For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Enphase Energy Inc (NASDAQ: ENPH) was $70.19 for the day, down -2.69% from the previous closing price of $72.13. In other words, the price has decreased by -$2.69 from its previous closing price. On the day, 3.35 million shares were traded. ENPH stock price reached its highest trading level at $71.01 during the session, while it also had its lowest trading level at $67.7088.
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 5.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.86. 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 9483161600 and an Enterprise Value of 9048752128. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 160.07, and their Forward P/E ratio for the next fiscal year is 18.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.49 while its Price-to-Book (P/B) ratio in mrq is 10.18. Its current Enterprise Value per Revenue stands at 7.238 whereas that against EBITDA is 87.937.
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 -4.72%, while the 200-Day Moving Average is calculated to be -31.96%.
Shares Statistics:
ENPH traded an average of 4.60M shares per day over the past three months and 3010020 shares per day over the past ten days. A total of 135.08M shares are outstanding, with a floating share count of 129.68M. Insiders hold about 4.01% of the company’s shares, while institutions hold 87.50% stake in the company. Shares short for ENPH as of 1734048000 were 19262571 with a Short Ratio of 4.19, compared to 1731628800 on 20794633. Therefore, it implies a Short% of Shares Outstanding of 19262571 and a Short% of Float of 19.17.
