A View of Enphase Energy Inc (ENPH) Stock’s Fundamentals and Valuations

A share price of Enphase Energy Inc [ENPH] is currently trading at $122.47, up 4.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ENPH shares have gain 20.35% over the last week, with a monthly amount glided 4.19%, and seem to be holding up well over a long-time horizon.

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On 6, February 2024, Enphase Energy Reports Financial Results for the Fourth Quarter of 2023. In a post published today on Yahoo Finance, Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman.

From an analyst’s perspective:

Enphase Energy Inc [NASDAQ: ENPH] stock has seen the most recent analyst activity on February 07, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $133 for it.

Enphase Energy Inc experienced fluctuations in its stock price throughout the past year between $73.49 and $231.42. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $122.47 at the most recent close of the market.

Analyzing the ENPH fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 118.33 points at the first support level, and at 114.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.58, and for the 2nd resistance point, it is at 128.69.

Enphase Energy Inc [ENPH] reported earnings per share of $0.54 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of -$0.01 and a surprise factor of -1.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.02 per share as compared to estimates of $1.01 per share, a difference of $0.01 representing a surprise of 1.00%.

Ratios To Look Out For

A current ratio of 4.59 is a noteworthy aspect of Enphase Energy Inc [NASDAQ:ENPH].

Transactions by insiders

In the past 3 months, 1 insiders have purchased 1,118 shares, and 0 have sold 0 shares. Recent insider trading involved Kothandaraman Badrinarayanan, President & CEO, that happened on Nov 16 when 1118.0 shares were purchased. Director, Rodgers Thurman J completed a deal on Sep 14 to buy 32600.0 shares. Meanwhile, EVP & Chief Commercial Officer RANHOFF DAVID A sold 1791.0 shares on May 30.

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