Analyzing Enphase Energy Inc (ENPH)’s Gross, Operating, Pretax, and Net Margins

Enphase Energy Inc [ENPH] stock prices are up 6.45% to $130.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENPH shares have gain 2.45% over the last week, with a monthly amount glided 17.58%, and 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 June 10, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $166 for it. Previously, Barclays upgraded its rating to Overweight on April 26, 2024, and elevated its price target to $134. On April 24, 2024, TD Cowen reiterated its Buy rating and revised its price target to $145 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $111 on April 24, 2024. Guggenheim downgraded its rating to a Sell but $92 remained the price target by the analyst firm on April 24, 2024. In a note dated April 05, 2024, Citigroup downgraded an Neutral rating on this stock but restated the target price of $121.

The stock price of Enphase Energy Inc [ENPH] has been fluctuating between $73.49 and $192.22 over the past year. Currently, Wall Street analysts expect the stock to reach $216.17 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $130.67 at the most recent close of the market. An investor can expect a potential return of 65.43% based on the average ENPH price forecast.

Analyzing the ENPH fundamentals

The Enphase Energy Inc [NASDAQ:ENPH] reported sales of 1.83B for trailing twelve months, representing 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 124.71 points at the first support level, and at 118.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 133.93, and for the 2nd resistance point, it is at 137.20.

Ratios To Look Out For

It’s worth pointing out that Enphase Energy Inc [NASDAQ:ENPH]’s Current Ratio is 4.16. Further, the Quick Ratio stands at 3.78, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 9.73, the price to book ratio is 19.26 and price to earnings (TTM) ratio is 67.70.

Transactions by insiders

Recent insider trading involved Rodgers Thurman J, Director, that happened on May 30 ’24 when 5188.0 shares were sold. Director, Rodgers Thurman J completed a deal on May 29 ’24 to sell 0.32 million shares. Meanwhile, EVP & Chief Commercial Officer RANHOFF DAVID A sold 5000.0 shares on May 15 ’24.

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