Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $3.33 for the day, down -2.35% from the previous closing price of $3.41. In other words, the price has decreased by -$2.35 from its previous closing price. On the day, 4.98 million shares were traded.
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 23.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On December 17, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $7.
On November 25, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $6.BofA Securities initiated its Buy rating on November 25, 2024, with a $6 target price.
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 Mar 12 ’25 when Bardos Dominic bought 35,000 shares for $2.80 per share. The transaction valued at 98,000 led to the insider holds 418,217 shares of the business.
Lund Inez sold 1,900 shares of SHLS for $5,548 on Mar 10 ’25. The Chief Accounting Officer now owns 61,134 shares after completing the transaction at $2.92 per share. On Mar 10 ’25, another insider, TOLNAR JEFFERY, who serves as the President of the company, sold 2,700 shares for $2.88 each. As a result, the insider received 7,776 and left with 253,426 shares of the company.
Valuation Measures:
As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.35, and their Forward P/E ratio for the next fiscal year is 7.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.00.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $9.70, while it has fallen to a 52-week low of $2.71. The 50-Day Moving Average of the stock is -7.31%, while the 200-Day Moving Average is calculated to be -33.58%.
Shares Statistics:
A total of 166.76M shares are outstanding, with a floating share count of 164.78M. Insiders hold about 1.43% of the company’s shares, while institutions hold 111.02% stake in the company.
