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The price of Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $8.73 in the last session, up 2.46% from day before closing price of $8.52. In other words, the price has increased by $2.46 from its previous closing price. On the day, 2.74 million shares were traded. SHLS stock price reached its highest trading level at $8.855 during the session, while it also had its lowest trading level at $8.6.
Ratios:
We take a closer look at SHLS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 65.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
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 February 29, 2024, Reiterated its Outperform rating but revised its target price to $22 from $30 previously.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $20.
Barclays Upgraded its Underweight to Equal Weight on January 22, 2024, whereas the target price for the stock was revised from $17 to $15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1487749120 and an Enterprise Value of 1648970624. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.22, and their Forward P/E ratio for the next fiscal year is 10.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 2.73. Its current Enterprise Value per Revenue stands at 3.373 whereas that against EBITDA is 18.411.
Stock Price History:
The Beta on a monthly basis for SHLS is 1.85, which has changed by -0.5216439 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, SHLS has reached a high of $28.34, while it has fallen to a 52-week low of $8.06. The 50-Day Moving Average of the stock is -25.34%, while the 200-Day Moving Average is calculated to be -45.70%.
Shares Statistics:
According to the various share statistics, SHLS traded on average about 4.04M shares per day over the past 3-months and 3783170 shares per day over the past 10 days. A total of 170.12M shares are outstanding, with a floating share count of 164.11M. Insiders hold about 3.70% of the company’s shares, while institutions hold 116.16% stake in the company. Shares short for SHLS as of 1713139200 were 21860624 with a Short Ratio of 5.42, compared to 1710460800 on 25252411. Therefore, it implies a Short% of Shares Outstanding of 21860624 and a Short% of Float of 14.729999.
Earnings Estimates
The stock of Shoals Technologies Group Inc (SHLS) is currently drawing attention from 17.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.04, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.11, with high estimates of $0.21 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.88 and $0.5 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.86, with 18.0 analysts recommending between $1.13 and $0.54.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $97.4M. It ranges from a high estimate of $127.2M to a low estimate of $90.97M. As of the current estimate, Shoals Technologies Group Inc’s year-ago sales were $105.09MFor the next quarter, 16 analysts are estimating revenue of $112.05M. There is a high estimate of $154.1M for the next quarter, whereas the lowest estimate is $99.64M.
A total of 20 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $636.4M, while the lowest revenue estimate was $479.8M, resulting in an average revenue estimate of $506.42M. In the same quarter a year ago, actual revenue was $488.94MBased on 19 analysts’ estimates, the company’s revenue will be $644.35M in the next fiscal year. The high estimate is $824.8M and the low estimate is $533.89M.
