Currently, there are 170.12M common shares owned by the public and among those 161.35M shares have been available to trade.
The company’s stock has a 5-day price change of -9.56% and -21.90% over the past three months. SHLS shares are trading -68.34% year to date (YTD), with the 12-month market performance down to -67.52% lower. It has a 12-month low price of $4.88 and touched a high of $18.46 over the same period. SHLS has an average intraday trading volume of 5.43 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 -15.98%, -13.26%, and -46.80% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 114.13% of the company’s 170.12M shares outstanding.
It has a market capitalization of $819.92M and a beta (3y monthly) value of 1.74. The stock’s trailing 12-month PE ratio is 35.94, while the earnings-per-share (ttm) stands at $0.14. The company has a PEG of 1.75 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 5.00% over the week and 6.14% over the month.
Earnings per share for the fiscal year are expected to decrease by -41.98%, and 29.94% over the next financial year. EPS should grow at an annualized rate of 20.50% 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. Citigroup stated their Neutral rating for the stock in a research note on October 03, 2024, with the firm’s price target at $5-$5.50. Jefferies coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on September 04, 2024 offered a Hold rating with a price target of $5. Exane BNP Paribas was of a view on August 07, 2024 that the stock is Neutral, while Citigroup gave the stock Sell rating on July 02, 2024, issuing a price target of $15- $5. TD Cowen on their part issued Buy rating on May 08, 2024.
