Enphase Energy Inc [ENPH] stock is trading at $108.80, up 5.20%. 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 lost -0.80% over the last week, with a monthly amount glided 1.92%, 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 August 07, 2024, when Exane BNP Paribas upgraded its rating to a Outperform and also boosted its price target to $144 from $120. Previously, Canaccord Genuity reaffirmed its Buy rating on July 24, 2024, and dropped its price target to $140. On June 10, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $166 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $134 on April 26, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $145 on April 24, 2024. Jefferies downgraded its rating to Hold for this stock on April 24, 2024, and downed its price target to $111. In a note dated April 24, 2024, Guggenheim downgraded an Sell rating on this stock but restated the target price of $92.
Enphase Energy Inc [ENPH] stock has fluctuated between $73.49 and $141.63 over the past year. Currently, Wall Street analysts expect the stock to reach $202.57 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $108.80 at the most recent close of the market. An investor can expect a potential return of 86.19% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
Enphase Energy Inc [NASDAQ:ENPH] reported sales of 1.42B for the trailing twelve months, which represents a drop of -57.33%. 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 104.55 points at the first support level, and at 100.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.18, and for the 2nd resistance point, it is at 113.55.
Ratios To Look Out For
For context, Enphase Energy Inc’s Current Ratio is 4.23. Further, the Quick Ratio stands at 3.90, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 10.37, the price to book ratio is 16.65 and price to earnings (TTM) ratio is 118.91.
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.
