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The closing price of Enphase Energy Inc (NASDAQ: ENPH) was $84.68 for the day, up 1.01% from the previous closing price of $83.83. In other words, the price has increased by $1.01 from its previous closing price. On the day, 4.35 million shares were traded. ENPH stock price reached its highest trading level at $86.62 during the session, while it also had its lowest trading level at $83.55.
Ratios:
Our analysis of ENPH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.03. For the most recent quarter (mrq), Quick Ratio is recorded 3.88 and its Current Ratio is at 4.16. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.32.
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, TD Cowen on October 23, 2024, Reiterated its Buy rating but revised its target price to $120 from $130 previously.
Guggenheim Downgraded its Neutral to Sell on October 23, 2024, while the target price for the stock was maintained at $73.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 11440861184 and an Enterprise Value of 11006446592. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 193.11, and their Forward P/E ratio for the next fiscal year is 21.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.15 while its Price-to-Book (P/B) ratio in mrq is 12.28. Its current Enterprise Value per Revenue stands at 8.803 whereas that against EBITDA is 106.963.
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 -21.39%, while the 200-Day Moving Average is calculated to be -25.01%.
Shares Statistics:
ENPH traded an average of 3.00M shares per day over the past three months and 6187450 shares per day over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.14M. 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 1728950400 were 14695849 with a Short Ratio of 4.90, compared to 1726185600 on 14158549. Therefore, it implies a Short% of Shares Outstanding of 14695849 and a Short% of Float of 14.63.