At the time of writing, Enphase Energy Inc [ENPH] stock is trading at $71.35, down -1.40%. 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 12.24% over the last week, with a monthly amount drifted -13.48%, 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.
For the past year, the stock price of Enphase Energy Inc fluctuated between $58.33 and $141.63. 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 $71.35 at the most recent close of the market. An investor can expect a potential return of 134.91% based on the average ENPH price forecast.
Analyzing the ENPH fundamentals
According to Enphase Energy Inc [NASDAQ:ENPH], the company’s sales were 1.25B for trailing twelve months, which represents an -30.89% plunge. 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 70.22 points at the first support level, and at 69.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.47, and for the 2nd resistance point, it is at 75.58.
Ratios To Look Out For
It is important to note that Enphase Energy Inc [NASDAQ:ENPH] has a current ratio of 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 7.60, the price to book ratio is 10.35 and price to earnings (TTM) ratio is 162.71.
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.
