Shoals Technologies Group Inc (SHLS) concluded trading on Thursday at a closing price of $5.68, with 4.82 million shares of worth about $27.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.01% during that period and on September 25, 2024 the price saw a loss of about -10.13%. Currently the company’s common shares owned by public are about 170.12M shares, out of which, 161.35M shares are available for trading.
Stock saw a price change of -9.55% in past 5 days and over the past one month there was a price change of 3.84%. Year-to-date (YTD), SHLS shares are showing a performance of -63.45% which decreased to -71.94% 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 $20.63 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 5.57 million. The stock is currently trading -5.22% below its 20-day simple moving average (SMA20), while that difference is down -4.38% for SMA50 and it goes to -41.56% 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 119.45% of that.
The stock has a current market capitalization of $946.57M and its 3Y-monthly beta is at 1.74. PE ratio of stock for trailing 12 months is 41.49, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 3.40 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 6.32% while standing at 7.18% over the month.
Stock’s fiscal year EPS is expected to drop by -41.95% while it is estimated to increase by 27.93% 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 Jefferies on September 04, 2024 offering a Hold rating for the stock and assigned a target price of $5 to it. Coverage by Exane BNP Paribas stated Shoals Technologies Group Inc (SHLS) stock as a Neutral in their note to investors on August 07, 2024, suggesting a price target of $7 for the stock. On July 02, 2024, Citigroup Downgrade their recommendations, while on May 08, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $11. Stock get a Neutral rating from ROTH MKM on May 08, 2024.
