Shoals Technologies Group Inc (NASDAQ:SHLS) currently has a daily average trading volume of 5.18M but it saw 3713186 shares traded in last market. With a market cap of 814.92M USD, the company’s current market price of $4.89 came falling about -3.36 while comparing to the previous closing price of $5.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.50 and as low as $4.85. In the recent trading on the day, stock has struck highest price mark of $4.86 while lowest mark touched by it was $5.145.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which initiated the stock as “Equal Weight” in its note to investors issued on October 14, 2024, recommending a price target of $46 for it. Citigroup upgraded its recommendation for the stock as a “Neutral” from “Sell” on October 03, 2024 while assigning a price target range of $5-$5.50. Jefferies also issued its recommendations for the stock as it initiated the price target for the stock is $5.
Over the week, SHLS’s stock price is moving -4.68% down while it is -22.63% when we observe its performance for the past one month. Year-to-date it is -68.53% down and over the past year, the stock is showing a downside performance of -68.61%.
Currently, Shoals Technologies Group Inc’s total number of outstanding shares is 170.12M. Company’s return on investment (ROI) stands at 3.37% and return on equity (ROE) at 4.34%. It has a price to earnings ratio (P/E ratio) of 35.72 while having a 10.39 of forward P/E ratio. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 1.51 while price to sale or P/S ratio amounts to 1.79. Its return on asset (ROA) is 2.90% on average.
