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The closing price of Enphase Energy Inc (NASDAQ: ENPH) was $63.57 for the day, up 0.30% from the previous closing price of $63.38. In other words, the price has increased by $0.30 from its previous closing price. On the day, 4.19 million shares were traded. ENPH stock price reached its highest trading level at $65.535 during the session, while it also had its lowest trading level at $62.72.
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 4.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.54. 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.
On November 08, 2024, Exane BNP Paribas Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $88.
Jefferies Downgraded its Hold to Underperform on November 07, 2024, whereas the target price for the stock was revised from $93 to $61.
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 Nov 19 ’24 when Kothandaraman Badrinarayanan bought 2,564 shares for $61.10 per share. The transaction valued at 156,670 led to the insider holds 1,592,260 shares of the business.
Kothandaraman Badrinarayanan bought 2,436 shares of ENPH for $152,058 on Nov 20 ’24. The President & CEO now owns 1,594,696 shares after completing the transaction at $62.42 per share. On Nov 14 ’24, another insider, Kothandaraman Badrinarayanan, who serves as the President & CEO of the company, bought 5,000 shares for $60.38 each. As a result, the insider paid 301,902 and bolstered with 1,589,696 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 8588752384 and an Enterprise Value of 8154345984. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 144.97, and their Forward P/E ratio for the next fiscal year is 16.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.87 while its Price-to-Book (P/B) ratio in mrq is 9.22. Its current Enterprise Value per Revenue stands at 6.522 whereas that against EBITDA is 79.245.
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 $58.33. The 50-Day Moving Average of the stock is -30.75%, while the 200-Day Moving Average is calculated to be -42.07%.
Shares Statistics:
ENPH traded an average of 4.12M shares per day over the past three months and 7857950 shares per day over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 129.69M. Insiders hold about 4.01% of the company’s shares, while institutions hold 87.37% stake in the company. Shares short for ENPH as of 1730332800 were 15843318 with a Short Ratio of 3.85, compared to 1727654400 on 13853961. Therefore, it implies a Short% of Shares Outstanding of 15843318 and a Short% of Float of 15.76.