Currently, there are 169.94M common shares owned by the public and among those 163.92M shares have been available to trade.
Insiders at the company have transacted a total of 29 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 29,222,542 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 53,746,582 shares.
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However, the script later moved the day high at 14.95, up 3.68%. The company’s stock has a 5-day price change of 8.84% and -7.57% over the past three months. SHLS shares are trading -5.73% year to date (YTD), with the 12-month market performance down to -43.57% lower. It has a 12-month low price of $12.11 and touched a high of $28.34 over the same period. SHLS has an average intraday trading volume of 3.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.22%, 2.49%, and -23.88% respectively.
Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 109.56% of the company’s 169.94M shares outstanding.
It has a market capitalization of $2.49B and a beta (3y monthly) value of 1.87. The stock’s trailing 12-month PE ratio is 17.90, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 0.54 and a Quick Ratio of 1.82 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.21% over the week and 5.31% over the month.
Earnings per share for the fiscal year are expected to increase by 79.82%, and 25.55% over the next financial year. EPS should shrink at an annualized rate of 33.30% over the next five years, compared to 66.11% over the past 5-year period.
Looking at the support for the SHLS, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on January 22, 2024, with the firm’s price target at $17-$15.
