The closing price of Enphase Energy Inc (NASDAQ: ENPH) was $110.47 for the day, down -1.78% from the previous closing price of $112.47. On the day, 2932679 shares were traded.
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 8.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.58. 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:
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 Apr 15 ’24 when RANHOFF DAVID A sold 5,000 shares for $116.29 per share. The transaction valued at 581,474 led to the insider holds 119,948 shares of the business.
RANHOFF DAVID A sold 5,000 shares of ENPH for $544,425 on Mar 15 ’24. The EVP & Chief Commercial Officer now owns 124,948 shares after completing the transaction at $108.89 per share. On Feb 27 ’24, another insider, Kothandaraman Badrinarayanan, who serves as the President & CEO of the company, bought 4,000 shares for $120.54 each. As a result, the insider paid 482,154 and bolstered with 1,655,171 shares of the company.
Valuation Measures:
As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.04, and their Forward P/E ratio for the next fiscal year is 20.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.55 while its Price-to-Book (P/B) ratio in mrq is 15.24.
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.
Shares Statistics:
A total of 135.72M shares are outstanding, with a floating share count of 130.35M. Insiders hold about 3.99% of the company’s shares, while institutions hold 75.58% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by 27 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.69 and a low estimate of $0.18, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.63, 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 $3.3. EPS for the following year is $5.45, with 32 analysts recommending between $7.49 and $4.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 28 analysts. It ranges from a high estimate of $380M to a low estimate of $259.46M. As of the current estimate, Enphase Energy Inc’s year-ago sales were $726.02M, an estimated decrease of -61.00% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $354.32M, a decrease of -50.20% over than the figure of -$61.00% 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 $1.6B. In the same quarter a year ago, actual revenue was $2.29B, down -30.00% 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 $2.73B and the low estimate is $1.83B. The average revenue growth estimate for next year is up 42.10% from the average revenue estimate for this year.
