Enphase Energy Inc [ENPH] stock is trading at $112.36, down -2.23%. 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 6.85% over the last week, with a monthly amount drifted -7.89%, 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 26, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $134 from $115. Previously, TD Cowen reaffirmed its Buy rating on April 24, 2024, and elevated its price target to $145. On April 24, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $111 on the stock. Guggenheim downgraded its rating to a Sell but stick to its price target of $92 on April 24, 2024. DZ Bank initiated its recommendation with a Hold. Citigroup downgraded its rating to Neutral for this stock on April 05, 2024, but kept the price target unchanged to $121. In a note dated February 14, 2024, RBC Capital Mkts initiated an Outperform rating and provided a target price of $140 on this stock.
Enphase Energy Inc [ENPH] stock has fluctuated between $73.49 and $192.22 over the past year. Currently, Wall Street analysts expect the stock to reach $223.19 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $112.36 at the most recent close of the market. An investor can expect a potential return of 98.64% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
Enphase Energy Inc [NASDAQ:ENPH] reported sales of 1.83B for the trailing twelve months, which represents a drop of -63.73%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.28 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.41.
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 110.76 points at the first support level, and at 109.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.70, and for the 2nd resistance point, it is at 117.05.
Enphase Energy Inc [ENPH] reported earnings per share of $0.35 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.39/share, meaning a difference of -$0.04 and a surprise factor of -10.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.54 per share as compared to estimates of $0.55 per share, a difference of -$0.01 representing a surprise of -1.80%.
Ratios To Look Out For
For context, Enphase Energy Inc’s Current Ratio is 4.16. As well, the Quick Ratio is 3.78, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 8.36, the price to book ratio is 16.56 and price to earnings (TTM) ratio is 58.21.
Transactions by insiders
Recent insider trading involved Yang Mandy, EVP, Chief Financial Officer, that happened on May 02 ’24 when 4000.0 shares were purchased. Director, GOMO STEVEN J completed a deal on Apr 26 ’24 to sell 25000.0 shares. Meanwhile, Director GOMO STEVEN J sold 20000.0 shares on Apr 25 ’24.
