The price-to-earnings ratio for Enphase Energy Inc (NASDAQ: ENPH) is 55.26x, which is above its average ratio. Moreover, the 36-month beta value for ENPH is 1.72. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ENPH is 131.08M and currently, short sellers hold a 10.25% of that float. On June 24, 2024, ENPH’s average trading volume was 3.91M shares.
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ENPH) stock’s latest price update
The stock price of Enphase Energy Inc (NASDAQ: ENPH) has plunged by -0.02 when compared to previous closing price of 106.67, but the company has seen a -14.41% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-06-24 that Whenever analysts choose to upgrade a stock, investors could benefit from attempting to reverse engineer the reasons behind the boost for the specific stocks these analysts picked. Because reputations—and jobs—are on the line, these analysts are often careful to boost the stock, so they typically have strong reasons to believe there is an upside in the stock they recommend.
ENPH’s Market Performance
Enphase Energy Inc (ENPH) has seen a -14.41% fall in stock performance for the week, with a -12.03% decline in the past month and a -6.95% plunge in the past quarter. The volatility ratio for the week is 4.33%, and the volatility levels for the past 30 days are at 5.34% for ENPH. The simple moving average for the last 20 days is -14.98% for ENPH stock, with a simple moving average of -6.45% for the last 200 days.
Analysts’ Opinion of ENPH
Many brokerage firms have already submitted their reports for ENPH stocks, with HSBC Securities repeating the rating for ENPH by listing it as a “Buy.” The predicted price for ENPH in the upcoming period, according to HSBC Securities is $166 based on the research report published on June 10, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $134, previously predicting the price at $115. The rating they have provided for ENPH stocks is “Overweight” according to the report published on April 26th, 2024.
TD Cowen gave a rating of “Buy” to ENPH, setting the target price at $145 in the report published on April 24th of the current year.
ENPH Trading at -9.31% 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 -44.52% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares sank -9.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.53% lower at present.
During the last 5 trading sessions, ENPH fell by -14.58%, which changed the moving average for the period of 200-days by -13.48% in comparison to the 20-day moving average, which settled at $124.89. In addition, Enphase Energy Inc saw -19.29% 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 $123.27 back on Jun 17 ’24. After this action, RANHOFF DAVID A now owns 107,943 shares of Enphase Energy Inc, valued at $616,348 using the latest closing price.
Rodgers Thurman J, the Director of Enphase Energy Inc, sale 5,188 shares at $129.60 during a trade that took place back on May 30 ’24, which means that Rodgers Thurman J is holding 1,979,374 shares at $672,346 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 8.48. 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
To wrap up, the performance of Enphase Energy Inc (ENPH) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
