Financial Metrics Exploration: Understanding Shoals Technologies Group Inc (SHLS) Through Ratios

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The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $5.47 for the day, up 0.37% from the previous closing price of $5.45. In other words, the price has increased by $0.37 from its previous closing price. On the day, 2.81 million shares were traded. SHLS stock price reached its highest trading level at $5.7 during the session, while it also had its lowest trading level at $5.47.

Ratios:

Our analysis of SHLS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 285.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.68. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 26 ’24 when MEHGAN PEETZ bought 20,000 shares for $5.55 per share.

Peetz Mehgan sold 3,160 shares of SHLS for $41,206 on Mar 08 ’24. The General Counsel now owns 105,201 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 911553600 and an Enterprise Value of 1055116032. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.96, and their Forward P/E ratio for the next fiscal year is 10.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 2.32 whereas that against EBITDA is 16.726.

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 -10.67%, while the 200-Day Moving Average is calculated to be -48.40%.

Shares Statistics:

SHLS traded an average of 5.75M shares per day over the past three months and 3699980 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 161.46M. Insiders hold about 3.11% of the company’s shares, while institutions hold 119.95% stake in the company. Shares short for SHLS as of 1722384000 were 24629357 with a Short Ratio of 4.28, compared to 1719532800 on 26977431. Therefore, it implies a Short% of Shares Outstanding of 24629357 and a Short% of Float of 16.84.

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