Enphase Energy Inc (NASDAQ: ENPH): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Enphase Energy Reports Financial Results for the Fourth Quarter of 2023.

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Stocks Info

ENPH belongs to the Technology sector of the NASDAQ while operating in the Solar industry. The current market capitalization of Enphase Energy Inc is $15.96B. A total of 7.15 million shares were traded on the day, compared to an average of 5.08M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ENPH has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,118 and the disposition of 1,964 shares. Over the last 12 months, there were 35 BUYs and 23 SELLs from insiders. Insiders purchased 1,697,068 shares during that period but sold 244,212.

In the most recent transaction, Kothandaraman Badrinarayanan bought 1,118 shares of ENPH for 90.23 per share on Nov 16. After the transaction, the President & CEO now owns 1,272,015 company shares. In a previous transaction on Sep 14, Rodgers Thurman J bought 32,600 shares at 122.76 per share. ENPH shares that Director owns now total 85,200.

Among the insiders who sold shares, RANHOFF DAVID A disposed of 1,791 shares on May 30 at a per-share price of $175.10. This resulted in the EVP & Chief Commercial Officer holding 82,644 shares of ENPH after the transaction. In another insider transaction, MORA RICHARD sold 1,500 shares at $165.92 per share on May 26. Company shares held by the Director now total 3,126.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ENPH in the last 3 months, the mean price target is $127.75 with high estimates of $173.00 and low estimates of $69.00. In terms of 52-week highs and lows, ENPH has a high of $247.00 and a low of $73.49.

As of this writing, ENPH has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.16. The company reported an EPS of $1.02 in the last quarter, which was 1.00% higher than expectations of $1.01.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ENPH’s latest balance sheet shows that the firm has $1.02B in Cash & Short Term Investments as of fiscal 2021. There were $1.04B in debt and $439.80M in liabilities at the time. Its Book Value Per Share was $7.43, while its Total Shareholder’s Equity was $430.17M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ENPH is Buy with a score of 4.09.

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