In the past week, ENPH stock has gone down by -4.02%, with a monthly decline of -33.33% and a quarterly plunge of -47.77%. The volatility ratio for the week is 7.44%, and the volatility levels for the last 30 days are 5.47% for Enphase Energy Inc The simple moving average for the last 20 days is -19.15% for ENPH stock, with a simple moving average of -44.64% for the last 200 days.
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 139.34x. The stock has a 36-month beta value of 1.72. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 6 as “overweight,” 20 as “hold,” and 2 as “sell.”
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The public float for ENPH is 129.69M, and at present, short sellers hold a 12.22% of that float. On November 18, 2024, the average trading volume of ENPH was 3.94M shares.
ENPH) stock’s latest price update
Enphase Energy Inc (NASDAQ: ENPH)’s stock price has plunge by 2.65relation to previous closing price of 59.52. Nevertheless, the company has seen a -4.02% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-18 that NEW YORK, NY / ACCESSWIRE / November 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Enphase Energy, Inc. (“Enphase Energy, Inc.”) (NASDAQ:ENPH) concerning possible violations of federal securities laws. On October 22, 2024, Enphase issued a press release announcing its financial results for the third quarter of 2024.
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 “Hold.” The predicted price for ENPH in the upcoming period, according to HSBC Securities is $81 based on the research report published on November 08, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ENPH reach a price target of $88. The rating they have provided for ENPH stocks is “Neutral” according to the report published on November 08th, 2024.
Jefferies gave a rating of “Underperform” to ENPH, setting the target price at $61 in the report published on November 07th of the current year.
ENPH Trading at -35.30% 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 -56.86% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares sank -32.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.90% lower at present.
During the last 5 trading sessions, ENPH fell by -4.34%, which changed the moving average for the period of 200-days by -40.15% in comparison to the 20-day moving average, which settled at $75.56. In addition, Enphase Energy Inc saw -53.76% 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 Kothandaraman Badrinarayanan, who purchase 5,000 shares at the price of $60.38 back on Nov 14 ’24. After this action, Kothandaraman Badrinarayanan now owns 1,589,696 shares of Enphase Energy Inc, valued at $301,902 using the latest closing price.
DAVID A RANHOFF, the Officer of Enphase Energy Inc, proposed sale 5,000 shares at $109.85 during a trade that took place back on Sep 16 ’24, which means that DAVID A RANHOFF is holding shares at $549,232 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 1.72.
Currently, EBITDA for the company is 589.88 million with net debt to EBITDA at 7.36. When we switch over and look at the enterprise to sales, we see a ratio of 7.47. 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.
