At the time of writing, Enphase Energy Inc [ENPH] stock is trading at $102.81, up 5.84%. 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 3.11% over the last week, with a monthly amount drifted -22.84%, 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 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.
For the past year, the stock price of Enphase Energy Inc fluctuated between $73.49 and $192.22. 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 $102.81 at the most recent close of the market. An investor can expect a potential return of 110.26% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
According to Enphase Energy Inc [NASDAQ:ENPH], the company’s sales were 1.83B for trailing twelve months, which represents an -63.73% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.41.
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 99.40 points at the first support level, and at 95.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.59, and for the 2nd resistance point, it is at 106.36.
Ratios To Look Out For
It is important to note that Enphase Energy Inc [NASDAQ:ENPH] has a current ratio of 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 7.65, the price to book ratio is 15.15 and price to earnings (TTM) ratio is 53.27.
Transactions by insiders
Recent insider trading involved RANHOFF DAVID A, EVP & Chief Commercial Officer, that happened on Jun 17 ’24 when 5000.0 shares were sold. Director, Rodgers Thurman J completed a deal on May 30 ’24 to sell 5188.0 shares. Meanwhile, Director Rodgers Thurman J sold 0.32 million shares on May 29 ’24.
