Currently, there are 166.70M common shares owned by the public and among those 165.11M shares have been available to trade.
The company’s stock has a 5-day price change of -1.35% and 13.59% over the past three months. SHLS shares are trading 5.79% year to date (YTD), with the 12-month market performance down to -58.03% lower. It has a 12-month low price of $4.07 and touched a high of $17.50 over the same period. SHLS has an average intraday trading volume of 5.02 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 9.06%, 12.98%, and -8.24% respectively.
Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 105.68% of the company’s 166.70M shares outstanding.
It has a market capitalization of $975.19M and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 30.28, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 3.19 and a Quick Ratio of 1.36 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.50% over the week and 6.66% over the month.
Earnings per share for the fiscal year are expected to decrease by -45.24%, and 21.06% over the next financial year. EPS should shrink at an annualized rate of 9.50% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $7. BofA Securities coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on November 25, 2024 offered a Buy rating with a price target of $6. TD Cowen was of a view on November 13, 2024 that the stock is Buy, while Wells Fargo gave the stock Equal Weight rating on October 14, 2024, issuing a price target of $46. Citigroup on their part issued Neutral rating on October 03, 2024.
