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As of close of business last night, Shoals Technologies Group Inc’s stock clocked out at $5.31, up 3.11% from its previous closing price of $5.15. In other words, the price has increased by $3.11 from its previous closing price. On the day, 3.38 million shares were traded. SHLS stock price reached its highest trading level at $5.35 during the session, while it also had its lowest trading level at $5.1.
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 277.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.40. 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, Citigroup on October 03, 2024, Upgraded its rating to Neutral and sets its target price to $5.50 from $5 previously.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $5.
Exane BNP Paribas Downgraded its Outperform to Neutral on August 07, 2024, whereas the target price for the stock was revised from $15 to $7.
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 TOLNAR JEFFERY sold 2,110 shares for $6.34 per share. The transaction valued at 13,377 led to the insider holds 125,761 shares of the business.
Lund Inez sold 350 shares of SHLS for $2,216 on Sep 16 ’24. The Chief Accounting Officer now owns 37,675 shares after completing the transaction at $6.33 per share. On Sep 16 ’24, another insider, Jeffrey Tolnar, who serves as the President of the company, bought 2,110 shares for $6.28 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 884890240 and an Enterprise Value of 1028452608. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.79, and their Forward P/E ratio for the next fiscal year is 10.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 2.262 whereas that against EBITDA is 16.303.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $18.46, while it has fallen to a 52-week low of $4.85. The 50-Day Moving Average of the stock is -5.23%, while the 200-Day Moving Average is calculated to be -41.58%.
Shares Statistics:
It appears that SHLS traded 5.41M shares on average per day over the past three months and 4371600 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 165.09M. Insiders hold about 0.94% of the company’s shares, while institutions hold 114.05% stake in the company. Shares short for SHLS as of 1727654400 were 16718461 with a Short Ratio of 3.09, compared to 1724976000 on 16352579. Therefore, it implies a Short% of Shares Outstanding of 16718461 and a Short% of Float of 11.560000500000001.
