Shoals Technologies Group Inc (SHLS) concluded trading on Wednesday at a closing price of $4.89, with 3.88 million shares of worth about $18.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.27% during that period and on December 04, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 166.70M shares, out of which, 165.10M shares are available for trading.
Stock saw a price change of -2.40% in past 5 days and over the past one month there was a price change of -17.95%. Year-to-date (YTD), SHLS shares are showing a performance of -68.53% which decreased to -66.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.07 but also hit the highest price of $17.50 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 5.06 million. The stock is currently trading -2.40% below its 20-day simple moving average (SMA20), while that difference is down -5.69% for SMA50 and it goes to -33.45% lower than SMA200.
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Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 166.70M outstanding shares and institutions hold larger chunk of about 104.94% of that.
The stock has a current market capitalization of $815.16M and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 25.31, while it has posted earnings per share of $0.19 in the same period. Its PEG reads 2.66 and has Quick Ratio of 1.36 while making debt-to-equity ratio of 0.26. 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 5.69% while standing at 8.25% over the month.
Stock’s fiscal year EPS is expected to drop by -46.20% while it is estimated to increase by 23.08% in next year. EPS is likely to shrink at an annualized rate of 9.50% 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 BofA Securities on November 25, 2024 offering a Buy rating for the stock and assigned a target price of $6 to it. Coverage by TD Cowen stated Shoals Technologies Group Inc (SHLS) stock as a Buy in their note to investors on November 13, 2024, suggesting a price target of $11 for the stock. On October 14, 2024, Wells Fargo Initiated their recommendations, while on October 03, 2024, Citigroup Upgrade their ratings for the stock with a price target of $5.50. Stock get a Hold rating from Jefferies on September 04, 2024.
