A Peek At What Enphase Energy Inc. (ENPH) Insiders Are Doing

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Enphase Energy Inc. (NASDAQ:ENPH) saw an upside of 2.65% to close Monday at $228.44 after adding $5.9 on the day. The 5-day average trading volume is 5,040,000 shares of the company’s common stock. It has gained $260.98 in the past week and touched a new high 1 time within the past 5 days. An average of 3,996,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,734,430.

ENPH’s 1-month performance is -24.38% or -$65.51 on its low of $217.97 reached on 01/23/23. The company’s shares have touched a 52-week low of $113.40 and high of $339.92, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, ENPH has lost -13.78% or -$36.52 and has reached a new high 1 time. However, the current price is down -32.80% from the 52-week high price.


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Insider Transactions

ENPH stock investors last saw insider trading activity on Dec 14.Kothandaraman Badrinarayanan (President & CEO) most recently sold 36,327 shares at $327.65 per share on Dec 14. This transaction cost the insider $11,902,454. EVP & Chief Operating Officer, McNeil Jeff, sold 15,000 shares at a price of $326.42 on Dec 13. Then, on Dec 09, President & CEO Kothandaraman Badrinarayanan sold 82,347 shares at a price of $317.48 per share. This transaction amounted to $26,143,358.

Valuation Metrics

ENPH stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.41 while the price-to-book (PB) in the most recent quarter is 50.76, with the price to cash flow ratio at 57.07.

Enphase Energy Inc.’s quick ratio for the period ended September 29 was 3.30, with the current ratio over the same period at 3.60. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.96, while the total debt to equity was 2.11. In terms of profitability, the gross margin trailing 12 months is 41.00%. The firm’s gross profit as reported stood at $215.83 million against revenue of $1.38 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Enphase Energy Inc.’s cash and short-term investments amounted to $1.08 billion against total debt of $1.31 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 81.0% to $114.81 million, while revenue of $76.98 million was 32.95% off the previous quarter. Analysts expected ENPH to announce $1.08 per share in earnings in its latest quarter, but it posted $1.25, representing a 15.70% surprise. EBITDA for the quarter stood at more than $149.49 million. ENPH stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.09 billion, with total debt at $1.31 billion. Shareholders hold equity totaling $135.92 million.

Let’s look briefly at Enphase Energy Inc. (ENPH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 33.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 67.95%.

The stock’s 5-day moving average is $235.06, reflecting a -7.07% or -$17.39 change from its current price. ENPH is currently trading -27.96% above its 20-day SMA, -19.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.43% and SMA200 by+8.15%.

Stochastic %K and %D was 8.28% and 19.17% and the average true range (ATR) pointed at 14.93. The RSI (14) points at 34.06%, while the 14-day stochastic is at 19.48% with the period’s ATR at 15.13. The stock’s 9-day MACD Oscillator is pointing at -12.19 and -13.81 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Enphase Energy Inc. (NASDAQ: ENPH), Daiwa Securities launched coverage with an Outperform rating. Analysts offering their rating for ENPH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ENPH as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 20 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $242.00 and a high of $379.00, with their median price target at $325.00. Looking at these predictions, the average price target given by analysts is for Enphase Energy Inc. (ENPH) stock is $325.60.

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