In the past week, ENPH stock has gone down by -3.97%, with a monthly decline of -6.39% and a quarterly surge of 0.80%. The volatility ratio for the week is 4.69%, and the volatility levels for the last 30 days are 4.99% for Enphase Energy Inc The simple moving average for the last 20 days is -6.30% for ENPH stock, with a simple moving average of -10.62% for the last 200 days.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
Enphase Energy Inc (NASDAQ: ENPH) has a price-to-earnings ratio of 35.23x that is above its average ratio. Additionally, the 36-month beta value for ENPH is 1.50. 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 22, 2024 was 4.08M shares.
ENPH) stock’s latest price update
The stock of Enphase Energy Inc (NASDAQ: ENPH) has increased by 1.44 when compared to last closing price of 106.48. Despite this, the company has experienced a -3.97% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-20 that Insider buying stocks are shares purchased by executives within a company. And on Wall Street, this often spotlights undervalued assets and signals future potential.
Analysts’ Opinion of ENPH
Citigroup, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $121. The rating they have provided for ENPH stocks is “Neutral” according to the report published on April 05th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to ENPH, setting the target price at $140 in the report published on February 14th of the current year.
ENPH Trading at -9.68% 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 -52.70% of loss for the given period.
Volatility was left at 4.99%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.95% lower at present.
During the last 5 trading sessions, ENPH fell by -4.34%, which changed the moving average for the period of 200-days by -33.33% in comparison to the 20-day moving average, which settled at $114.92. In addition, Enphase Energy Inc saw -18.26% 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 $116.29 back on Apr 15 ’24. After this action, RANHOFF DAVID A now owns 119,948 shares of Enphase Energy Inc, valued at $581,474 using the latest closing price.
RANHOFF DAVID A, the EVP & Chief Commercial Officer of Enphase Energy Inc, sale 5,000 shares at $108.89 during a trade that took place back on Mar 15 ’24, which means that RANHOFF DAVID A is holding 124,948 shares at $544,425 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 6.9. 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 bad 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.
