The price of Enphase Energy Inc (NASDAQ:ENPH) shares last traded on Wall Street fell -4.30% to $71.59.
ENPH stock price is now -29.52% away from the 50-day moving average and -36.02% away from the 200-day moving average. The market capitalization of the company currently stands at $9.67B.
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With the price target reduced from $93 to $61, Jefferies Downgraded its rating from Hold to Underperform for Enphase Energy Inc (NASDAQ: ENPH). On October 23, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $130 to quote $120, while ‘Janney’ rates the stock as ‘Neutral’
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 $71.38 and a high of $141.63. 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 3.88. According to the stock market information, the enterprise value for the company is $9237901312, which is based on a 163.26 price-to-earnings ratio, a 13.61 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for ENPH is $102.6094 and a two-hundred day moving average price translates $112.0707 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for 2024-09-30. The net profit margin was 4.91% and return on equity was 6.31% for ENPH. The company reported revenue of $380.87 million for the quarter, compared to $551.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.89 percent.
