Enphase Energy Inc (NASDAQ: ENPH) closed the day trading at $107.73 down -2.43% from the previous closing price of $110.41. In other words, the price has decreased by -$2.68 from its previous closing price. On the day, 4718178 shares were traded. ENPH stock price reached its highest trading level at $110.88 during the session, while it also had its lowest trading level at $106.53.
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Ratios:
For a better understanding of ENPH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.94. For the most recent quarter (mrq), Quick Ratio is recorded 4.19 and its Current Ratio is at 4.59. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.33.
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 this company, RBC Capital Mkts on February 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $140.
On February 07, 2024, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $133.
Truist Upgraded its Hold to Buy on January 23, 2024, whereas the target price for the stock was revised from $85 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 Mar 15 ’24 when RANHOFF DAVID A sold 5,000 shares for $108.89 per share. The transaction valued at 544,425 led to the insider holds 124,948 shares of the business.
Kothandaraman Badrinarayanan bought 4,000 shares of ENPH for $482,154 on Feb 27 ’24. The President & CEO now owns 1,655,171 shares after completing the transaction at $120.54 per share. On Feb 09 ’24, another insider, MORA RICHARD, who serves as the Director of the company, sold 24,285 shares for $120.59 each. As a result, the insider received 2,928,586 and left with 3,126 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 14.63B and an Enterprise Value of 14.23B. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.14, and their Forward P/E ratio for the next fiscal year is 19.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.38 while its Price-to-Book (P/B) ratio in mrq is 14.86. Its current Enterprise Value per Revenue stands at 6.21 whereas that against EBITDA is 23.85.
Stock Price History:
Over the past 52 weeks, ENPH has reached a high of $231.42, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is 116.77, while the 200-Day Moving Average is calculated to be 127.78.
Shares Statistics:
Over the past 3-months, ENPH traded about 4.70M shares per day on average, while over the past 10 days, ENPH traded about 3.48M shares per day. A total of 135.72M shares are outstanding, with a floating share count of 130.39M. Insiders hold about 3.95% of the company’s shares, while institutions hold 80.02% stake in the company. Shares short for ENPH as of Feb 29, 2024 were 9.07M with a Short Ratio of 1.93, compared to 10.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.68% and a Short% of Float of 8.86%.
Earnings Estimates
Current recommendations for the stock of the company come from 27 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.69 and a low estimate of $0.16, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.64, with high estimates of $0.89 and low estimates of $0.32.
Analysts are recommending an EPS of between $4.31 and $1.95 for the fiscal current year, implying an average EPS of $3.34. EPS for the following year is $5.49, with 32 analysts recommending between $7.49 and $4.
Revenue Estimates
28 analysts predict $286.01M in revenue for the current quarter. It ranges from a high estimate of $380M to a low estimate of $263.48M. As of the current estimate, Enphase Energy Inc’s year-ago sales were $726.02M, an estimated decrease of -60.60% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $358.69M, a decrease of -49.60% over than the figure of -$60.60% in the same quarter last year. There is a high estimate of $402.75M for the next quarter, whereas the lowest estimate is $322.1M.
A total of 37 analysts have provided revenue estimates for ENPH’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.44B, resulting in an average revenue estimate of $1.62B. In the same quarter a year ago, actual revenue was $2.29B, down -29.40% from the average estimate. Based on 36 analysts’ estimates, the company’s revenue will be $2.29B in the next fiscal year. The high estimate is $2.67B and the low estimate is $1.86B. The average revenue growth estimate for next year is up 41.50% from the average revenue estimate for this year.
