Currently, there are 170.12M common shares owned by the public and among those 165.12M shares have been available to trade.
The company’s stock has a 5-day price change of -11.72% and -33.29% over the past three months. SHLS shares are trading -67.05% year to date (YTD), with the 12-month market performance down to -76.56% lower. It has a 12-month low price of $4.88 and touched a high of $22.42 over the same period. SHLS has an average intraday trading volume of 6.25 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 -19.42%, -22.17%, and -54.09% respectively.
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Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 113.75% of the company’s 170.12M shares outstanding.
It has a market capitalization of $872.55M and a beta (3y monthly) value of 1.79. The stock’s trailing 12-month PE ratio is 37.40, while the earnings-per-share (ttm) stands at $0.14. The company has a PEG of 3.07 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.91% over the week and 7.03% over the month.
Earnings per share for the fiscal year are expected to decrease by -40.08%, and 42.63% over the next financial year. EPS should shrink at an annualized rate of 12.20% 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. Exane BNP Paribas stated their Neutral rating for the stock in a research note on August 07, 2024, with the firm’s price target at $15-$7. Citigroup coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on July 02, 2024 offered a Sell rating with a price target of $5. TD Cowen was of a view on May 08, 2024 that the stock is Buy, while ROTH MKM gave the stock Neutral rating on May 08, 2024, issuing a price target of $15- $8. TD Cowen on their part issued Outperform rating on February 29, 2024.
