The stock of Enphase Energy Inc (NASDAQ:ENPH) last traded at $117.50, down -3.08% from the previous session.
ENPH stock price is now 3.57% away from the 50-day moving average and 2.59% away from the 200-day moving average. The market capitalization of the company currently stands at $15.99B.
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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, RANHOFF DAVID A, EVP & Chief Commercial Officer sold 5,000 shares of the company’s stock on May 15 ’24. The stock was sold for $594,120 at an average price of $118.82. Upon completion of the transaction, the EVP & Chief Commercial Officer now directly owns 112,943 shares in the company, valued at $13.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, EVP, Chief Financial Officer Yang Mandy bought 4,000 shares of the business’s stock. A total of $416,972 was incurred on buying the stock at an average price of $104.24. This leaves the insider owning 62,973 shares of the company worth $7.4 million. A total of 3.91% 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. According to the stock market information, the enterprise value for the company is $15677575168, which is based on a 60.88 price-to-earnings ratio, a 3.89 price-to-earnings-growth ratio, and a beta of 1.75. The fifty day moving average price for ENPH is $113.4408 and a two-hundred day moving average price translates $114.4435 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for 2024-03-31. According to the Solar Company, earnings per share came in at 1.47, beating analysts’ expectations of 1.25 by 0.22. This compares to $1.02 EPS in the same period last year. 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. For the current quarter, analysts expect ENPH to generate $310.31M in revenue.
