The stock of Enphase Energy Inc. (NASDAQ:ENPH) decreased by -$2.95 on Tuesday to $135.64, down -2.13 percent. The last five days have seen an average of 2,349,712 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$129.16. The average number of shares traded over the last 20 days was 4,614,508, while the average volume over the last 50 days totaled 3,949,811.
ENPH stock dropped -28.49% since last month. On 08/14/23, the company’s shares reached a one-month low of $131.67. The stock touched a high of $339.92 on 01/03/23, after rallying from a low of $131.67 in 52 weeks. The price of ENPH stock has declined by -48.81% or -$129.16 this year, reaching a new high 1 time. Still, the stock price is down -60.10% from the 52-week high.
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Insider Transactions
ENPH stock investors should be aware that Enphase Energy Inc. (ENPH) stock had its last reported insider trading activity 77 days ago on May 30. On May 30, EVP & Chief Commercial Officer RANHOFF DAVID A sold 1,791 shares at $175.10 each. This transaction resulted in the insider making $313,609. On May 26, MORA RICHARD sold 1,500 shares at a price of US$165.92. After the transaction, the insider now owns 3,126 shares. VP, Chief Financial Officer Yang Mandy had earlier bought 3,500 shares on May 02 for $156.86 a share. The transaction was completed for $549,022.
Valuation Metrics
Enphase Energy Inc. (ENPH) has a trailing price-to-earnings (P/E) ratio of 34.48. Beta for the stock is 1.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.68, the price-to-book (PB) ratio of 19.05, and the price-to-cash flow ratio of 21.57.
Financial Health
For the three months ended June 29, Enphase Energy Inc.’s quick ratio was 3.20, while its current ratio was 3.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.23, and the total debt to equity ratio is 1.33. As far as profitability goes, gross margin for the trailing twelve months is 43.90% percent. Enphase Energy Inc.’s EBITDA margin for the year ended June 29 was 21.67%, whereas its operating margin stood at 22.50% for the same period. Based on annual data, it had gross profit of $448.26 million and revenue of $2.33 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ENPH’s return on assets (ROA) during the last 12 months has been 18.10%. There was a 18.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 67.80%.
Earnings Surprise
According to Enphase Energy Inc.’s quarterly financial report for the quarter that ended June 29, it had $1.2 billion in total debt versus $1.52 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $711.12 million, while revenues rose by 25.44% to $726.02 million. It was predicted that Enphase Energy Inc.’s quarterly earnings would be $1.47, but it ended up being $1.25, beating the consensus by 17.60%. EBITDA was $177.99 million for the quarter. At the end of Enphase Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 2.49 billion, while its total debt was $1.32 billion. Equity owned by shareholders amounts to $136.35 million.
Technical Picture
Here’s a quick look at Enphase Energy Inc.’s (ENPH) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 28.36%, suggesting the stock is oversold, with a 27.20% historical volatility rate.
The stochastic %K and %D were 10.16% and 9.45% respectively, while the average true range (ATR) was 6.19. Based on the 14-day stochastic reading of 9.40%, the RSI (14) reading is 31.04%. On the 9-day MACD Oscillator, the stock is at -0.81, and the 14-day reading is at -6.33.
Analyst Ratings
Enphase Energy Inc. (NASDAQ: ENPH) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight.
