In yesterday’s Wall Street session, Enphase Energy Inc (NASDAQ:ENPH) shares traded at $107.94, down -2.88% from the previous session.
ENPH stock price is now -6.67% away from the 50-day moving average and -4.18% away from the 200-day moving average. The market capitalization of the company currently stands at $14.69B.
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With the price target maintained at $166, HSBC Securities recently Upgraded its rating from Hold to Buy for Enphase Energy Inc (NASDAQ: ENPH). On April 26, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $115 to quote $134, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, RANHOFF DAVID A, EVP & Chief Commercial Officer sold 5,000 shares of the company’s stock on Jun 17 ’24. The stock was sold for $616,348 at an average price of $123.27. Upon completion of the transaction, the EVP & Chief Commercial Officer now directly owns 107,943 shares in the company, valued at $11.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Director Rodgers Thurman J sold 5,188 shares of the business’s stock. A total of $672,346 was realized by selling the stock at an average price of $129.60. This leaves the insider owning 1,979,374 shares of the company worth $213.65 million. A total of 3.66% 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 $14377496576, which is based on a 55.93 price-to-earnings ratio, a 3.72 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for ENPH is $115.5202 and a two-hundred day moving average price translates $112.5964 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for 2024-03-31. 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.
