Enphase Energy Inc (NASDAQ:ENPH) stock is trading 80.02 percent above its 52-week low - Summa Money (2024)

Barclays raised the price target for the Enphase Energy Inc (NASDAQ:ENPH) stock from “an Equal weight” to “an Overweight”. The rating was released on April 26, 2024, according to finviz. We previously noted in another research note published on April 24, 2024 by TD Cowen that reiterated the stock to a Buy with a price target of $145 for ENPH stock. The research report from Jefferies has downgraded the stock from Buy to Hold, with a price target set at $111. The stock was downgraded by Guggenheim, who disclosed in a research note on April 24, 2024, from Neutral to Sell and set the price objective to $92.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 1.26% within the last five trades and 15.12% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 20.27% in the last 6 months and 2.01% was added to its value over the previous 3 months. ENPH stock is trading at a margin of 10.28%, 13.89% and 15.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, ENPH deals in the Technology domain. The stock is trading -31.17 percent below its 52-week high and 80.02 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -11.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Enphase Energy Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 14.54 percent and the profit margin is 15.10 percent, and the company has reported a gross margin of 45.19 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $18.00 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Enphase Energy Inc (NASDAQ:ENPH) is 68.55. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 26.16. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 9.85 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 19.50, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.67 percent of Enphase Energy Inc shares are owned by insiders, and 78.91 percent are held by financial institutions. Rodgers Thurman J, the Director at Enphase Energy Inc (ENPH) has sold 5,188 shares of firm on May 30 ’24 at a price of $129.60 against the total amount of $0.67 million. In another inside trade, Rodgers Thurman J, Director of Enphase Energy Inc (NASDAQ:ENPH) sold 319,526 shares of the firm on May 29 ’24 for a total worth of $40.43 million at a price of $126.53. An inside trade which took place on May 15 ’24, EVP & Chief Commercial Officer of Enphase Energy Inc RANHOFF DAVID A sold 5,000 shares of firm against total price of $0.59 million at the cost of $118.82 per share.

Enphase Energy Inc (NASDAQ:ENPH) stock is trading 80.02 percent above its 52-week low - Summa Money (2024)
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