Currently, there are 166.70M common shares owned by the public and among those 165.08M shares have been available to trade.
The company’s stock has a 5-day price change of -6.85% and -17.58% over the past three months. SHLS shares are trading -26.22% year to date (YTD), with the 12-month market performance down to -74.88% lower. It has a 12-month low price of $3.83 and touched a high of $16.85 over the same period. SHLS has an average intraday trading volume of 5.65 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 -7.94%, -16.19%, and -29.36% respectively.
Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 105.32% of the company’s 166.70M shares outstanding.
It has a market capitalization of $680.13M and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 21.12, while the earnings-per-share (ttm) stands at $0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.72% over the week and 6.54% over the month.
Earnings per share for the fiscal year are expected to decrease by -44.83%, and 19.23% over the next financial year. EPS should shrink at an annualized rate of -7.08% over the next five years, compared to 19.43% over the past 5-year period.
Morgan Stanley coverage for the Shoals Technologies Group Inc (SHLS) stock in a research note released on December 17, 2024 offered a Overweight rating with a price target of $7. BofA Securities was of a view on November 25, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on November 13, 2024, issuing a price target of $9.50- $11. Wells Fargo on their part issued Equal Weight rating on October 14, 2024.
