At the time of writing, Enphase Energy Inc [ENPH] stock is trading at $119.34, up 1.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ENPH shares have gain 13.16% over the last week, with a monthly amount glided 15.92%, 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 July 24, 2024, when Canaccord Genuity reiterated its Buy rating and also revised its price target to $140 from $150. Previously, HSBC Securities upgraded its rating to Buy on June 10, 2024, and kept the price target unchanged to $166. On April 26, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $134 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $145 on April 24, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $111 on April 24, 2024. Guggenheim downgraded its rating to Sell for this stock on April 24, 2024, but kept the price target unchanged to $92. In a note dated April 17, 2024, DZ Bank initiated an Hold rating.
For the past year, the stock price of Enphase Energy Inc fluctuated between $73.49 and $176.00. Currently, Wall Street analysts expect the stock to reach $204.59 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $119.34 at the most recent close of the market. An investor can expect a potential return of 71.43% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
According to Enphase Energy Inc [NASDAQ:ENPH], the company’s sales were 1.42B for trailing twelve months, which represents an -57.33% plunge. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.
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 116.74 points at the first support level, and at 114.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.45, and for the 2nd resistance point, it is at 125.55.
Ratios To Look Out For
It is important to note that Enphase Energy Inc [NASDAQ:ENPH] has a current ratio of 4.23. Also, the Quick Ratio is 3.90, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 11.38, the price to book ratio is 18.27 and price to earnings (TTM) ratio is 130.43.
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.
