Currently, there are 170.12M common shares owned by the public and among those 165.09M shares have been available to trade.
The company’s stock has a 5-day price change of -21.01% and -11.01% over the past three months. SHLS shares are trading -68.79% year to date (YTD), with the 12-month market performance down to -63.86% lower. It has a 12-month low price of $4.85 and touched a high of $17.50 over the same period. SHLS has an average intraday trading volume of 4.91 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 -9.58%, -13.20%, and -40.35% respectively.
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Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 115.34% of the company’s 170.12M shares outstanding.
It has a market capitalization of $808.24M and a beta (3y monthly) value of 1.74. The stock’s trailing 12-month PE ratio is 35.43, while the earnings-per-share (ttm) stands at $0.14. The company has a PEG of 2.08 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 10.35% over the week and 6.46% over the month.
Earnings per share for the fiscal year are expected to decrease by -44.32%, and 20.23% over the next financial year. EPS should shrink at an annualized rate of 17.00% 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. Wells Fargo stated their Equal Weight rating for the stock in a research note on October 14, 2024, with the firm’s price target at $46. Citigroup coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on October 03, 2024 offered a Neutral rating with a price target of $5.50. Jefferies was of a view on September 04, 2024 that the stock is Hold, while Exane BNP Paribas gave the stock Neutral rating on August 07, 2024, issuing a price target of $15- $7. Citigroup on their part issued Sell rating on July 02, 2024.
