The price of Enphase Energy Inc (NASDAQ:ENPH) shares last traded on Wall Street fell -6.57% to $110.41.
ENPH stock price is now -6.03% away from the 50-day moving average and -14.00% away from the 200-day moving average. The market capitalization of the company currently stands at $14.99B.
With the price target of $140, RBC Capital Mkts recently initiated with Outperform rating for Enphase Energy Inc (NASDAQ: ENPH). On February 07, 2024, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $133, while ‘Truist’ rates the stock as ‘Buy’
In other news, Kothandaraman Badrinarayanan, President & CEO bought 4,000 shares of the company’s stock on Feb 27 ’24. The stock was bought for $482,154 at an average price of $120.54. Upon completion of the transaction, the President & CEO now directly owns 1,655,171 shares in the company, valued at $182.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director MORA RICHARD sold 24,285 shares of the business’s stock. A total of $2,928,586 was realized by selling the stock at an average price of $120.59. This leaves the insider owning 3,126 shares of the company worth $0.35 million. A total of 3.95% of the company’s stock is owned by insiders.
During the past 12 months, Enphase Energy Inc has had a low of $73.49 and a high of $231.42. As of last week, the company has a debt-to-equity ratio of 1.34, a current ratio of 4.59, and a quick ratio of 4.19. According to the stock market information, the enterprise value for the company is $14.60B, which is based on a 36.02 price-to-earnings ratio, a 2.43 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for ENPH is $117.07 and a two-hundred day moving average price translates $128.11 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for Dec, 2023. According to the Solar Company, earnings per share came in at $0.54, missing analysts’ expectations of $0.55 by -0.01. This compares to $1.06 EPS in the same period last year. The net profit margin was 19.16% and return on equity was 48.52% for ENPH. The company reported revenue of $302.57 million for the quarter, compared to $724.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -58.25 percent. For the current quarter, analysts expect ENPH to generate $286.01M in revenue.
