A share price of Enphase Energy Inc [ENPH] is currently trading at $119.80, up 9.56%. 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 5.37% over the last week, with a monthly amount drifted -1.08%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Enphase Energy Inc experienced fluctuations in its stock price throughout the past year between $73.49 and $231.42. Currently, Wall Street analysts expect the stock to reach $233.2 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $119.80 at the most recent close of the market. An investor can expect a potential return of 94.66% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
Trailing Twelve Months sales for Enphase Energy Inc [NASDAQ:ENPH] were 2.29B which represents -58.25% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 113.64 points at the first support level, and at 107.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.02, and for the 2nd resistance point, it is at 126.24.
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
To put it in perspective, the Current Ratio for Enphase Energy Inc [NASDAQ:ENPH] is 4.59. In addition, the Quick Ratio stands at 4.19 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 7.10, the price to book ratio is 16.53 and price to earnings (TTM) ratio is 39.08.
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.
