The stock of Enphase Energy Inc (NASDAQ: ENPH) has increased by 4.60 when compared to last closing price of 111.49.Despite this, the company has seen a gain of 11.48% in its stock price over the last five trading days. marketbeat.com reported 2024-09-17 that Investors are on edge as the Federal Reserve prepares to make its next interest rate decision. While some scramble for cover, seasoned investors seek opportunities in companies poised to weather the storm and thrive, regardless of the Fed’s move.
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 127.45x, Company’s 36-month beta value is 1.73.Analysts have differing opinions 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 130.44M, and currently, short sellers hold a 11.18% ratio of that floaft. The average trading volume of ENPH on September 17, 2024 was 3.44M shares.
ENPH’s Market Performance
The stock of Enphase Energy Inc (ENPH) has seen a 11.48% increase in the past week, with a 0.20% rise in the past month, and a -3.48% fall in the past quarter. The volatility ratio for the week is 4.15%, and the volatility levels for the past 30 days are at 4.16% for ENPH. The simple moving average for the last 20 days is 1.50% for ENPH’s stock, with a simple moving average of 1.22% for the last 200 days.
Analysts’ Opinion of ENPH
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $144, previously predicting the price at $120. The rating they have provided for ENPH stocks is “Outperform” according to the report published on August 07th, 2024.
Canaccord Genuity gave a rating of “Buy” to ENPH, setting the target price at $140 in the report published on July 24th of the current year.
ENPH Trading at 4.08% 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 -17.66% of loss for the given period.
Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares sank -1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.12% upper at present.
During the last 5 trading sessions, ENPH rose by +12.15%, which changed the moving average for the period of 200-days by +16.21% in comparison to the 20-day moving average, which settled at $114.77. In addition, Enphase Energy Inc saw -11.75% 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 DAVID A RANHOFF, who proposed sale 5,000 shares at the price of $109.85 back on Sep 16 ’24. After this action, DAVID A RANHOFF now owns shares of Enphase Energy Inc, valued at $549,232 using the latest closing price.
DAVID A RANHOFF, the Officer of Enphase Energy Inc, proposed sale 5,000 shares at $113.30 during a trade that took place back on Aug 15 ’24, which means that DAVID A RANHOFF is holding shares at $566,500 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 9.41.
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 11.99. 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
In a nutshell, Enphase Energy Inc (ENPH) has experienced a mixed performance in recent times. The stock has received mixed “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.
