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The closing price of Enphase Energy Inc (NASDAQ: ENPH) was $119.31 for the day, up 1.99% from the previous closing price of $116.98. In other words, the price has increased by $1.99 from its previous closing price. On the day, 1.79 million shares were traded. ENPH stock price reached its highest trading level at $119.8403 during the session, while it also had its lowest trading level at $117.26.
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 9.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.47. 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 the company, Exane BNP Paribas on August 07, 2024, Upgraded its rating to Outperform and sets its target price to $144 from $120 previously.
On July 24, 2024, Canaccord Genuity reiterated its Buy rating and also upped its target price recommendation from $150 to $140.
HSBC Securities Upgraded its Hold to Buy on June 10, 2024, while the target price for the stock was maintained at $166.
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 Aug 15 ’24 when DAVID A RANHOFF bought 5,000 shares for $113.30 per share.
RANHOFF DAVID A sold 5,000 shares of ENPH for $616,348 on Jun 17 ’24. The EVP & Chief Commercial Officer now owns 107,943 shares after completing the transaction at $123.27 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 16157198336 and an Enterprise Value of 15832161280. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 130.39, and their Forward P/E ratio for the next fiscal year is 24.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.37 while its Price-to-Book (P/B) ratio in mrq is 18.26. Its current Enterprise Value per Revenue stands at 11.146 whereas that against EBITDA is 93.453.
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 7.38%, while the 200-Day Moving Average is calculated to be 5.73%.
Shares Statistics:
ENPH traded an average of 3.94M shares per day over the past three months and 1958210 shares per day over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.17M. Insiders hold about 3.88% of the company’s shares, while institutions hold 84.97% stake in the company. Shares short for ENPH as of 1722384000 were 15398693 with a Short Ratio of 3.91, compared to 1719532800 on 13669519. Therefore, it implies a Short% of Shares Outstanding of 15398693 and a Short% of Float of 15.27.
