As of Friday close, Enphase Energy Inc.’s (NASDAQ:ENPH) stock was down -$17.46, moving down -8.68 percent to $183.64. The average number of shares traded per day over the past five days has been 4,452,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$26.58 fall in that time frame. In the last twenty days, the average volume was 3,427,915, while in the previous 50 days, it was 4,459,488.
Since last month, ENPH stock retreated -15.71%. Shares of the company fell to $181.55 on 03/17/23, the lowest level in the past month. A 52-week high of $339.92 was reached on 01/03/23 after having rallying from a 52-week low of $128.67. Since the beginning of this year, ENPH’s stock price has dropped by -30.69% or -$81.32, and marked a new high 1 time. However, the stock has declined by -45.98% since its 52-week high.
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ENPH stock investors should be aware that Enphase Energy Inc. (ENPH) stock had its last reported insider trading activity 15 days ago on Mar 03. MORA RICHARD, the Director of the company, disposed of 4,500 shares for $214.62 on Mar 03. It resulted in a $965,775 divestment by the insider. RANHOFF DAVID A sold 7,500 shares at an average price of $203.25 on Feb 21. The insider now owns 97,102 shares following the transaction. On Dec 14, President & CEO Kothandaraman Badrinarayanan sold 36,327 shares at $327.65 apiece. The transaction was valued at $11,902,454.
Valuation Metrics
Right now, Enphase Energy Inc. (ENPH) has a P/E ratio of about 67.07. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 11.00, the price-to-book (PB) ratio of 30.30, and the price-to-cash flow ratio of 36.70 may also be considered.
Financial Health
In the three months ended December 30, Enphase Energy Inc.’s quick ratio stood at 3.30, while its current ratio was 3.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.45, and the total debt-to-equity ratio was 1.56. On the profitability front, the trailing twelve-month gross margin is 41.80% percent. In the year ended December 30, operating margins totaled 19.20%. Based on annual data, ENPH earned $448.26 million in gross profit and brought in $2.33 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.60%. Return on equity (ROE) for the past 12 months was 71.70%.
In Enphase Energy Inc.’s quarter-end financial report for December 30, it reported total debt of $1.2 billion against cash and short-term investments of $1.14 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ENPH’s revenue rose 43.05% to $634.71 million during the quarter, while net income inched up to $724.65 million. While analysts expected Enphase Energy Inc. to report $1.24 quarterly earnings, the actual figure was $1.51 per share, beating the consensus estimate by 21.80%. During the quarter, the company generated $168.25 million in EBITDA. The liabilities of Enphase Energy Inc. were 2.26 billion at the end of its most recent quarter ended December 30, and its total debt was $1.29 billion. The value of shareholders’ equity is $136.5 million.
Technical Picture
This quick technical analysis looks at Enphase Energy Inc.’s (ENPH) price momentum. With a historical volatility rate of 40.07%, the RSI 9-day stood at 22.81% on 17 March.
With respect to its five-day moving average, the current Enphase Energy Inc. price is down by -12.64% percent or -$26.58. At present, ENPH shares trade -9.45% below its 20-day simple moving average and -27.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.02% below its SMA50 and -1.37% below its SMA200.
Stochastic coefficient K was 13.62% and Stochastic coefficient D was 27.55%, while ATR was 11.76. Given the Stochastic reading of 4.27% for the 14-day period, the RSI (14) reading has been calculated as 29.64%. As of today, the MACD Oscillator reading stands at -12.46, while the 14-day reading stands at -14.68.
Analyst Ratings
Scotiabank launched its rating on Enphase Energy Inc. (NASDAQ: ENPH) to a Sector outperform in a note to investors on March 02, 2023. Enphase Energy Inc. (ENPH) has been rated Overweight by analysts. According to 0 brokerage firms, ENPH is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Enphase Energy Inc. stock as buy, with 23 recommending it as overweight.
With a median target price of $300.00, the current consensus forecast for the stock is $235.00 – $365.00. Based on these forecasts, analysts predict Enphase Energy Inc. (ENPH) will achieve an average price target of $298.08.