Shoals Technologies Group Inc (SHLS) concluded trading on Tuesday at a closing price of $5.39, with 2.14 million shares of worth about $11.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.81% during that period and on December 24, 2024 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 166.70M shares, out of which, 165.11M shares are available for trading.
Stock saw a price change of 8.74% in past 5 days and over the past one month there was a price change of 10.77%. Year-to-date (YTD), SHLS shares are showing a performance of -65.57% which decreased to -66.05% 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 4.85 million. The stock is currently trading 11.64% above its 20-day simple moving average (SMA20), while that difference is up 7.45% for SMA50 and it goes to -19.70% 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 104.95% of that.
The stock has a current market capitalization of $885.37M and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 27.90, while it has posted earnings per share of $0.19 in the same period. Its PEG reads 2.94 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 8.79% while standing at 7.12% over the month.
Stock’s fiscal year EPS is expected to drop by -45.23% while it is estimated to increase by 20.86% 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 Morgan Stanley on December 17, 2024 offering an Overweight rating for the stock and assigned a target price of $7 to it. Coverage by BofA Securities stated Shoals Technologies Group Inc (SHLS) stock as a Buy in their note to investors on November 25, 2024, suggesting a price target of $6 for the stock. On November 13, 2024, TD Cowen Reiterated their recommendations, while on October 14, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $46. Stock get a Neutral rating from Citigroup on October 03, 2024.
