Do Shoals Technologies Group Inc (NASDAQ: SHLS) Fit In A Value Investing Philosophy?

Currently, there are 170.12M common shares owned by the public and among those 164.03M shares have been available to trade.

The company’s stock has a 5-day price change of -8.82% and -30.82% over the past three months. SHLS shares are trading -30.82% year to date (YTD), with the 12-month market performance down to -51.84% lower. It has a 12-month low price of $11.00 and touched a high of $28.34 over the same period. SHLS has an average intraday trading volume of 3.75 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 -11.45%, -21.34%, and -38.66% respectively.

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Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 117.28% of the company’s 170.12M shares outstanding.

It has a market capitalization of $1.83B and a beta (3y monthly) value of 1.78. The stock’s trailing 12-month PE ratio is 43.36, while the earnings-per-share (ttm) stands at $0.25. The company has a PEG of 2.82 and a Quick Ratio of 1.88 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.65% over the week and 5.32% over the month.

Analysts forecast that Shoals Technologies Group Inc (SHLS) will achieve an EPS of $0.06 for the current quarter, $0.11 for the next quarter and $0.86 for 2025. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.46%, and 45.24% over the next financial year. EPS should shrink at an annualized rate of 15.40% over the next five years, compared to 19.43% over the past 5-year period.

Looking at the support for the SHLS, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 29, 2024, with the firm’s price target at $30-$22. RBC Capital Mkts coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on February 14, 2024 offered a Outperform rating with a price target of $20. Barclays was of a view on January 22, 2024 that the stock is Equal Weight, while Janney gave the stock Buy rating on January 19, 2024, issuing a price target of $20. Mizuho on their part issued Buy rating on November 21, 2023.

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