Shoals Technologies Group Inc (NASDAQ:SHLS) currently has a daily average trading volume of 6.49M but it saw 4775779 shares traded in last market. With a market cap of 509.84M USD, the company’s current market price of $3.05 came falling about -6.44 while comparing to the previous closing price of $3.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.24 and as low as $2.71. In the recent trading on the day, stock has struck highest price mark of $3.0 while lowest mark touched by it was $3.2.
Taking a look at 20-day trading activity of Shoals Technologies Group Inc (SHLS) gives us an average price of $3.21, while its current price level is -72.86% below from 52-week high level whereas it is 12.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.77 while that of 200 days or SMA-200 reads an average of $5.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.57% during that period while stretching the period over a month that increases to 6.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.54 which implies that the stock is in neutral territory.
Morgan Stanley upgraded its recommendation for the stock as a “Overweight” from “Equal-Weight” on December 17, 2024 while assigning a price target of $7. BofA Securities also issued its recommendations for the stock as it initiated the price target for the stock is $6.
Over the week, SHLS’s stock price is moving -10.82% down while it is -2.24% when we observe its performance for the past one month. Year-to-date it is -44.85% down and over the past year, the stock is showing a downside performance of -71.63%.
Currently, Shoals Technologies Group Inc’s total number of outstanding shares is 166.76M. Company’s return on investment (ROI) stands at 3.45% and return on equity (ROE) at 4.38%. It has a price to earnings ratio (P/E ratio) of 21.39 while having a 6.56 of forward P/E ratio. Stock’s beta reads 1.54. Stock has a price to book (P/B) ratio of 0.91 while price to sale or P/S ratio amounts to 1.28. Its return on asset (ROA) is 2.91% on average.
