Shoals Technologies Group Inc (SHLS) concluded trading on Wednesday at a closing price of $2.94, with 7.81 million shares of worth about $22.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.48% during that period and on March 12, 2025 the price saw a gain of about 4.63%. Currently the company’s common shares owned by public are about 166.76M shares, out of which, 164.64M shares are available for trading.
Stock saw a price change of -5.77% in past 5 days and over the past one month there was a price change of -32.88%. Year-to-date (YTD), SHLS shares are showing a performance of -46.84% which decreased to -77.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.71 but also hit the highest price of $12.98 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 6.48 million. The stock is currently trading -18.41% below its 20-day simple moving average (SMA20), while that difference is down -34.05% for SMA50 and it goes to -46.05% lower than SMA200.
Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 166.76M outstanding shares and institutions hold larger chunk of about 109.42% of that.
The stock has a current market capitalization of $490.97M and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 20.62, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 1.23 and has Quick Ratio of 1.64 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 8.45% while standing at 9.19% over the month.
Stock’s fiscal year EPS is expected to rise by 10.97% while it is estimated to increase by 19.97% in next year. EPS is likely to grow at an annualized rate of 16.72% for next 5-years, compared to annual growth of -12.58% made by the stock over the past 5-years.
Coverage by Morgan Stanley stated Shoals Technologies Group Inc (SHLS) stock as an Overweight in their note to investors on December 17, 2024, suggesting a price target of $7 for the stock. On November 25, 2024, BofA Securities Initiated their recommendations, while on November 13, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $11. Stock get an Equal weight rating from Wells Fargo on October 14, 2024.
