volatility it exhibited in the past 100-days period.