In yesterday’s Wall Street session, Enphase Energy Inc (NASDAQ:ENPH) shares traded at $111.93, up 3.80% from the previous session.
ENPH stock price is now -5.56% away from the 50-day moving average and -6.46% away from the 200-day moving average. The market capitalization of the company currently stands at $15.23B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $115 to $134, Barclays Upgraded its rating from Equal Weight to Overweight for Enphase Energy Inc (NASDAQ: ENPH). On April 24, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $145, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, GOMO STEVEN J, Director sold 25,000 shares of the company’s stock on Apr 26 ’24. The stock was sold for $2,751,933 at an average price of $110.08. Upon completion of the transaction, the Director now directly owns 93,360 shares in the company, valued at $10.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Director GOMO STEVEN J sold 20,000 shares of the business’s stock. A total of $2,093,735 was realized by selling the stock at an average price of $104.69. This leaves the insider owning 118,360 shares of the company worth $13.25 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 $192.22. 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.
