How Do Things Look For Enphase Energy Inc (NASDAQ: ENPH) In The Short-Term?

Enphase Energy Inc (NASDAQ:ENPH) price is hovering lower on Monday, April 15, dropping -1.75% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $117.02. The company’s P/E ratio in the trailing 12-month period read 37.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $231.42 and 52-week low of $73.49. The stock added 4.13% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ENPH a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.53. The overview shows that ENPH’s price is at present -0.54% off the SMA20 and -3.41% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.27, with weekly volatility standing at 5.56%. The indicator jumps to 5.15% when calculated based on the past 30 days. Enphase Energy Inc (NASDAQ:ENPH)’s beta value is holding at 1.47, while the average true range (ATR) indicator is currently reading 6.46.

An analysis of the Enphase Energy Inc (NASDAQ:ENPH) stock in terms of its daily trading volume indicates that the 3-month average is 4.16 million.

Current records show that the company has 135.72M in outstanding shares. The insiders’ percentage holdings are 3.99% of outstanding shares while the percentage share held by institutions stands at 75.64%. But the -12.99% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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