The closing price of Shoals Technologies Group Inc. (NASDAQ: SHLS) was $23.84 for the day, down -1.32% from the previous closing price of $24.16. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 1280859 shares were traded. SHLS stock price reached its highest trading level at $24.41 during the session, while it also had its lowest trading level at $23.66.
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Our analysis of SHLS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 619.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 03 when TOLNAR JEFFERY sold 1,415 shares for $22.79 per share. The transaction valued at 32,248 led to the insider holds 64,629 shares of the business.
TOLNAR JEFFERY sold 3,575 shares of SHLS for $70,535 on Mar 15. The President now owns 66,044 shares after completing the transaction at $19.73 per share. On Mar 14, another insider, Whitaker Jason R, who serves as the of the company, sold 181,541 shares for $21.16 each. As a result, the insider received 3,841,408 and left with 634,637 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SHLS now has a Market Capitalization of 3.97B and an Enterprise Value of 4.20B. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.74, and their Forward P/E ratio for the next fiscal year is 25.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.06 while its Price-to-Book (P/B) ratio in mrq is 6.89. Its current Enterprise Value per Revenue stands at 11.53 whereas that against EBITDA is 21.31.
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 $13.92. The 50-Day Moving Average of the stock is 21.86, while the 200-Day Moving Average is calculated to be 24.03.
SHLS traded an average of 3.75M shares per day over the past three months and 3.15M shares per day over the past ten days. A total of 146.41M shares are outstanding, with a floating share count of 80.68M. 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 Apr 27, 2023 were 12.65M with a Short Ratio of 12.65M, compared to 11.15M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.46% and a Short% of Float of 7.54%.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.1, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.71 and $0.55 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.94, with 14 analysts recommending between $1.23 and $0.73.
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $130.2M to a low estimate of $98M. As of the current estimate, Shoals Technologies Group Inc.’s year-ago sales were $73.49M, an estimated increase of 57.80% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $138.81M, an increase of 52.80% less than the figure of $57.80% in the same quarter last year. There is a high estimate of $151.97M for the next quarter, whereas the lowest estimate is $132.4M.
A total of 14 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $516.64M, while the lowest revenue estimate was $491.5M, resulting in an average revenue estimate of $501.47M. In the same quarter a year ago, actual revenue was $326.94M, up 53.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $717.2M in the next fiscal year. The high estimate is $857.83M and the low estimate is $594.01M. The average revenue growth estimate for next year is up 43.00% from the average revenue estimate for this year.