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The price of Enphase Energy Inc (NASDAQ: ENPH) closed at $109.37 in the last session, down -3.83% from day before closing price of $113.72. In other words, the price has decreased by -$3.83 from its previous closing price. On the day, 3.56 million shares were traded. ENPH stock price reached its highest trading level at $114.22 during the session, while it also had its lowest trading level at $109.23.
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 9.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.93. 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.
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 this company, Canaccord Genuity on July 24, 2024, Reiterated its Buy rating but revised its target price to $140 from $150 previously.
On June 10, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $166.
Barclays Upgraded its Equal Weight to Overweight on April 26, 2024, whereas the target price for the stock was revised from $115 to $134.
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 Jun 17 ’24 when RANHOFF DAVID A sold 5,000 shares for $123.27 per share. The transaction valued at 616,348 led to the insider holds 107,943 shares of the business.
Rodgers Thurman J sold 5,188 shares of ENPH for $672,346 on May 30 ’24. The Director now owns 1,979,374 shares after completing the transaction at $129.60 per share. On May 29 ’24, another insider, Rodgers Thurman J, who serves as the Director of the company, sold 319,526 shares for $126.53 each. As a result, the insider received 40,431,110 and left with 1,984,562 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 14811104256 and an Enterprise Value of 15075150848. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.53, and their Forward P/E ratio for the next fiscal year is 22.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.43 while its Price-to-Book (P/B) ratio in mrq is 16.74. Its current Enterprise Value per Revenue stands at 10.613 whereas that against EBITDA is 88.985.
Stock Price History:
Over the past 52 weeks, ENPH has reached a high of $156.67, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -5.18%, while the 200-Day Moving Average is calculated to be -2.66%.
Shares Statistics:
According to the various share statistics, ENPH traded on average about 4.17M shares per day over the past 3-months and 5268340 shares per day over the past 10 days. A total of 135.72M shares are outstanding, with a floating share count of 130.46M. Insiders hold about 3.66% of the company’s shares, while institutions hold 81.31% stake in the company. Shares short for ENPH as of 1721001600 were 14554650 with a Short Ratio of 3.49, compared to 1718323200 on 12947540. Therefore, it implies a Short% of Shares Outstanding of 14554650 and a Short% of Float of 14.44.
