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In the latest session, Enphase Energy Inc (NASDAQ: ENPH) closed at $112.52 up 3.13% from its previous closing price of $109.11. In other words, the price has increased by $3.13 from its previous closing price. On the day, 1.75 million shares were traded. ENPH stock price reached its highest trading level at $112.71 during the session, while it also had its lowest trading level at $109.4.
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 9.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.37. 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:
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 15237683200 and an Enterprise Value of 14912644096. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 122.97, and their Forward P/E ratio for the next fiscal year is 23.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.73 while its Price-to-Book (P/B) ratio in mrq is 17.22. Its current Enterprise Value per Revenue stands at 10.499 whereas that against EBITDA is 88.025.
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 -0.16%, while the 200-Day Moving Average is calculated to be 0.54%.
Shares Statistics:
For the past three months, ENPH has traded an average of 4.07M shares per day and 2865000 over the past ten days. A total of 135.72M shares are outstanding, with a floating share count of 130.46M. Insiders hold about 3.66% of the company’s shares, while institutions hold 82.30% stake in the company. Shares short for ENPH as of 1722384000 were 15398693 with a Short Ratio of 3.78, compared to 1719532800 on 13669519. Therefore, it implies a Short% of Shares Outstanding of 15398693 and a Short% of Float of 15.27.
