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In the latest session, Enphase Energy Inc (NASDAQ: ENPH) closed at $110.51 up 3.78% from its previous closing price of $106.48. In other words, the price has increased by $3.78 from its previous closing price. On the day, 3.56 million shares were traded. ENPH stock price reached its highest trading level at $110.8913 during the session, while it also had its lowest trading level at $105.6127.
Ratios:
For a deeper understanding of Enphase Energy Inc’s stock, let’s take a closer look at its various ratios. 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 25.59. 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 April 05, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $121.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $140.RBC Capital Mkts initiated its Outperform rating on February 14, 2024, with a $140 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 15028144128 and an Enterprise Value of 14625490944. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.05, and their Forward P/E ratio for the next fiscal year is 20.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. 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 15.25. Its current Enterprise Value per Revenue stands at 6.384 whereas that against EBITDA is 27.789.
Stock Price History:
The Beta on a monthly basis for ENPH is 1.49, which has changed by -0.49904805 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, ENPH has reached a high of $228.36, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -7.59%, while the 200-Day Moving Average is calculated to be -8.55%.
Shares Statistics:
For the past three months, ENPH has traded an average of 4.04M shares per day and 3406620 over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.35M. Insiders hold about 3.98% of the company’s shares, while institutions hold 75.55% stake in the company. Shares short for ENPH as of 1711584000 were 10185766 with a Short Ratio of 2.52, compared to 1709164800 on 9065082. Therefore, it implies a Short% of Shares Outstanding of 10185766 and a Short% of Float of 10.05.
Earnings Estimates
Currently, 27 analysts are dedicated to thoroughly evaluating and rating the performance of Enphase Energy Inc (ENPH) in the stock market.On average, analysts expect EPS of $0.4 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 $0.62, 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 $3.24. EPS for the following year is $5.4, with 32 analysts recommending between $7.49 and $3.61.
Revenue Estimates
A total of 29 analysts believe the company’s revenue will be $283.15M this quarter.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, 29 analysts are estimating revenue of $352.06M, a decrease of -50.50% 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 38 analysts have provided revenue estimates for ENPH’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.32B, resulting in an average revenue estimate of $1.59B. In the same quarter a year ago, actual revenue was $2.29B, down -30.50% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $2.27B 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 42.90% from the average revenue estimate for this year.
