Enphase Energy Inc (NASDAQ: ENPH) on Friday, soared 3.37% from the previous trading day, before settling in for the closing price of $81.10. Within the past 52 weeks, ENPH’s price has moved between $73.49 and $141.63.
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Annual sales at Technology sector company grew by 53.38% over the past five years. The company achieved an average annual earnings per share of -49.79%. With a float of $130.14 million, this company’s outstanding shares have now reached $135.72 million.
Let’s look at the performance matrix of the company that is accounted for 3157 employees. In terms of profitability, gross margin is 45.64%, operating margin of 1.23%, and the pretax margin is 5.01%.
Enphase Energy Inc (ENPH) Insider and Institutional Ownership
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Enphase Energy Inc is 3.68%, while institutional ownership is 84.98%. The most recent insider transaction that took place on Sep 16 ’24, was worth 549,232. Before that another transaction happened on Aug 15 ’24, when Company’s Officer proposed sale 5,000 for $113.30, making the entire transaction worth $566,500.
Enphase Energy Inc (ENPH) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.54 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.55) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -49.79% per share during the next fiscal year.
Enphase Energy Inc (NASDAQ: ENPH) Trading Performance Indicators
Enphase Energy Inc (ENPH) is currently performing well based on its current performance indicators. A quick ratio of 3.88 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.06. Likewise, its price to free cash flow for the trailing twelve months is 33.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.44, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.86 in one year’s time.
Technical Analysis of Enphase Energy Inc (ENPH)
Enphase Energy Inc (NASDAQ: ENPH) saw its 5-day average volume 8.23 million, a positive change from its year-to-date volume of 3.82 million. As of the previous 9 days, the stock’s Stochastic %D was 18.55%. Additionally, its Average True Range was 5.04.
During the past 100 days, Enphase Energy Inc’s (ENPH) raw stochastic average was set at 11.01%, which indicates a significant decrease from 24.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.35% in the past 14 days, which was higher than the 62.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $108.35, while its 200-day Moving Average is $113.06. Nevertheless, the first resistance level for the watch stands at $85.57 in the near term. At $87.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $90.32. If the price goes on to break the first support level at $80.82, it is likely to go to the next support level at $77.81. The third support level lies at $76.07 if the price breaches the second support level.
Enphase Energy Inc (NASDAQ: ENPH) Key Stats
Market capitalization of the company is 11.33 billion based on 136,063K outstanding shares. Right now, sales total 2,291 M and income totals 438,940 K. The company made 380,870 K in profit during its latest quarter, and 45,760 K in sales during its previous quarter.
