Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enphase Energy Inc shares valued at $156,670 were purchased by Kothandaraman Badrinarayanan on Nov 19 ’24. At $61.10 per share, Kothandaraman Badrinarayanan acquired 2,564 shares. The insider’s holdings grew to 1,592,260 shares worth approximately $101.06 million following the completion of this transaction.
Also, Kothandaraman Badrinarayanan purchased 2,436 shares, netting a total of over 152,058 in proceeds. Following the buying of shares at $62.42 each, the insider now holds 1,594,696 shares.
Before that, Kothandaraman Badrinarayanan had added 5,000 shares to its account. In a trade valued at $301,902, the President & CEO bought Enphase Energy Inc shares for $60.38 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $100.9 million.
As published in a research note from Truist on January 16, 2025, Enphase Energy Inc [ENPH] has been rated down from a Buy to a Hold and the price target has been revised to $65 from $100. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of November 08, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for ENPH. Earlier on November 07, 2024, Jefferies downgraded its rating. Their new recommendation was “an Underperform” for ENPH stock which previously was a “a Hold”.
Analyzing ENPH Stock Performance
During the last five days, there has been a drop of approximately -8.89%. Over the course of the year, Enphase Energy Inc shares have dropped approximately -7.59%. Shares of the company reached a 52-week high of $76.90 on 01/07/25 and a 52-week low of $62.80 on 01/16/25. A 50-day SMA is recorded $70.08, while a 200-day SMA reached $100.68. Nevertheless, trading volume fell to 4.22 million shares from 2.67 million shares the previous day.
Support And Resistance Levels for Enphase Energy Inc (ENPH)
According to the 24-hour chart, there is a support level at 62.56, which, if violated, would cause prices to drop to 61.66. In the upper region, resistance lies at 64.61. The next price resistance is at 65.76. RSI (Relative Strength Index) is 36.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.40, which suggests the price will decrease in the coming days. Percent R is at 95.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
