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The price of Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $5.24 in the last session, down -1.32% from day before closing price of $5.31. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 3.28 million shares were traded. SHLS stock price reached its highest trading level at $5.405 during the session, while it also had its lowest trading level at $5.215.
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 273.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 the company, Exane BNP Paribas on August 07, 2024, Downgraded its rating to Neutral and sets its target price to $7 from $15 previously.
On July 02, 2024, Citigroup Downgraded its rating to Sell which previously was Buy and also lowered its target price recommendation from $15 to $5.
TD Cowen reiterated its Buy rating for the stock on May 08, 2024, while the target price for the stock was revised from $15 to $11.
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.
Lund Inez sold 1,940 shares of SHLS for $25,317 on Mar 08 ’24. The Chief Accounting Officer now owns 21,577 shares after completing the transaction at $13.05 per share. On Mar 08 ’24, another insider, TOLNAR JEFFERY, who serves as the President of the company, sold 2,750 shares for $13.04 each. As a result, the insider received 35,860 and left with 96,391 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 873225024 and an Enterprise Value of 1016787392. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.28, and their Forward P/E ratio for the next fiscal year is 9.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 2.236 whereas that against EBITDA is 16.119.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $22.40, while it has fallen to a 52-week low of $4.88. The 50-Day Moving Average of the stock is -17.28%, while the 200-Day Moving Average is calculated to be -51.92%.
Shares Statistics:
According to the various share statistics, SHLS traded on average about 6.19M shares per day over the past 3-months and 7381760 shares per day over the past 10 days. A total of 170.12M shares are outstanding, with a floating share count of 161.23M. Insiders hold about 3.11% of the company’s shares, while institutions hold 120.02% stake in the company. Shares short for SHLS as of 1722384000 were 24629357 with a Short Ratio of 3.98, compared to 1719532800 on 26977431. Therefore, it implies a Short% of Shares Outstanding of 24629357 and a Short% of Float of 16.84.
