Enphase Energy Inc. [ENPH] Is Currently 1.29 below its 200 Period Moving Avg: What Dose This Mean?

Enphase Energy Inc. [NASDAQ: ENPH] jumped around 2.4 points on Tuesday, while shares priced at $188.81 at the close of the session, up 1.29%. The company report on June 29, 2021 that Enphase Launches Encharge® Battery Storage System In Germany.

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Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, announced the launch of its Encharge battery storage system in Germany, the product’s first expansion into a market outside of the United States.

The Encharge battery storage system offers configurations ranging from 3.5kWh to 42kWh, along with the option to upgrade and expand through the lifetime of the system. The introduction of battery storage to Enphase’s existing microinverter business in Germany will help meet installer and homeowner needs for a safe and reliable all-in-one solution. Homeowners can also use the Enphase Enlighten® mobile app to intelligently manage their solar energy in Self-Consumption Mode to minimize the use of electricity from the grid, which saves on energy bills.

Enphase Energy Inc. stock is now 7.60% up from its year-to-date (YTD) trading value. ENPH Stock saw the intraday high of $189.18 and lowest of $183.34 per share. The company’s 52-week high price is 229.04, which means current price is +73.41% above from all time high which was touched on 02/10/21.

Compared to the average trading volume of 3.11M shares, ENPH reached a trading volume of 2127333 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Enphase Energy Inc. [ENPH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENPH shares is $193.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENPH stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for Enphase Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 25, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on June 25, 2021, representing the official price target for Enphase Energy Inc. stock.

The Average True Range (ATR) for Enphase Energy Inc. is set at 7.33, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 28.91. The Price to Book ratio for the last quarter was 33.84, with the Price to Cash per share for the same quarter was set at 11.17. Price to Free Cash Flow for ENPH in the course of the last twelve months was 111.41 with Quick ratio for the last quarter at 5.10.

How has ENPH stock performed recently?

Enphase Energy Inc. [ENPH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.25. With this latest performance, ENPH shares gained by 40.17% in over the last four-week period, additionally plugging by 9.62% over the last 6 months – not to mention a rise of 276.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENPH stock in for the last two-week period is set at 75.63, with the RSI for the last a single of trading hit 80.08, and the three-weeks RSI is set at 69.92 for Enphase Energy Inc. [ENPH]. The present Moving Average for the last 50 days of trading for this stock 147.02, while it was recorded at 185.53 for the last single week of trading, and 147.66 for the last 200 days.

Enphase Energy Inc. [ENPH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Enphase Energy Inc. [ENPH] shares currently have an operating margin of +24.07 and a Gross Margin at +44.39. Enphase Energy Inc.’s Net Margin is presently recorded at +17.30.

Return on Total Capital for ENPH is now 30.44, given the latest momentum, and Return on Invested Capital for the company is 30.16. Return on Equity for this stock inclined to 35.44, with Return on Assets sitting at 14.01. When it comes to the capital structure of this company, Enphase Energy Inc. [ENPH] has a Total Debt to Total Equity ratio set at 72.44. Additionally, ENPH Total Debt to Total Capital is recorded at 42.01, with Total Debt to Total Assets ending up at 29.22. Long-Term Debt to Equity for the company is recorded at 4.15, with the Long-Term Debt to Total Capital now at 2.41.

Reflecting on the efficiency of the workforce at the company, Enphase Energy Inc. [ENPH] managed to generate an average of $157,641 per employee. Receivables Turnover for the company is 4.30 with a Total Asset Turnover recorded at a value of 0.81.Enphase Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.20.

Earnings analysis for Enphase Energy Inc. [ENPH]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENPH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enphase Energy Inc. go to 41.67%.

Insider trade positions for Enphase Energy Inc. [ENPH]

There are presently around $17,154 million, or 69.90% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: VANGUARD GROUP INC with ownership of 13,415,086, which is approximately 20.943% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 13,061,299 shares of the stock with an approximate value of $2.47 billion in ENPH stocks shares; and INVESCO LTD., currently with $947.71 million in ENPH stock with ownership of nearly 14.488% of the company’s market capitalization.

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Positions in Enphase Energy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 384 institutional holders increased their position in Enphase Energy Inc. [NASDAQ:ENPH] by around 16,157,260 shares. Additionally, 271 investors decreased positions by around 20,350,433 shares, while 44 investors held positions by with 54,345,287 shares. The mentioned changes placed institutional holdings at 90,852,980 shares, according to the latest SEC report filing. ENPH stock had 142 new institutional investments in for a total of 2,668,856 shares, while 78 institutional investors sold positions of 1,478,320 shares during the same period.

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