Analytical Overview: Shoals Technologies Group Inc (SHLS)’s Ratios Tell a Financial Story

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As of close of business last night, Shoals Technologies Group Inc’s stock clocked out at $6.51, down -1.06% from its previous closing price of $6.58. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 9.38 million shares were traded. SHLS stock price reached its highest trading level at $6.61 during the session, while it also had its lowest trading level at $6.3.

Ratios:

To gain a deeper understanding of SHLS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 72.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 08, 2024, Reiterated its Buy rating but revised its target price to $11 from $15 previously.

On May 08, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $15 to $8.

TD Cowen reiterated its Outperform rating for the stock on February 29, 2024, while the target price for the stock was revised from $30 to $22.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when Peetz Mehgan sold 3,160 shares for $13.04 per share. The transaction valued at 41,206 led to the insider holds 105,201 shares of the business.

TOLNAR JEFFERY sold 2,750 shares of SHLS for $35,860 on Mar 08 ’24. The President now owns 96,391 shares after completing the transaction at $13.04 per share. On Mar 08 ’24, another insider, Lund Inez, who serves as the Chief Accounting Officer of the company, sold 1,940 shares for $13.05 each. As a result, the insider received 25,317 and left with 21,577 shares of the company.

Valuation Measures:

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 1109434240 and an Enterprise Value of 1262950272. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.43, and their Forward P/E ratio for the next fiscal year is 9.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.34 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.661 whereas that against EBITDA is 16.718.

Stock Price History:

Over the past 52 weeks, SHLS has reached a high of $28.34, while it has fallen to a 52-week low of $6.28. The 50-Day Moving Average of the stock is -16.42%, while the 200-Day Moving Average is calculated to be -50.75%.

Shares Statistics:

It appears that SHLS traded 5.57M shares on average per day over the past three months and 7331040 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 165.73M. Insiders hold about 2.75% of the company’s shares, while institutions hold 121.22% stake in the company. Shares short for SHLS as of 1715731200 were 19013209 with a Short Ratio of 3.78, compared to 1713139200 on 21860624. Therefore, it implies a Short% of Shares Outstanding of 19013209 and a Short% of Float of 12.82.

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