An overall feel about Shoals Technologies Group Inc. (NASDAQ: SHLS) stock in the current moment?

In the latest session, Shoals Technologies Group Inc. (NASDAQ: SHLS) closed at $29.23 up 6.83% from its previous closing price of $27.36. In other words, the price has increased by $+1.87 from its previous closing price. On the day, 2888794 shares were traded. SHLS stock price reached its highest trading level at $29.65 during the session, while it also had its lowest trading level at $27.46.

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For a deeper understanding of Shoals Technologies Group Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 425.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1323.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 10.49 whereas as Long-Term Debt/Eq ratio is at 10.41.

Upgrades & Downgrades

On September 16, 2022, Cowen Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $29 to $37.50.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 18 when Whitaker Jason R sold 12,032 shares for $28.81 per share. The transaction valued at 346,640 led to the insider holds 531,148 shares of the business.

Whitaker Jason R sold 12,054 shares of SHLS for $344,556 on Jan 17. The Chief Executive Officer now owns 543,180 shares after completing the transaction at $28.58 per share. On Dec 14, another insider, Whitaker Jason R, who serves as the Chief Executive Officer of the company, sold 8,333 shares for $26.50 each. As a result, the insider received 220,852 and left with 555,234 shares of the company.

Valuation Measures:

As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 208.79, and their Forward P/E ratio for the next fiscal year is 45.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.00 while its Price-to-Book (P/B) ratio in mrq is 127.09.

Stock Price History:

Over the past 52 weeks, SHLS has reached a high of $32.43, while it has fallen to a 52-week low of $9.58. The 50-Day Moving Average of the stock is 25.84, while the 200-Day Moving Average is calculated to be 20.82.

Shares Statistics:

For the past three months, SHLS has traded an average of 2.77M shares per day and 2.6M over the past ten days. A total of 112.97M shares are outstanding, with a floating share count of 112.10M. Insiders hold about 1.00% of the company’s shares, while institutions hold 94.60% stake in the company. Shares short for SHLS as of Oct 13, 2022 were 9.14M with a Short Ratio of 9.16M, compared to 9.39M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 8.12% and a Short% of Float of 9.99%.

Earnings Estimates

There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.06, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.09, with high estimates of $0.14 and low estimates of $0.07.

Analysts are recommending an EPS of between $0.4 and $0.26 for the fiscal current year, implying an average EPS of $0.3. EPS for the following year is $0.64, with 13 analysts recommending between $1.02 and $0.41.

Revenue Estimates

A total of 11 analysts believe the company’s revenue will be $83.07M this quarter.It ranges from a high estimate of $96.6M to a low estimate of $76M. As of the current estimate, Shoals Technologies Group Inc.’s year-ago sales were $61.64M, an estimated increase of 34.80% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $88.57M, an increase of 84.30% over than the figure of $34.80% in the same quarter last year. There is a high estimate of $98.1M for the next quarter, whereas the lowest estimate is $81.6M.

A total of 14 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $336.2M, while the lowest revenue estimate was $301.5M, resulting in an average revenue estimate of $312.66M. In the same quarter a year ago, actual revenue was $213.91M, up 46.20% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $492.23M in the next fiscal year. The high estimate is $602.55M and the low estimate is $393M. The average revenue growth estimate for next year is up 57.40% from the average revenue estimate for this year.