Director Of Enphase Energy Inc. (ENPH) Has Sold 12,500 Of The Company’s Shares

The stock of Enphase Energy Inc. (NASDAQ:ENPH) decreased by -$0.14 on Wednesday to $193.15, down -0.07 percent. The last five days have seen an average of 2,522,973 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $11.08. The average number of shares traded over the last 20 days was 2,368,813, while the average volume over the last 50 days totaled 2,624,121.

ENPH stock appreciated 16.76% since last month. On 05/24/22, the company’s shares reached a one-month low of $159.60. The stock touched a high of $282.46 on 04/05/22, after rallying from a low of $113.40 in 52 weeks. The price of ENPH stock has risen by 5.66% or $11.08 this year, reaching a new high 12 times. Still, the stock price is down -31.62% from the 52-week high.

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Insider Transactions

There have been 7 days since Enphase Energy Inc. (ENPH) last reported insider trading activity on Jun 15. On Jun 15, Director Malchow Joseph Ian sold 12,500 shares at $188.00 each. This transaction resulted in the insider making $2,350,001. On Jun 10, Kothandaraman Badrinarayanan sold 77,700 shares at a price of US$196.42. After the transaction, the insider now owns 1,097,701 shares. Director Kortlang Benjamin John had earlier sold 25,000 shares on Jun 02 for $197.89 a share. The transaction was completed for $4,947,164.

Valuation Metrics

Enphase Energy Inc. (ENPH) has a trailing price-to-earnings (P/E) ratio of 166.49. Beta for the stock is 1.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 15.75, the price-to-book (PB) ratio of 78.57, and the price-to-cash flow ratio of 73.97.

Financial Health

For the three months ended March 30, Enphase Energy Inc.’s quick ratio was 3.20, while its current ratio was 3.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 3.62, and the total debt to equity ratio is 3.88. As far as profitability goes, gross margin for the trailing twelve months is 40.00% percent. Enphase Energy Inc.’s operating margin stood at 14.20% for the same period. Based on annual data, it had gross profit of $215.83 million and revenue of $1.38 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ENPH’s return on assets (ROA) during the last 12 months has been 7.60%. There was a 12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 33.20%.

Earnings Surprise

According to Enphase Energy Inc.’s quarterly financial report for the quarter that ended March 30, it had $1.2 billion in total debt versus $811.62 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $441.29 million, while revenues rose by 31.62% to $412.72 million. It was predicted that Enphase Energy Inc.’s quarterly earnings would be $0.79, but it ended up being $0.67, beating the consensus by 17.90%. EBITDA was $77.38 million for the quarter. At the end of Enphase Energy Inc.’s most recent quarter ended March 30, its liabilities totaled 1.93 billion, while its total debt was $1.31 billion. Equity owned by shareholders amounts to $135.03 million.

Technical Picture

Here’s a quick look at Enphase Energy Inc.’s (ENPH) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 55.67%, suggesting the stock is Neutral, with a 95.64% historical volatility rate.

The stochastic %K and %D were 46.91% and 37.53% respectively, while the average true range (ATR) was 14.52. Based on the 14-day stochastic reading of 53.58%, the RSI (14) reading is 54.94%. On the 9-day MACD Oscillator, the stock is at 3.51, and the 14-day reading is at -2.26.

Analyst Ratings

Analysts have assigned Enphase Energy Inc. (ENPH) an Overweight rating. ENPH is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 22 others recommend it as a buy.

What is ENPH’s price target for the next 12 months?

The current consensus forecast for the stock is between $165.00 and $307.00, with a median target price of $240.00. In analyzing these forecasts, the average price target given by analysts for Enphase Energy Inc. (ENPH) is $231.45.


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