For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Enphase Energy Inc’s stock clocked out at $114.20, up 7.67% from its previous closing price of $106.06. In other words, the price has increased by $7.67 from its previous closing price. On the day, 5.97 million shares were traded. ENPH stock price reached its highest trading level at $117.26 during the session, while it also had its lowest trading level at $110.52.
Ratios:
To gain a deeper understanding of ENPH’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.42. For the most recent quarter (mrq), Quick Ratio is recorded 3.78 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 the company, Barclays on April 26, 2024, Upgraded its rating to Overweight and sets its target price to $134 from $115 previously.
On April 24, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $140 to $145.
Jefferies Downgraded its Buy to Hold on April 24, 2024, whereas the target price for the stock was revised from $135 to $111.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 02 ’24 when Yang Mandy bought 4,000 shares for $104.24 per share. The transaction valued at 416,972 led to the insider holds 62,973 shares of the business.
GOMO STEVEN J sold 25,000 shares of ENPH for $2,751,933 on Apr 26 ’24. The Director now owns 93,360 shares after completing the transaction at $110.08 per share. On Apr 25 ’24, another insider, GOMO STEVEN J, who serves as the Director of the company, sold 20,000 shares for $104.69 each. As a result, the insider received 2,093,735 and left with 118,360 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 15538395136 and an Enterprise Value of 15228568576. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.17, and their Forward P/E ratio for the next fiscal year is 22.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.50 while its Price-to-Book (P/B) ratio in mrq is 16.83. Its current Enterprise Value per Revenue stands at 8.33 whereas that against EBITDA is 45.555.
Stock Price History:
Over the past 52 weeks, ENPH has reached a high of $192.22, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -1.86%, while the 200-Day Moving Average is calculated to be -3.05%.
Shares Statistics:
It appears that ENPH traded 4.27M shares on average per day over the past three months and 5211940 shares per day over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.72M. Insiders hold about 3.93% of the company’s shares, while institutions hold 75.11% stake in the company. Shares short for ENPH as of 1713139200 were 11427829 with a Short Ratio of 2.68, compared to 1710460800 on 10019263. Therefore, it implies a Short% of Shares Outstanding of 11427829 and a Short% of Float of 11.270001.
