Shoals Technologies Group Inc (SHLS) concluded trading on Tuesday at a closing price of $5.53, with 6.1 million shares of worth about $33.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.83% during that period and on December 31, 2024 the price saw a loss of about -1.95%. 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 1.10% in past 5 days and over the past one month there was a price change of 5.94%. Year-to-date (YTD), SHLS shares are showing a performance of -64.41% which decreased to -64.41% 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 4.84 million. The stock is currently trading 12.63% above its 20-day simple moving average (SMA20), while that difference is up 9.35% for SMA50 and it goes to -16.00% lower than SMA200.
Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 166.70M outstanding shares and institutions hold larger chunk of about 105.04% of that.
The stock has a current market capitalization of $903.87M and its 3Y-monthly beta is at 1.64. PE ratio of stock for trailing 12 months is 28.62, while it has posted earnings per share of $0.19 in the same period. Its PEG reads 3.01 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 4.77% while standing at 6.83% 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.