Enphase Energy Inc (NASDAQ: ENPH)’s stock price has dropped by -1.33 in relation to previous closing price of 91.64. Nevertheless, the company has seen a loss of -10.89% in its stock price over the last five trading days. fool.com reported 2024-10-21 that With interest rates coming down, this company could experience major tailwinds.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
The price-to-earnings ratio for Enphase Energy Inc (NASDAQ: ENPH) is 98.82x, 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.”
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The public float for ENPH is 130.44M and currently, short sellers hold a 10.62% of that float. On October 22, 2024, ENPH’s average trading volume was 2.86M shares.
ENPH’s Market Performance
The stock of Enphase Energy Inc (ENPH) has seen a -10.89% decrease in the past week, with a -21.31% drop in the past month, and a -12.76% fall in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 3.87% for ENPH. The simple moving average for the last 20 days is -13.06% for ENPH’s stock, with a simple moving average of -20.49% for the last 200 days.
Analysts’ Opinion of ENPH
Susquehanna, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $104, previously predicting the price at $147. The rating they have provided for ENPH stocks is “Neutral” according to the report published on October 16th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to ENPH, setting the target price at $100 in the report published on October 15th of the current year.
ENPH Trading at -18.27% 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 -36.16% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares sank -22.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.17% lower at present.
During the last 5 trading sessions, ENPH fell by -10.89%, which changed the moving average for the period of 200-days by -23.42% in comparison to the 20-day moving average, which settled at $104.00. In addition, Enphase Energy Inc saw -31.57% 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 9.37. 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 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.
