Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $3.03 down -13.06% from its previous closing price of $3.48. In other words, the price has decreased by -$13.06 from its previous closing price. On the day, 14.15 million shares were traded.
Ratios:
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 21.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On December 17, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $7.
On November 25, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $6.BofA Securities initiated its Buy rating on November 25, 2024, with a $6 target price.
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 Dec 05 ’24 when Lund Inez sold 850 shares for $4.72 per share. The transaction valued at 4,012 led to the insider holds 36,825 shares of the business.
TOLNAR JEFFERY sold 1,310 shares of SHLS for $6,092 on Dec 05 ’24. The President now owns 124,451 shares after completing the transaction at $4.65 per share. On Dec 05 ’24, another insider, Bardos Dominic, who serves as the Chief Financial Officer of the company, sold 4,300 shares for $4.69 each. As a result, the insider received 20,167 and left with 236,109 shares of the company.
Valuation Measures:
As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.25, and their Forward P/E ratio for the next fiscal year is 6.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.91.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $16.19, while it has fallen to a 52-week low of $3.48. The 50-Day Moving Average of the stock is -36.66%, while the 200-Day Moving Average is calculated to be -45.98%.
Shares Statistics:
A total of 166.76M shares are outstanding, with a floating share count of 164.60M. Insiders hold about 1.43% of the company’s shares, while institutions hold 105.09% stake in the company.
