At the time of writing, Enphase Energy Inc [ENPH] stock is trading at $115.38, up 1.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENPH shares have gain 4.50% over the last week, with a monthly amount drifted -8.60%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Enphase Energy and Semper Solaris Expand Collaboration in California with Enphase Energy Systems. In a post published today on Yahoo Finance, Semper Solaris also now utilizes Solargraf, Enphase’s cloud-based design, proposal, and permitting software platform.
From an analyst’s perspective:
Enphase Energy Inc [NASDAQ: ENPH] stock has seen the most recent analyst activity on February 14, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $140. Previously, Oppenheimer upgraded its rating to Outperform on February 07, 2024, and kept the price target unchanged to $133. On January 23, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $145 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $142 on January 16, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $141 on January 08, 2024. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on January 04, 2024. In a note dated December 15, 2023, Jefferies initiated an Buy rating and provided a target price of $121 on this stock.
For the past year, the stock price of Enphase Energy Inc fluctuated between $73.49 and $231.42. Currently, Wall Street analysts expect the stock to reach $254.6 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $115.38 at the most recent close of the market. An investor can expect a potential return of 120.66% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
According to Enphase Energy Inc [NASDAQ:ENPH], the company’s sales were 2.29B for trailing twelve months, which represents an -58.25% plunge. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.45 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.
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 113.44 points at the first support level, and at 111.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.94, and for the 2nd resistance point, it is at 120.51.
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
It is important to note that Enphase Energy Inc [NASDAQ:ENPH] has a current ratio of 4.59. As well, the Quick Ratio is 4.19, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 6.84, the price to book ratio is 15.92 and price to earnings (TTM) ratio is 37.64.
Transactions by insiders
Recent insider trading involved RANHOFF DAVID A, EVP & Chief Commercial Officer, that happened on Mar 15 ’24 when 5000.0 shares were sold. President & CEO, Kothandaraman Badrinarayanan completed a deal on Feb 27 ’24 to buy 4000.0 shares. Meanwhile, Director MORA RICHARD sold 24285.0 shares on Feb 09 ’24.
