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After finishing at $91.57 in the prior trading day, Enphase Energy Inc (NASDAQ: ENPH) closed at $91.64, up 0.08%. In other words, the price has increased by $0.08 from its previous closing price. On the day, 2.81 million shares were traded. ENPH stock price reached its highest trading level at $92.53 during the session, while it also had its lowest trading level at $90.83.
Ratios:
Our goal is to gain a better understanding of ENPH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.83. For the most recent quarter (mrq), Quick Ratio is recorded 3.90 and its Current Ratio is at 4.23. In the meantime, Its Debt-to-Equity ratio is 1.49 whereas as Long-Term Debt/Eq ratio is at 1.38.
On October 16, 2024, Susquehanna Downgraded its rating to Neutral which previously was Positive and also lowered its target price recommendation from $147 to $104.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on October 15, 2024, whereas the target price for the stock was revised from $125 to $100.
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 Sep 16 ’24 when DAVID A RANHOFF bought 5,000 shares for $109.85 per share.
DAVID A RANHOFF bought 5,000 shares of ENPH for $566,500 on Aug 15 ’24. On Jun 17 ’24, another insider, RANHOFF DAVID A, who serves as the EVP & Chief Commercial Officer of the company, sold 5,000 shares for $123.27 each. As a result, the insider received 616,348 and left with 107,943 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENPH now has a Market Capitalization of 12410072064 and an Enterprise Value of 12085029888. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 100.15, and their Forward P/E ratio for the next fiscal year is 19.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.74 while its Price-to-Book (P/B) ratio in mrq is 14.03. Its current Enterprise Value per Revenue stands at 8.508 whereas that against EBITDA is 71.335.
Stock Price History:
Over the past 52 weeks, ENPH has reached a high of $141.63, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -17.43%, while the 200-Day Moving Average is calculated to be -19.51%.
Shares Statistics:
The stock has traded on average 2.89M shares per day over the past 3-months and 3112930 shares per day over the last 10 days, according to various share statistics. A total of 135.72M shares are outstanding, with a floating share count of 130.44M. Insiders hold about 3.68% of the company’s shares, while institutions hold 85.04% stake in the company. Shares short for ENPH as of 1727654400 were 13853961 with a Short Ratio of 4.80, compared to 1724976000 on 14579495. Therefore, it implies a Short% of Shares Outstanding of 13853961 and a Short% of Float of 13.74.
