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The price of Enphase Energy Inc (NASDAQ: ENPH) closed at $116.69 in the last session, down -0.26% from day before closing price of $117.00. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1.61 million shares were traded. ENPH stock price reached its highest trading level at $118.125 during the session, while it also had its lowest trading level at $114.68.
Ratios:
We take a closer look at ENPH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.27. 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 August 07, 2024, Exane BNP Paribas Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $120 to $144.
Canaccord Genuity reiterated its Buy rating for the stock on July 24, 2024, while the target price for the stock was revised from $150 to $140.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 15802393600 and an Enterprise Value of 15477354496. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 127.53, and their Forward P/E ratio for the next fiscal year is 24.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.12 while its Price-to-Book (P/B) ratio in mrq is 17.86. Its current Enterprise Value per Revenue stands at 10.896 whereas that against EBITDA is 91.359.
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 3.35%, while the 200-Day Moving Average is calculated to be 1.02%.
Shares Statistics:
According to the various share statistics, ENPH traded on average about 3.32M shares per day over the past 3-months and 2787330 shares per day over the past 10 days. 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 84.74% stake in the company. Shares short for ENPH as of 1724976000 were 14579495 with a Short Ratio of 4.39, compared to 1722384000 on 15398693. Therefore, it implies a Short% of Shares Outstanding of 14579495 and a Short% of Float of 14.46.
