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The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $5.83 for the day, up 2.28% from the previous closing price of $5.70. In other words, the price has increased by $2.28 from its previous closing price. On the day, 4.22 million shares were traded. SHLS stock price reached its highest trading level at $6.026 during the session, while it also had its lowest trading level at $5.75.
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 304.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.32. 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:
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 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 971546176 and an Enterprise Value of 1115108608. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.59, and their Forward P/E ratio for the next fiscal year is 12.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 2.452 whereas that against EBITDA is 17.677.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $20.56, while it has fallen to a 52-week low of $4.88. The 50-Day Moving Average of the stock is -1.03%, while the 200-Day Moving Average is calculated to be -39.54%.
Shares Statistics:
SHLS traded an average of 5.57M shares per day over the past three months and 4440470 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 113.72% stake in the company. Shares short for SHLS as of 1726185600 were 21485274 with a Short Ratio of 3.86, compared to 1723680000 on 19648441. Therefore, it implies a Short% of Shares Outstanding of 21485274 and a Short% of Float of 14.860000000000001.
