2 times Within The Past Five Days, Enphase Energy Inc. (ENPH) Hit A New High


Enphase Energy Inc. (NASDAQ:ENPH) finished Thursday with a subtraction of -$20.93 to close at $283.63, a downside of -6.87 percent. An average of 3,876,280 shares of common stock have been traded in the last five days. There was a fall of -$28.55 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 3,763,315 shares traded, while the 50-day average volume stands at 3,717,346.

ENPH stock has decreased by -0.62% in the last month. The company shares reached their 1-month lowest point of $271.75 on 09/01/22. With the stock rallying to its 52-week high on 09/08/22, shares of the company touched a low of $113.40 and a high of $324.84 in 52 weeks. It has reached a new high 23 times so far this year and achieved 55.04% or $100.69 in price. In spite of this, the price is down -12.69% from the 52-week high.

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Insider Transactions

10 days have passed since Enphase Energy Inc. (ENPH) last reported insider trading activity. Kothandaraman Badrinarayanan, who is President & CEO, most recently acquired $36,083 shares at $296.52 per share on Sep 13. In this transaction, the insider spent $10,699,271. President & CEO, Kothandaraman Badrinarayanan, disposed of 82,835 shares at a price of $301.02 on Sep 09. The insider now owns more than $24,934,670 worth of shares. Prior to that, EVP & Chief Commercial Officer RANHOFF DAVID A went on to Sale 5,369 shares at $293.03 each on Aug 10. An amount of $1,573,301 was transacted.

Valuation Metrics

Enphase Energy Inc. (ENPH) has a trailing price-to-earnings (P/E) ratio of 200.02. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 21.73, the price-to-book (PB) ratio at 84.92, and the price-to-cash flow ratio at 80.83.

Financial Health

The quick ratio of Enphase Energy Inc. for the three months ended June 29 was 3.30, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.66 and a total debt to equity ratio of 2.85 for the quarter ending June 29. Its gross profit as reported stood at $215.83 million compared to revenue of $1.38 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Enphase Energy Inc.’s return on assets was 9.00%.

Earnings Surprise

For the three-month period that ended June 29, Enphase Energy Inc. had $752.33 million in cash and short-term investments compared to $1.2 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $76.98 million in the quarter, while revenues of $51.82 million were grew 48.88%. The analyst consensus anticipated Enphase Energy Inc.’s latest quarter earnings to come in at $0.84 per share, but it turned out to be $1.07, a 27.40% surprise. For the quarter, EBITDA amounted to $109.28 million. Shareholders own equity worth $135.46 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Enphase Energy Inc. (ENPH) price momentum. RSI 9-day as of the close on 22 September was 36.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.06%.

As of today, ENPH’s price is $305.43 -9.15% or -$28.55 from its 5-day moving average. ENPH is currently trading -3.23% lower than its 20-day SMA and +75.73% higher than its 100-day SMA. However, the stock’s current price level is +47.24% above the SMA50 and +33.20% above the SMA200.

The stochastic %K and %D were 47.44% and 64.78%, respectively, and the average true range (ATR) was 17.30. With the 14-day stochastic at 18.44% and the average true range at 16.77, the RSI (14) stands at 43.95%. The stock has reached -10.63 on the 9-day MACD Oscillator while the 14-day reading was at -8.49.

Analyst Ratings

Guggenheim downgraded Enphase Energy Inc. (NASDAQ: ENPH) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.


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