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After finishing at $4.64 in the prior trading day, Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $4.53, down -2.37%. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 3.39 million shares were traded. SHLS stock price reached its highest trading level at $4.76 during the session, while it also had its lowest trading level at $4.52.
Ratios:
Our goal is to gain a better understanding of SHLS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.88. 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.
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, BofA Securities on November 25, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On November 13, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $9.50 to $11.
On October 14, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $46.Wells Fargo initiated its Equal Weight rating on October 14, 2024, with a $46 target price.
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 755146560 and an Enterprise Value of 885791040. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.45, and their Forward P/E ratio for the next fiscal year is 10.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 2.096 whereas that against EBITDA is 11.259.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $17.50, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is -11.88%, while the 200-Day Moving Average is calculated to be -37.48%.
Shares Statistics:
The stock has traded on average 4.86M shares per day over the past 3-months and 4511090 shares per day over the last 10 days, according to various share statistics. A total of 166.70M shares are outstanding, with a floating share count of 165.10M. Insiders hold about 0.96% of the company’s shares, while institutions hold 104.95% stake in the company. Shares short for SHLS as of 1731628800 were 18791874 with a Short Ratio of 3.86, compared to 1728950400 on 16712305. Therefore, it implies a Short% of Shares Outstanding of 18791874 and a Short% of Float of 12.989999999999998.
