Enphase Energy, Inc. (ENPH) Stock: Here’s What’s Happening

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Enphase Energy, Inc. (ENPH) is trending down in the market today. The company, one that is focused on the technology industry, is presently priced at $9.19 after heading down -2.03% so far today. In terms of technology stocks, there are several factors that have the ability to lead to price movement in the market. News is one of the most common reasons for movement. Here are the most recent headlines associated with ENPH:

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Mar-23-19 10:05AM 2 Top Stocks Under $10
Mar-22-19 04:55PM Electron Capital Partners Return, AUM, and Holdings
11:49AM How Enphase Energy (ENPH) Stock Stands Out in a Strong Industry
Mar-20-19 08:00AM Cannabis and Clean Energy Work Together
Mar-18-19 09:00AM Panasonic Solar and Enphase Energy Announce Availability Date of High-Efficiency AC Modules

However, when making a decision with regard to investing, investors should look at far more than just news, especially in the ever changing technology sector. Here’s what’s happening with Enphase Energy, Inc..

The Performance That ENPH Investors Have Experienced

While a move toward the top in a single session, like the fall that we’re seeing from Enphase Energy, Inc. might lead to fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to look into trends further out than a single trading session. As it relates to ENPH, here are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – Over the past five trading sessions, ENPH has produced a price change amounting to 1.55%.
  • Past Month – The monthly performance from Enphase Energy, Inc. comes to 24.69%.
  • Past Three Months – In the last 3 months, the company has produced a return that comes to 77.07%
  • Bi-Annually – In the last 6 months, investors have seen a performance of 117.26% from the company.
  • Year To Date – Since the close of last year ENPH has produced a ROI of 94.29%.
  • Annually – Finally, in the past year, investors have seen performance that comes to 95.12% out of ENPH. Over this period, the stock has sold at a high price of -5.26% and a low price of 148.38%.

Ratios Of Note

Digging into various key ratios having to do with a stock can give investors an understanding of just how risky and/or rewarding a pick might be. Here are a few of the key ratios to consider when digging into ENPH.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is headed for declines. In general, strong technology stocks can come with a lower short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, in relation to Enphase Energy, Inc., the stock’s short ratio amounts to 12.30.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature using current assets or quick assets. Because in tech, companies are reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. Nonetheless, quite a few good picks in the technology space do have strong current and quick ratios. In terms of ENPH, the quick and current ratios come to 1.40 and 1.60 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this case, the book to share value ratio works out to 0.04.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In the case of ENPH, the cash to share value is 1.05.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ENPH, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors hold 48.50% of Enphase Energy, Inc.. Nonetheless, it is worth mentioning that the ownership held by institutions has changed in the amount of 9.36% throughout the last quarter.
  • Insiders – as it relates to insiders, members of the management team and others close to ENPH currently own 1.10% of the company. Insider ownership of the company has seen a change of -9.31% in the last 3 months.

What Analysts Think About Enphase Energy, Inc.

While it’s never a smart idea to blindly follow the opinions of analysts, it is a good idea to use their opinions when validating your own thoughts when it comes to making an investment decision in the tech sector. Here are the recent moves that we’ve seen from analysts as it relates to ENPH.

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Mar-19-19 Downgrade Raymond James Mkt Perform → Underperform
Feb-28-19 Reiterated H.C. Wainwright Buy $9 → $12
Jun-05-18 Reiterated Craig Hallum Buy $6 → $8
May-16-18 Initiated H.C. Wainwright Buy $8
Mar-27-18 Initiated B. Riley FBR, Inc. Buy $6

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.44. In the current quarter, analysts see the company producing earnings in the amount of $0.03. Over the last 5 years, ENPH has generated revenue in the amount of $5.70% with earnings coming in at 36.00%. On a quarter over quarter basis, earnings have seen movement of 58.20% and revenue has seen movement of 1.30%.

What You Need To Know About Share Counts

Investors and traders seem to be interested in the amounts of shares both available and outstanding. As it relates to Enphase Energy, Inc., there are currently 110.21M and there is a float of 76.29M. These data mean that of the total of 110.21M shares of ENPH currently in existence today, 76.29M are able to trade hands on the public market.

I also find it important to dig into the short float. After all, if a large percentage of the float available for trading is shorted, the overall feeling among traders is that the company is going to lose value. As far as it relates to ENPH, the percentage of the float that is currently being sold short is 32.47%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. In my research, I’ve calculated that any short ratio over 26% is likely a a play that could prove to be very risky.

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