Enphase Energy Inc (NASDAQ:ENPH) shares traded -5.56% lower at $107.17 on Wall Street last session.
ENPH stock price is now -10.15% away from the 50-day moving average and -10.93% away from the 200-day moving average. The market capitalization of the company currently stands at $14.55B.
With the price target enhanced from $140 to $145, TD Cowen maintained Buy rating for Enphase Energy Inc (NASDAQ: ENPH). On April 24, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $135 to quote $111, while ‘Guggenheim’ rates the stock as ‘Sell’
In other news, RANHOFF DAVID A, EVP & Chief Commercial Officer sold 5,000 shares of the company’s stock on Apr 15 ’24. The stock was sold for $581,474 at an average price of $116.29. Upon completion of the transaction, the EVP & Chief Commercial Officer now directly owns 119,948 shares in the company, valued at $12.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, EVP & Chief Commercial Officer RANHOFF DAVID A sold 5,000 shares of the business’s stock. A total of $544,425 was realized by selling the stock at an average price of $108.89. This leaves the insider owning 124,948 shares of the company worth $13.39 million. A total of 3.98% 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 $228.36. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 4.16, and a quick ratio of 3.78.
The net profit margin was 15.10% and return on equity was 29.16% for ENPH. The company reported revenue of $263.34 million for the quarter, compared to $726.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -63.73 percent.
