As of Friday close, Enphase Energy Inc.’s (NASDAQ:ENPH) stock was down -$4.93, moving down -3.95 percent to $119.92. The average number of shares traded per day over the past five days has been 4,321,960 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.38 fall in that time frame. In the last twenty days, the average volume was 3,274,625, while in the previous 50 days, it was 3,859,472.
Since last month, ENPH stock retreated -8.01%. Shares of the company fell to $116.86 on 09/18/23, 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 $116.86. Since the beginning of this year, ENPH’s stock price has dropped by -54.74% or -$145.04, and marked a new high 1 time. However, the stock has declined by -64.72% 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 9 days ago on Sep 14. Rodgers Thurman J, the Director of the company, purchased of 32,600 shares for $122.76 on Sep 14. It resulted in a $4,001,927 investment by the insider. RANHOFF DAVID A sold 1,791 shares at an average price of $175.10 on May 30. The insider now owns 82,644 shares following the transaction. On May 26, Director MORA RICHARD sold 1,500 shares at $165.92 apiece. The transaction was valued at $248,880.
Valuation Metrics
Right now, Enphase Energy Inc. (ENPH) has a P/E ratio of about 30.48. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 5.94, the price-to-book (PB) ratio of 16.84, and the price-to-cash flow ratio of 19.21 may also be considered.
Financial Health
In the three months ended June 29, Enphase Energy Inc.’s quick ratio stood at 3.20, while its current ratio was 3.40, 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 June 29 was 1.23, and the total debt-to-equity ratio was 1.33. On the profitability front, the trailing twelve-month gross margin is 43.90% percent. In the year ended June 29, EBITDA margin amounted to 21.67%, whereas operating margins totaled 22.50%. 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 67.80%.
In Enphase Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $1.2 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ENPH’s revenue rose 25.44% to $726.02 million during the quarter, while net income inched up to $711.12 million. While analysts expected Enphase Energy Inc. to report $1.25 quarterly earnings, the actual figure was $1.47 per share, beating the consensus estimate by 17.60%. During the quarter, the company generated $177.99 million in EBITDA. The liabilities of Enphase Energy Inc. were 2.49 billion at the end of its most recent quarter ended June 29, and its total debt was $1.32 billion. The value of shareholders’ equity is $136.35 million.
Technical Picture
This quick technical analysis looks at Enphase Energy Inc.’s (ENPH) price momentum. With a historical volatility rate of 41.24%, the RSI 9-day stood at 41.08% on 22 September.
With respect to its five-day moving average, the current Enphase Energy Inc. price is down by -0.32% percent or -$0.38. At present, ENPH shares trade -1.98% below its 20-day simple moving average and -25.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.34% below its SMA50 and -64.29% below its SMA200.
Stochastic coefficient K was 40.00% and Stochastic coefficient D was 37.01%, while ATR was 4.93. Given the Stochastic reading of 22.43% for the 14-day period, the RSI (14) reading has been calculated as 39.31%. As of today, the MACD Oscillator reading stands at 1.41, while the 14-day reading stands at 0.84.
Analyst Ratings
Seaport Research Partners upgraded its rating on Enphase Energy Inc. (NASDAQ: ENPH) to a Buy in a note to investors on September 21, 2023. The analysts firm previously had a Neutral rating on the stock.Enphase Energy Inc. (ENPH) has been rated Overweight by analysts. According to 0 brokerage firms, ENPH is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Enphase Energy Inc. stock as buy, with 23 recommending it as overweight.
With a median target price of $187.50, the current consensus forecast for the stock is $114.00 – $262.00. Based on these forecasts, analysts predict Enphase Energy Inc. (ENPH) will achieve an average price target of $189.65.
