Shoals Technologies Group Inc (SHLS) concluded trading on Wednesday at a closing price of $16.24, with 3.28 million shares of worth about $53.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.47% during that period and on Wednesday the price saw a gain of about 4.64%. Currently the company’s common shares owned by public are about 169.94M shares, out of which, 163.92M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 29,222,542 shares in 11 of the transactions. In 15 selling transactions, insiders dumped 53,728,534 shares.
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However, the stock later moved at a day high price of 16.47, or with a gain of 4.64%. Stock saw a price change of 5.80% in past 5 days and over the past one month there was a price change of 23.31%. Year-to-date (YTD), SHLS shares are showing a performance of 4.50% which decreased to -37.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.11 but also hit the highest price of $28.34 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 3.50 million. The stock is currently trading 13.79% above its 20-day simple moving average (SMA20), while that difference is up 11.93% for SMA50 and it goes to -14.85% lower than SMA200.
Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 169.94M outstanding shares and institutions hold larger chunk of about 115.81% of that.
The stock has a current market capitalization of $2.76B and its 3Y-monthly beta is at 1.89. PE ratio of stock for trailing 12 months is 19.85, while it has posted earnings per share of $0.82 in the same period. Its PEG reads 0.60 and has Quick Ratio of 1.82 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SHLS, volatility over the week remained 5.34% while standing at 5.50% over the month.
Analysts are in expectations that Shoals Technologies Group Inc (SHLS) stock would likely to be making an EPS of $Shoals Technologies Group, Inc. in the current quarter, while forecast for next quarter EPS is $16.24 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $SHLD which is $SHF Holdings, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Global X Funds Global X Defense in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 79.41% while it is estimated to increase by 25.53% in next year. EPS is likely to shrink at an annualized rate of 33.30% for next 5-years, compared to annual growth of 66.11% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on Feb-15-24 offering an Outperform rating for the stock and assigned a target price of $20 to it.
