What is the best trade option for Enphase Energy Inc (ENPH) stock?

Enphase Energy Inc [ENPH] stock is trading at $66.29, up 4.28%. 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 11.37% over the last week, with a monthly amount drifted -18.26%, 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 November 08, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $81 for it. Previously, Exane BNP Paribas downgraded its rating to Neutral on November 08, 2024, and kept the price target unchanged to $88. On November 07, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $61 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $120 on October 23, 2024. Janney downgraded its rating to a Neutral. Guggenheim downgraded its rating to Sell for this stock on October 23, 2024, but kept the price target unchanged to $73. In a note dated October 23, 2024, Canaccord Genuity downgraded an Hold rating on this stock.

Enphase Energy Inc [ENPH] stock has fluctuated between $58.33 and $141.63 over the past year. Currently, Wall Street analysts expect the stock to reach $167.61 within the next 12 months. Enphase Energy Inc [NASDAQ: ENPH] shares were valued at $66.29 at the most recent close of the market. An investor can expect a potential return of 152.84% based on the average ENPH price forecast.

Analyzing the ENPH fundamentals

Enphase Energy Inc [NASDAQ:ENPH] reported sales of 1.25B for the trailing twelve months, which represents a drop of -30.89%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.

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 63.46 points at the first support level, and at 60.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.03, and for the 2nd resistance point, it is at 69.76.

Ratios To Look Out For

For context, Enphase Energy Inc’s Current Ratio 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 7.47, the price to book ratio is 9.61 and price to earnings (TTM) ratio is 151.17.

Transactions by insiders

Recent insider trading involved Kothandaraman Badrinarayanan, President & CEO, that happened on Nov 19 ’24 when 2564.0 shares were purchased. President & CEO, Kothandaraman Badrinarayanan completed a deal on Nov 20 ’24 to buy 2436.0 shares. Meanwhile, President & CEO Kothandaraman Badrinarayanan bought 5000.0 shares on Nov 14 ’24.

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