Shoals Technologies Group Inc (SHLS) concluded trading on Thursday at a closing price of $5.10, with 3.65 million shares of worth about $18.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -64.97% during that period and on August 22, 2024 the price saw a loss of about -4.14%. Currently the company’s common shares owned by public are about 170.12M shares, out of which, 161.23M shares are available for trading.
Stock saw a price change of -3.95% in past 5 days and over the past one month there was a price change of -22.96%. Year-to-date (YTD), SHLS shares are showing a performance of -67.18% which decreased to -73.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.88 but also hit the highest price of $22.40 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 5.96 million. The stock is currently trading -10.65% below its 20-day simple moving average (SMA20), while that difference is down -17.78% for SMA50 and it goes to -52.36% lower than SMA200.
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Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 170.12M outstanding shares and institutions hold larger chunk of about 120.03% of that.
The stock has a current market capitalization of $849.91M and its 3Y-monthly beta is at 1.74. PE ratio of stock for trailing 12 months is 37.25, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 3.05 and has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.27. 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 4.48% while standing at 7.11% over the month.
Stock’s fiscal year EPS is expected to drop by -41.35% while it is estimated to increase by 42.76% in next year. EPS is likely to shrink at an annualized rate of 12.20% for next 5-years, compared to annual growth of 19.43% 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 Exane BNP Paribas on August 07, 2024 offering a Neutral rating for the stock and assigned a target price range of between $15 and $7 to it. Coverage by Citigroup stated Shoals Technologies Group Inc (SHLS) stock as a Sell in their note to investors on July 02, 2024, suggesting a price target of $5 for the stock. On May 08, 2024, TD Cowen Reiterated their recommendations, while on May 08, 2024, ROTH MKM Downgrade their ratings for the stock with a price target of $8. Stock get an Outperform rating from TD Cowen on February 29, 2024.
