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Shoals Technologies Group Inc (NASDAQ: SHLS) closed the day trading at $3.96 down -1.98% from the previous closing price of $4.04. In other words, the price has decreased by -$1.98 from its previous closing price. On the day, 3.96 million shares were traded. SHLS stock price reached its highest trading level at $4.175 during the session, while it also had its lowest trading level at $3.89.
Ratios:
For a better understanding of SHLS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 59.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On November 25, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $6.
TD Cowen reiterated its Buy rating for the stock on November 13, 2024, while the target price for the stock was revised from $9.50 to $11.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 660128064 and an Enterprise Value of 790772544. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.50, and their Forward P/E ratio for the next fiscal year is 9.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 1.871 whereas that against EBITDA is 10.051.
Stock Price History:
The Beta on a monthly basis for SHLS is 1.61, which has changed by -0.7515684 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, SHLS has reached a high of $16.85, while it has fallen to a 52-week low of $3.83. The 50-Day Moving Average of the stock is -18.93%, while the 200-Day Moving Average is calculated to be -31.70%.
Shares Statistics:
Over the past 3-months, SHLS traded about 5.73M shares per day on average, while over the past 10 days, SHLS traded about 4828360 shares per day. A total of 166.70M shares are outstanding, with a floating share count of 165.08M. Insiders hold about 0.97% of the company’s shares, while institutions hold 105.32% stake in the company. Shares short for SHLS as of 1738281600 were 15721505 with a Short Ratio of 2.74, compared to 1735603200 on 19021373. Therefore, it implies a Short% of Shares Outstanding of 15721505 and a Short% of Float of 10.870000000000001.
