In yesterday’s Wall Street session, Enphase Energy Inc (NASDAQ:ENPH) shares traded at $70.50, down -1.96% from the previous session.
ENPH stock price is now -20.94% away from the 50-day moving average and -35.29% away from the 200-day moving average. The market capitalization of the company currently stands at $9.53B.
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With the price target maintained at $81, HSBC Securities recently Downgraded its rating from Buy to Hold for Enphase Energy Inc (NASDAQ: ENPH). On November 08, 2024, Exane BNP Paribas Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $88, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, Kothandaraman Badrinarayanan, President & CEO bought 2,564 shares of the company’s stock on Nov 19 ’24. The stock was bought for $156,670 at an average price of $61.10. Upon completion of the transaction, the President & CEO now directly owns 1,592,260 shares in the company, valued at $112.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, President & CEO Kothandaraman Badrinarayanan bought 2,436 shares of the business’s stock. A total of $152,058 was incurred on buying the stock at an average price of $62.42. This leaves the insider owning 1,594,696 shares of the company worth $112.43 million. A total of 4.01% of the company’s stock is owned by insiders.
During the past 12 months, Enphase Energy Inc has had a low of $58.33 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 $9090634752, which is based on a 160.78 price-to-earnings ratio, a 6.43 price-to-earnings-growth ratio, and a beta of 1.70. The fifty day moving average price for ENPH is $90.1376 and a two-hundred day moving average price translates $109.23235 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.
