In yesterday’s Wall Street session, Enphase Energy Inc (NASDAQ:ENPH) shares traded at $114.20, up 7.67% from the previous session.
ENPH stock price is now -1.86% away from the 50-day moving average and -3.05% away from the 200-day moving average. The market capitalization of the company currently stands at $15.54B.
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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, Yang Mandy, EVP, Chief Financial Officer bought 4,000 shares of the company’s stock on May 02 ’24. The stock was bought for $416,972 at an average price of $104.24. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 62,973 shares in the company, valued at $7.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26 ’24, Director GOMO STEVEN J sold 25,000 shares of the business’s stock. A total of $2,751,933 was realized by selling the stock at an average price of $110.08. This leaves the insider owning 93,360 shares of the company worth $10.66 million. A total of 3.93% 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.
