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The price of Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $4.56 in the last session, down -3.59% from day before closing price of $4.73. In other words, the price has decreased by -$3.59 from its previous closing price. On the day, 8.02 million shares were traded. SHLS stock price reached its highest trading level at $4.84 during the session, while it also had its lowest trading level at $4.51.
Ratios:
We take a closer look at SHLS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On November 25, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $6.
TD Cowen reiterated its Buy rating for the stock on November 13, 2024, while the target price for the stock was revised from $9.50 to $11.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 05 ’24 when Lund Inez sold 850 shares for $4.72 per share. The transaction valued at 4,012 led to the insider holds 36,825 shares of the business.
TOLNAR JEFFERY sold 1,310 shares of SHLS for $6,092 on Dec 05 ’24. The President now owns 124,451 shares after completing the transaction at $4.65 per share. On Dec 05 ’24, another insider, Bardos Dominic, who serves as the Chief Financial Officer of the company, sold 4,300 shares for $4.69 each. As a result, the insider received 20,167 and left with 236,109 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 760147456 and an Enterprise Value of 919130880. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.60, and their Forward P/E ratio for the next fiscal year is 10.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 2.175 whereas that against EBITDA is 11.682.
Stock Price History:
The Beta on a monthly basis for SHLS is 1.59, which has changed by -0.6485884 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, SHLS has reached a high of $17.50, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is -8.76%, while the 200-Day Moving Average is calculated to be -25.22%.
Shares Statistics:
According to the various share statistics, SHLS traded on average about 5.66M shares per day over the past 3-months and 8356440 shares per day over the past 10 days. A total of 166.70M shares are outstanding, with a floating share count of 165.11M. Insiders hold about 0.95% of the company’s shares, while institutions hold 105.51% stake in the company. Shares short for SHLS as of 1735603200 were 19021373 with a Short Ratio of 3.36, compared to 1732838400 on 18206582. Therefore, it implies a Short% of Shares Outstanding of 19021373 and a Short% of Float of 13.149999000000001.
