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As of close of business last night, Shoals Technologies Group Inc’s stock clocked out at $6.46, up 2.54% from its previous closing price of $6.30. In other words, the price has increased by $2.54 from its previous closing price. On the day, 5.42 million shares were traded. SHLS stock price reached its highest trading level at $6.74 during the session, while it also had its lowest trading level at $6.2.
Ratios:
To gain a deeper understanding of SHLS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 337.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.44. 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 this company, Jefferies on September 04, 2024, initiated with a Hold rating and assigned the stock a target price of $5.
On August 07, 2024, Exane BNP Paribas Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $15 to $7.
Citigroup Downgraded its Buy to Sell on July 02, 2024, whereas the target price for the stock was revised from $15 to $5.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when Jeffrey Tolnar bought 2,110 shares for $6.28 per share.
Inez Lund bought 350 shares of SHLS for $2,109 on Sep 16 ’24. On Aug 26 ’24, another insider, MEHGAN PEETZ, who serves as the Former of the company, bought 20,000 shares for $5.55 each.
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 1076533120 and an Enterprise Value of 1220095744. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.19, and their Forward P/E ratio for the next fiscal year is 13.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.683 whereas that against EBITDA is 19.341.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $21.22, while it has fallen to a 52-week low of $4.88. The 50-Day Moving Average of the stock is 8.44%, while the 200-Day Moving Average is calculated to be -35.10%.
Shares Statistics:
It appears that SHLS traded 5.79M shares on average per day over the past three months and 6471500 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 161.35M. Insiders hold about 3.18% of the company’s shares, while institutions hold 119.55% stake in the company. Shares short for SHLS as of 1724976000 were 16352579 with a Short Ratio of 2.82, compared to 1722384000 on 24629357. Therefore, it implies a Short% of Shares Outstanding of 16352579 and a Short% of Float of 11.310001.
