Currently, Enphase Energy Inc [ENPH] is trading at $87.46, up 4.69%. 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 3.28% over the last week, with a monthly amount drifted -17.45%, 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 October 23, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $120 from $130. Previously, Janney downgraded its rating to Neutral on October 23, 2024. On October 23, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $73 on the stock. Canaccord Genuity downgraded its rating to a Hold. Guggenheim upgraded its rating to a Neutral. Susquehanna downgraded its rating to Neutral for this stock on October 16, 2024, and downed its price target to $104. In a note dated October 15, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $125 to $100.
This stock has fluctuated between a low of $73.49 and a high of $141.63 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $170.18 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $87.46 at the most recent close of the market. An investor can expect a potential return of 94.58% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
Trailing Twelve Months sales for Enphase Energy Inc [NASDAQ:ENPH] were 1.25B which represents -30.89% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.4.
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 85.43 points at the first support level, and at 83.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.87, and for the 2nd resistance point, it is at 90.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enphase Energy Inc [NASDAQ:ENPH] is 4.16. Also, the Quick Ratio is 3.88, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 9.51, the price to book ratio is 12.68 and price to earnings (TTM) ratio is 199.45.
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.
