Enphase Energy Inc (NASDAQ: ENPH)’s stock price has decreased by -1.71 compared to its previous closing price of 105.19. However, the company has seen a -9.08% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-08-05 that Enphase’s (ENPH) near-term challenges due to poor demand scenario in the United States and Europe are likely to affect its 2024 operating results amid solid growth opportunities in the long run.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
Enphase Energy Inc (NASDAQ: ENPH) has a higher price-to-earnings ratio of 112.99x compared to its average ratio. ENPH has 36-month beta value of 1.73. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ENPH is 130.46M, and currently, short sellers hold a 11.16% ratio of that float. The average trading volume of ENPH on August 06, 2024 was 4.13M shares.
ENPH’s Market Performance
ENPH stock saw an increase of -9.08% in the past week, with a monthly gain of 6.43% and a quarterly increase of -9.47%. The volatility ratio for the week is 7.57%, and the volatility levels for the last 30 days are 6.21% for Enphase Energy Inc (ENPH). The simple moving average for the last 20 days is -6.57% for ENPH stock, with a simple moving average of -7.72% for the last 200 days.
Analysts’ Opinion of ENPH
Many brokerage firms have already submitted their reports for ENPH stocks, with Canaccord Genuity repeating the rating for ENPH by listing it as a “Buy.” The predicted price for ENPH in the upcoming period, according to Canaccord Genuity is $140 based on the research report published on July 24, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $166. The rating they have provided for ENPH stocks is “Buy” according to the report published on June 10th, 2024.
Barclays gave a rating of “Overweight” to ENPH, setting the target price at $134 in the report published on April 26th of the current year.
ENPH Trading at -10.10% 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 -28.40% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 7.57%, as shares surge +0.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.72% lower at present.
During the last 5 trading sessions, ENPH fell by -9.08%, which changed the moving average for the period of 200-days by -20.00% in comparison to the 20-day moving average, which settled at $110.69. In addition, Enphase Energy Inc saw -21.76% 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:
- 0.06 for the present operating margin
- 0.46 for the gross margin
The net margin for Enphase Energy Inc stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 13.96, with 3.91 for asset returns.
Based on Enphase Energy Inc (ENPH), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is 18.81.
Currently, EBITDA for the company is 612.37 million with net debt to EBITDA at 4.74. When we switch over and look at the enterprise to sales, we see a ratio of 10.61. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.23.
Conclusion
To put it simply, Enphase Energy Inc (ENPH) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
