Enphase Energy Inc (NASDAQ: ENPH) has seen a decline in its stock price by -3.89 in relation to its previous close of 117.02. However, the company has experienced a -2.40% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that You may have heard about GPT-4 Turbo, Gemini, Llama or X’s (formerly Twitter) Grok. However, there is a new contender outside of these Big Tech models in town.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
Enphase Energy Inc (NASDAQ: ENPH) has a price-to-earnings ratio of 36.69x that is above its average ratio. Additionally, the 36-month beta value for ENPH is 1.47. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for ENPH is 130.35M and currently, short sellers hold a 7.81% ratio of that float. The average trading volume of ENPH on April 16, 2024 was 4.16M shares.
ENPH’s Market Performance
The stock of Enphase Energy Inc (ENPH) has seen a -2.40% decrease in the past week, with a 1.87% rise in the past month, and a 2.04% gain in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are at 5.03% for ENPH. The simple moving average for the last 20 days is -2.71% for ENPH stock, with a simple moving average of -7.96% for the last 200 days.
Analysts’ Opinion of ENPH
Many brokerage firms have already submitted their reports for ENPH stocks, with Citigroup repeating the rating for ENPH by listing it as a “Neutral.” The predicted price for ENPH in the upcoming period, according to Citigroup is $121 based on the research report published on April 05, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $140. The rating they have provided for ENPH stocks is “Outperform” according to the report published on February 14th, 2024.
Oppenheimer gave a rating of “Outperform” to ENPH, setting the target price at $133 in the report published on February 07th of the current year.
ENPH Trading at -5.51% from the 50-Day Moving Average
After a stumble in the market that brought ENPH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.40% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares surge +4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.67% upper at present.
During the last 5 trading sessions, ENPH fell by -2.40%, which changed the moving average for the period of 200-days by -30.32% in comparison to the 20-day moving average, which settled at $115.84. In addition, Enphase Energy Inc saw -14.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ENPH starting from RANHOFF DAVID A, who sale 5,000 shares at the price of $108.89 back on Mar 15 ’24. After this action, RANHOFF DAVID A now owns 124,948 shares of Enphase Energy Inc, valued at $544,425 using the latest closing price.
Kothandaraman Badrinarayanan, the President & CEO of Enphase Energy Inc, purchase 4,000 shares at $120.54 during a trade that took place back on Feb 27 ’24, which means that Kothandaraman Badrinarayanan is holding 1,655,171 shares at $482,154 based on the most recent closing price.
Stock Fundamentals for ENPH
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.46 for the gross margin
The net margin for Enphase Energy Inc stands at 0.19. The total capital return value is set at 0.16. Equity return is now at value 48.52, with 13.57 for asset returns.
Based on Enphase Energy Inc (ENPH), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 50.43.
Currently, EBITDA for the company is 612.37 million with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 7.11. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.59.
Conclusion
In conclusion, Enphase Energy Inc (ENPH) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
