Currently, there are 167.17M common shares owned by the public and among those 164.13M shares have been available to trade.
The company’s stock has a 5-day price change of 3.18% and 62.33% over the past three months. SHLS shares are trading -11.93% year to date (YTD), with the 12-month market performance down to -40.39% lower. It has a 12-month low price of $2.71 and touched a high of $8.05 over the same period. SHLS has an average intraday trading volume of 6.89 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 0.40%, 21.96%, and 3.73% respectively.
Institutional ownership of Shoals Technologies Group Inc (NASDAQ: SHLS) shares accounts for 112.60% of the company’s 167.17M shares outstanding.
It has a market capitalization of $814.14M and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 43.10, while the earnings-per-share (ttm) stands at $0.11. The company has a PEG of 2.67 and a Quick Ratio of 1.58 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.78% over the week and 9.00% over the month.
Analysts forecast that Shoals Technologies Group Inc (SHLS) will achieve an EPS of 0.08 for the current quarter, 0.12 for the next quarter and 0.47 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.05 while analysts give the company a high EPS estimate of 0.05. Comparatively, EPS for the current quarter was 0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 7.42%, and 23.64% over the next financial year. EPS should grow at an annualized rate of 16.13% over the next five years, compared to -12.58% over the past 5-year period.
Looking at the support for the SHLS, a number of firms have released research notes about the stock. BNP Paribas Exane stated their Underperform rating for the stock in a research note on May 15, 2025, with the firm’s price target at $4. Morgan Stanley was of a view on December 17, 2024 that the stock is Overweight, while BofA Securities gave the stock Buy rating on November 25, 2024, issuing a price target of $6. TD Cowen on their part issued Buy rating on November 13, 2024.
