Metric Analysis: Enphase Energy Inc (ENPH)’s Key Ratios in the Limelight

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In the latest session, Enphase Energy Inc (NASDAQ: ENPH) closed at $106.67 down -1.75% from its previous closing price of $108.57. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 5.68 million shares were traded. ENPH stock price reached its highest trading level at $108.8 during the session, while it also had its lowest trading level at $105.42.

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 8.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.88. For the most recent quarter (mrq), Quick Ratio is recorded 3.78 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 April 26, 2024, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $115 to $134.

TD Cowen reiterated its Buy rating for the stock on April 24, 2024, while the target price for the stock was revised from $140 to $145.

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 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 14513841152 and an Enterprise Value of 14204016640. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.27, and their Forward P/E ratio for the next fiscal year is 21.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.94 while its Price-to-Book (P/B) ratio in mrq is 15.72. Its current Enterprise Value per Revenue stands at 7.77 whereas that against EBITDA is 42.49.

Stock Price History:

Over the past 52 weeks, ENPH has reached a high of $192.22, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -9.49%, while the 200-Day Moving Average is calculated to be -6.52%.

Shares Statistics:

For the past three months, ENPH has traded an average of 3.87M shares per day and 4009850 over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 131.08M. Insiders hold about 3.66% of the company’s shares, while institutions hold 78.97% stake in the company. Shares short for ENPH as of 1715731200 were 11994863 with a Short Ratio of 3.48, compared to 1713139200 on 11427829. Therefore, it implies a Short% of Shares Outstanding of 11994863 and a Short% of Float of 11.82.

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