Shoals Technologies Group Inc (NASDAQ:SHLS) currently has a daily average trading volume of 6.69M but it saw 5702671 shares traded in last market. With a market cap of 561.66M USD, the company’s current market price of $3.36 came falling about -8.20 while comparing to the previous closing price of $3.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.26 and as low as $2.71. In the recent trading on the day, stock has struck highest price mark of $3.18 while lowest mark touched by it was $3.5156.
Taking a look at 20-day trading activity of Shoals Technologies Group Inc (SHLS) gives us an average price of $3.32, while its current price level is -67.25% below from 52-week high level whereas it is 23.99% 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 $3.65 while that of 200 days or SMA-200 reads an average of $5.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.33% during that period while stretching the period over a month that decreases to 8.66%. 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 49.10 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 10.16% up while it is 14.29% when we observe its performance for the past one month. Year-to-date it is -39.24% down and over the past year, the stock is showing a downside performance of -68.27%.
The company is expected to be releasing its next quarterly report on 2025-Feb-24, for which analysts forecasted an EPS of 0.04 while estimate for next year EPS is 0.38. In next quarter, company is expected to be making quarterly sales of $95.49M as analysts are expecting the sales for current fiscal year at $427.64M and seeing the company making $482.98M in sales next year. Moreover, analysts are in estimates of $74.45M for current-quarter revenue.
Currently, Shoals Technologies Group Inc’s total number of outstanding shares is 166.76M with 0.66% of that held by the insiders while 113.69% of its common stock has been owned by the institutions. 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 23.56 while having a 7.27 of forward P/E ratio. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 1.01 while price to sale or P/S ratio amounts to 1.41. Its return on asset (ROA) is 2.91% on average.
