Shoals Technologies Group Inc (NASDAQ:SHLS) does about 6.78M shares in volume on a normal day but saw 3279494 shares change hands in the recent trading day. The company now has a market cap of 977.97M USD. Its current market price is $5.85, marking an increase of 1.21% compared to the previous close of $5.78. The 52 week high reached by this stock is $7.08 whilst the lowest price level in 52 weeks is $2.71. The script in recent trading has seen the stock touch a high of $7.2 and a low of $7.2.
Shoals Technologies Group Inc (SHLS) has a 20-day trading average at $5.28 and the current price is -17.37% off the 52-week high compared with 115.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.96 and its 200-day simple moving average is $4.63. If we look at the stock’s price movements over the week, volatility stands at 6.71%, which increases to 8.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.05 to suggest the stock is neutral.
9 analysts observing the Shoals Technologies Group Inc (SHLS) stock have set the 12-month price targets for the company’s shares at between $7.2 and $7.2. The consensus objective for the share price is $6.63, suggesting that the stock has a potential upside of 11.76% over the period. The median price target is 18.75% away from the current levels at $7.2.
FactSet Research has provided data showing that 9 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 07, 2025 when Jefferies upgraded the stock to “Buy” and issued a price target of $7.20. BNP Paribas Exane downgraded the stock to “Underperform” from Neutral on May 15, 2025 at a price target of $4.
The current price level is 10.74%, 17.93%, and 26.44% away from its SMA20, SMA50, and SMA200 respectively, with the SHLS price moving below the 50-day SMA on current market day. Shoals Technologies Group Inc (SHLS) stock is down -2.17% over the week and 12.50% over the past month. Its price is -6.25% year-to-date and 5.79% over the past year.
Its 12-month price target is $7.2. To reach the target analysts have set, the stock logically needs to grow 11.76 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.2, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $7.2.
The company has a return on investment of 2.72% and return on equity of 3.43%. The price to earnings ratio (P/E ratio) amounts to 51.77 while the forward price to earnings ratio is 12.53. The beta has a value of 1.59. Price to book ratio is 1.75 and price to sales ratio is 2.52.
