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After finishing at $116.17 in the prior trading day, Enphase Energy Inc (NASDAQ: ENPH) closed at $111.15, down -4.32%. In other words, the price has decreased by -$4.32 from its previous closing price. On the day, 3.91 million shares were traded. ENPH stock price reached its highest trading level at $115.19 during the session, while it also had its lowest trading level at $108.62.
Ratios:
Our goal is to gain a better understanding of ENPH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.39. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 15817756672 and an Enterprise Value of 14813577216. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.59, and their Forward P/E ratio for the next fiscal year is 22.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.27 while its Price-to-Book (P/B) ratio in mrq is 16.38. Its current Enterprise Value per Revenue stands at 8.103 whereas that against EBITDA is 44.314.
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 -3.95%, while the 200-Day Moving Average is calculated to be -1.38%.
Shares Statistics:
The stock has traded on average 4.14M shares per day over the past 3-months and 4172980 shares per day over the last 10 days, according to various share statistics. 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 79.18% stake in the company. Shares short for ENPH as of 1719532800 were 13669519 with a Short Ratio of 3.30, compared to 1717113600 on 13439976. Therefore, it implies a Short% of Shares Outstanding of 13669519 and a Short% of Float of 13.469999999999999.
