Enphase Energy Inc. (ENPH) attracts a new wave of investors despite economic turmoil

Enphase Energy Inc. (NASDAQ: ENPH) closed the day trading at $219.47 down -3.93% from the previous closing price of $228.44. In other words, the price has decreased by -$8.97 from its previous closing price. On the day, 5945083 shares were traded. ENPH stock price reached its highest trading level at $223.95 during the session, while it also had its lowest trading level at $215.28.

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For a better understanding of ENPH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.83. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 2.11 whereas as Long-Term Debt/Eq ratio is at 1.96.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Daiwa Securities on December 23, 2022, initiated with a Outperform rating and assigned the stock a target price of $335.

On December 19, 2022, Northland Capital Upgraded its rating to Outperform which previously was Market Perform but kept the price unchanged to $365.

Susquehanna Downgraded its Positive to Neutral on December 15, 2022, whereas the target price for the stock was revised from $310 to $365.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 14 when Kothandaraman Badrinarayanan sold 36,327 shares for $327.65 per share. The transaction valued at 11,902,454 led to the insider holds 1,131,459 shares of the business.

McNeil Jeff sold 15,000 shares of ENPH for $4,896,339 on Dec 13. The EVP & Chief Operating Officer now owns 15,000 shares after completing the transaction at $326.42 per share. On Dec 09, another insider, Kothandaraman Badrinarayanan, who serves as the President & CEO of the company, sold 82,347 shares for $317.48 each. As a result, the insider received 26,143,358 and left with 1,167,786 shares of the company.

Valuation Measures:

As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 107.06, and their Forward P/E ratio for the next fiscal year is 41.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.80 while its Price-to-Book (P/B) ratio in mrq is 48.77.

Stock Price History:

Over the past 52 weeks, ENPH has reached a high of $339.92, while it has fallen to a 52-week low of $113.40. The 50-Day Moving Average of the stock is 287.83, while the 200-Day Moving Average is calculated to be 247.52.

Shares Statistics:

Over the past 3-months, ENPH traded about 3.81M shares per day on average, while over the past 10 days, ENPH traded about 4.65M shares per day. A total of 135.63M shares are outstanding, with a floating share count of 133.17M. Insiders hold about 1.20% of the company’s shares, while institutions hold 81.20% stake in the company. Shares short for ENPH as of Oct 13, 2022 were 4.45M with a Short Ratio of 4.88M, compared to 4.21M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.28% and a Short% of Float of 4.36%.

Earnings Estimates

Current recommendations for the stock of the company come from 25 analysts. On average, analysts expect EPS of $1.23 for the current quarter, with a high estimate of $1.46 and a low estimate of $0.69, while EPS last year was $0.73. The consensus estimate for the next quarter is $1.09, with high estimates of $1.38 and low estimates of $0.83.

Analysts are recommending an EPS of between $4.78 and $3.57 for the fiscal current year, implying an average EPS of $4.36. EPS for the following year is $5.31, with 28 analysts recommending between $6.99 and $3.71.

Revenue Estimates

24 analysts predict $694.82M in revenue for the current quarter. It ranges from a high estimate of $718.12M to a low estimate of $655.1M. As of the current estimate, Enphase Energy Inc.’s year-ago sales were $412.72M, an estimated increase of 68.40% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $670.67M, an increase of 52.00% less than the figure of $68.40% in the same quarter last year. There is a high estimate of $741.66M for the next quarter, whereas the lowest estimate is $579.4M.

A total of 30 analysts have provided revenue estimates for ENPH’s current fiscal year. The highest revenue estimate was $2.36B, while the lowest revenue estimate was $2.06B, resulting in an average revenue estimate of $2.3B. In the same quarter a year ago, actual revenue was $1.38B, up 66.10% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $3.13B in the next fiscal year. The high estimate is $4B and the low estimate is $2.68B. The average revenue growth estimate for next year is up 36.20% from the average revenue estimate for this year.