In the latest session, Enphase Energy Inc (NASDAQ: ENPH) closed at $115.24 up 2.65% from its previous closing price of $112.27. In other words, the price has increased by $+2.97 from its previous closing price. On the day, 2621640 shares were traded. ENPH stock price reached its highest trading level at $116.45 during the session, while it also had its lowest trading level at $112.36.
Ratios:
For a deeper understanding of Enphase Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.68. For the most recent quarter (mrq), Quick Ratio is recorded 4.19 and its Current Ratio is at 4.59. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.33.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $140.
Oppenheimer Upgraded its Perform to Outperform on February 07, 2024, while the target price for the stock was maintained at $133.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when RANHOFF DAVID A sold 5,000 shares for $108.89 per share. The transaction valued at 544,425 led to the insider holds 124,948 shares of the business.
Kothandaraman Badrinarayanan bought 4,000 shares of ENPH for $482,154 on Feb 27 ’24. The President & CEO now owns 1,655,171 shares after completing the transaction at $120.54 per share. On Feb 09 ’24, another insider, MORA RICHARD, who serves as the Director of the company, sold 24,285 shares for $120.59 each. As a result, the insider received 2,928,586 and left with 3,126 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 15.68B and an Enterprise Value of 15.28B. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.59, and their Forward P/E ratio for the next fiscal year is 21.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.83 while its Price-to-Book (P/B) ratio in mrq is 15.90. Its current Enterprise Value per Revenue stands at 6.67 whereas that against EBITDA is 25.61.
Stock Price History:
Over the past 52 weeks, ENPH has reached a high of $231.42, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is 117.92, while the 200-Day Moving Average is calculated to be 123.01.
Shares Statistics:
For the past three months, ENPH has traded an average of 4.17M shares per day and 3.48M over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.39M. Insiders hold about 3.95% of the company’s shares, while institutions hold 75.88% stake in the company. Shares short for ENPH as of Mar 15, 2024 were 10.02M with a Short Ratio of 2.40, compared to 10.26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.38% and a Short% of Float of 9.79%.
Earnings Estimates
There are 27 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.69 and a low estimate of $0.16, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.64, with high estimates of $0.89 and low estimates of $0.32.
Analysts are recommending an EPS of between $4.31 and $1.95 for the fiscal current year, implying an average EPS of $3.33. EPS for the following year is $5.49, with 32 analysts recommending between $7.49 and $4.
Revenue Estimates
A total of 28 analysts believe the company’s revenue will be $283.71M this quarter.It ranges from a high estimate of $380M to a low estimate of $263.48M. As of the current estimate, Enphase Energy Inc’s year-ago sales were $726.02M, an estimated decrease of -60.90% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $355.1M, a decrease of -50.10% over than the figure of -$60.90% in the same quarter last year. There is a high estimate of $402.75M for the next quarter, whereas the lowest estimate is $305M.
A total of 37 analysts have provided revenue estimates for ENPH’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.42B, resulting in an average revenue estimate of $1.61B. In the same quarter a year ago, actual revenue was $2.29B, down -29.80% from the average estimate. Based on 36 analysts’ estimates, the company’s revenue will be $2.28B in the next fiscal year. The high estimate is $2.67B and the low estimate is $1.83B. The average revenue growth estimate for next year is up 41.90% from the average revenue estimate for this year.
