Enphase Energy Inc (NASDAQ: ENPH) has experienced a rise in its stock price by 7.67 compared to its previous closing price of 106.06. However, the company has seen a gain of 2.03% in its stock price over the last five trading days. The Motley Fool reported 2024-05-05 that Enphase has pivoted to energy storage to address changing needs in California. The business model is more complex, and it’s unclear what the next growth period will look like.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
The price-to-earnings ratio for Enphase Energy Inc (NASDAQ: ENPH) is above average at 59.17x. The 36-month beta value for ENPH is also noteworthy at 1.76. 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 130.72M, and at present, short sellers hold a 8.74% of that float. The average trading volume of ENPH on May 06, 2024 was 4.27M shares.
ENPH’s Market Performance
ENPH stock saw a decrease of 2.03% in the past week, with a monthly decline of -5.45% and a quarterly a decrease of 12.22%. The volatility ratio for the week is 4.84%, and the volatility levels for the last 30 days are 5.64% for Enphase Energy Inc (ENPH). The simple moving average for the last 20 days is 1.82% for ENPH’s stock, with a simple moving average of -3.05% for the last 200 days.
Analysts’ Opinion of ENPH
Many brokerage firms have already submitted their reports for ENPH stocks, with Barclays repeating the rating for ENPH by listing it as a “Overweight.” The predicted price for ENPH in the upcoming period, according to Barclays is $134 based on the research report published on April 26, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $145, previously predicting the price at $140. The rating they have provided for ENPH stocks is “Buy” according to the report published on April 24th, 2024.
Jefferies gave a rating of “Hold” to ENPH, setting the target price at $111 in the report published on April 24th of the current year.
ENPH Trading at -1.86% 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 -40.59% of loss for the given period.
Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares surge +1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.49% lower at present.
During the last 5 trading sessions, ENPH rose by +2.03%, which changed the moving average for the period of 200-days by -38.43% in comparison to the 20-day moving average, which settled at $112.26. In addition, Enphase Energy Inc saw -13.58% 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 Yang Mandy, who purchase 4,000 shares at the price of $104.24 back on May 02 ’24. After this action, Yang Mandy now owns 62,973 shares of Enphase Energy Inc, valued at $416,972 using the latest closing price.
GOMO STEVEN J, the Director of Enphase Energy Inc, sale 25,000 shares at $110.08 during a trade that took place back on Apr 26 ’24, which means that GOMO STEVEN J is holding 93,360 shares at $2,751,933 based on the most recent closing price.
Stock Fundamentals for ENPH
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.46 for the gross margin
The net margin for Enphase Energy Inc stands at 0.15. The total capital return value is set at 0.09. Equity return is now at value 29.16, with 8.35 for asset returns.
Based on Enphase Energy Inc (ENPH), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 28.26.
Currently, EBITDA for the company is 612.37 million with net debt to EBITDA at 2.62. When we switch over and look at the enterprise to sales, we see a ratio of 9.08. The receivables turnover for the company is 4.51for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.16.
Conclusion
In summary, Enphase Energy Inc (ENPH) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
