Shoals Technologies Group Inc (SHLS) concluded trading on Wednesday at a closing price of $4.49, with 5.0 million shares of worth about $22.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.05% during that period and on Wednesday the price saw a loss of about -4.87%. Currently the company’s common shares owned by public are about 167.17M shares, out of which, 164.13M shares are available for trading.
Stock saw a price change of -6.17% in past 5 days and over the past one month there was a price change of 20.38%. Year-to-date (YTD), SHLS shares are showing a performance of -18.81% which decreased to -41.08% 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 $8.52 during that period. The average intraday trading volume for Shoals Technologies Group Inc shares is 7.05 million. The stock is currently trading -3.99% below its 20-day simple moving average (SMA20), while that difference is up 15.39% for SMA50 and it goes to -4.64% lower than SMA200.
Shoals Technologies Group Inc (NASDAQ: SHLS) currently have 167.17M outstanding shares and institutions hold larger chunk of about 112.52% of that.
The stock has a current market capitalization of $750.61M and its 3Y-monthly beta is at 1.64. PE ratio of stock for trailing 12 months is 39.73, while it has posted earnings per share of $0.11 in the same period. Its PEG reads 2.48 and has Quick Ratio of 1.58 while making debt-to-equity ratio of 0.25. 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 3.48% while standing at 8.75% over the month.
Stock’s fiscal year EPS is expected to rise by 7.33% while it is estimated to increase by 23.17% in next year. EPS is likely to grow at an annualized rate of 16.03% for next 5-years, compared to annual growth of -12.58% 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 BNP Paribas Exane on May 15, 2025 offering an Underperform rating for the stock and assigned a target price of $4 to it. On December 17, 2024, Morgan Stanley Upgrade their recommendations, while on November 25, 2024, BofA Securities Initiated their ratings for the stock with a price target of $6. Stock get a Buy rating from TD Cowen on November 13, 2024.
