A share price of Enphase Energy Inc [ENPH] is currently trading at $117.02, down -3.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The ENPH shares have gain 4.23% over the last week, with a monthly amount drifted -0.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enphase Energy Inc [NASDAQ: ENPH] stock has seen the most recent analyst activity on April 05, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $121 for it. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on February 14, 2024, and set its price target to $140. On February 07, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $133 on the stock. Truist upgraded its rating to a Buy and increased its price target to $145 on January 23, 2024. Canaccord Genuity initiated its recommendation with a Buy and recommended $142 as its price target on January 16, 2024. Wells Fargo upgraded its rating to Overweight for this stock on January 08, 2024, and upped its price target to $141. In a note dated January 04, 2024, KeyBanc Capital Markets downgraded an Sector Weight rating 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 $117.02 at the most recent close of the market. An investor can expect a potential return of 99.28% 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. 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 114.43 points at the first support level, and at 111.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.52, and for the 2nd resistance point, it is at 126.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enphase Energy Inc [NASDAQ:ENPH] is 4.59. On the other hand, the Quick Ratio is 4.19, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 6.94, the price to book ratio is 16.15 and price to earnings (TTM) ratio is 38.17.
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.
