The price of Enphase Energy Inc (NASDAQ:ENPH) shares last traded on Wall Street fell -7.05% to $112.27.
ENPH stock price is now -4.59% away from the 50-day moving average and -9.15% away from the 200-day moving average. The market capitalization of the company currently stands at $15.24B.
With the price target maintained at $121, Citigroup recently Downgraded its rating from Buy to Neutral for Enphase Energy Inc (NASDAQ: ENPH). On February 14, 2024, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $140, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, RANHOFF DAVID A, EVP & Chief Commercial Officer sold 5,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $544,425 at an average price of $108.89. Upon completion of the transaction, the EVP & Chief Commercial Officer now directly owns 124,948 shares in the company, valued at $14.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, President & CEO Kothandaraman Badrinarayanan bought 4,000 shares of the business’s stock. A total of $482,154 was incurred on buying the stock at an average price of $120.54. This leaves the insider owning 1,655,171 shares of the company worth $185.83 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 $14.85B, which is based on a 36.62 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for ENPH is $117.76 and a two-hundred day moving average price translates $123.27 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 $283.97M in revenue.
