Enphase Energy Inc [ENPH] stock is trading at $117.00, up 1.83%. 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 4.94% over the last week, with a monthly amount glided 1.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Exane BNP Paribas upgraded its rating to Outperform on August 07, 2024, and elevated its price target to $144. On July 24, 2024, Canaccord Genuity reiterated its Buy rating and revised its price target to $140 on the stock. HSBC Securities upgraded its rating to a Buy but stick to its price target of $166 on June 10, 2024. Barclays upgraded its rating to a Overweight and raised its price target to $134 on April 26, 2024. TD Cowen reiterated a Buy rating for this stock on April 24, 2024, and upped its price target to $145. In a note dated April 24, 2024, Jefferies downgraded an Hold rating on this stock and revised its target price from $135 to $111.
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 $202.7 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $117.00 at the most recent close of the market. An investor can expect a potential return of 73.25% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.47.
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 114.19 points at the first support level, and at 111.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.49, and for the 2nd resistance point, it is at 119.99.
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 11.15, the price to book ratio is 17.91 and price to earnings (TTM) ratio is 127.87.
Transactions by insiders
Recent insider trading involved DAVID A RANHOFF, Officer, that happened on Sep 16 ’24 when 5000.0 shares were purchased. Officer, DAVID A RANHOFF completed a deal on Aug 15 ’24 to buy 5000.0 shares. Meanwhile, EVP & Chief Commercial Officer RANHOFF DAVID A sold 5000.0 shares on Jun 17 ’24.
