The stock of Enphase Energy Inc (NASDAQ: ENPH) has increased by 3.37 when compared to last closing price of 81.10. Despite this, the company has experienced a -8.52% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-26 that Enphase generated strong cash flow despite the adverse business environment thanks to its good pricing power, IRA subsidies, and cost management measures. Distributor Inventory channels in the US are clean, but macro trends remain weak in Europe, postponing a V-shape recovery. The firm remains ideally a place to benefit from gradual rate cuts and growing business development, such as in the battery segment, where it has a solid market share.
Is It Worth Investing in Enphase Energy Inc (NASDAQ: ENPH) Right Now?
Enphase Energy Inc (NASDAQ: ENPH) has a price-to-earnings ratio that is above its average at 191.17x. The stock has a 36-month beta value of 1.74. Opinions on the stock are mixed, 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 130.14M, and at present, short sellers hold a 11.29% of that float. On October 28, 2024, the average trading volume of ENPH was 3.01M shares.
ENPH’s Market Performance
The stock of Enphase Energy Inc (ENPH) has seen a -8.52% decrease in the past week, with a -26.21% drop in the past month, and a -26.28% fall in the past quarter. The volatility ratio for the week is 4.71%, and the volatility levels for the past 30 days are at 4.06% for ENPH. The simple moving average for the last 20 days is -14.33% for ENPH stock, with a simple moving average of -25.86% for the last 200 days.
Analysts’ Opinion of ENPH
Many brokerage firms have already submitted their reports for ENPH stocks, with TD Cowen repeating the rating for ENPH by listing it as a “Buy.” The predicted price for ENPH in the upcoming period, according to TD Cowen is $120 based on the research report published on October 23, 2024 of the current year 2024.
Guggenheim gave a rating of “Sell” to ENPH, setting the target price at $73 in the report published on October 23rd of the current year.
ENPH Trading at -22.63% 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 -40.81% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares sank -27.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.42% lower at present.
During the last 5 trading sessions, ENPH fell by -8.52%, which changed the moving average for the period of 200-days by -28.68% in comparison to the 20-day moving average, which settled at $97.86. In addition, Enphase Energy Inc saw -36.56% 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:
- 0.01 for the present operating margin
- 0.46 for the gross margin
The net margin for Enphase Energy Inc stands at 0.05. The total capital return value is set at 0.01. Equity return is now at value 6.31, with 1.80 for asset returns.
Based on Enphase Energy Inc (ENPH), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 3.45.
Currently, EBITDA for the company is 612.37 million with net debt to EBITDA at 8.97. When we switch over and look at the enterprise to sales, we see a ratio of 9.89. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.16.
Conclusion
To sum up, Enphase Energy Inc (ENPH) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
