The stock of Enphase Energy Inc (NASDAQ:ENPH) last traded at $93.13, up 1.18% from the previous session.
ENPH stock price is now -16.52% away from the 50-day moving average and -18.45% away from the 200-day moving average. The market capitalization of the company currently stands at $12.61B.
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With the price target reduced from $147 to $104, Susquehanna Downgraded its rating from Positive to Neutral for Enphase Energy Inc (NASDAQ: ENPH). On October 15, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $125 to quote $100, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, DAVID A RANHOFF, Officer bought 5,000 shares of the company’s stock on Sep 16 ’24. The stock was bought for $549,232 at an average price of $109.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Officer DAVID A RANHOFF bought 5,000 shares of the business’s stock. A total of $566,500 was incurred on buying the stock at an average price of $113.30. A total of 3.68% 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 $141.63. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 4.23, and a quick ratio of 3.90. According to the stock market information, the enterprise value for the company is $12139198464, which is based on a 101.78 price-to-earnings ratio, a 4.07 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for ENPH is $111.7316 and a two-hundred day moving average price translates $114.4016 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for 2024-06-30. The net profit margin was 9.12% and return on equity was 13.96% for ENPH. The company reported revenue of $303.46 million for the quarter, compared to $711.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -57.33 percent.
