The price of Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $11.18 in the last session, down -4.93% from day before closing price of $11.76. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 7126519 shares were traded.
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 83.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
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, TD Cowen on February 29, 2024, Reiterated its Outperform rating but revised its target price to $22 from $30 previously.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $20.
Barclays Upgraded its Underweight to Equal Weight on January 22, 2024, whereas the target price for the stock was revised from $17 to $15.
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 Mar 08 ’24 when Peetz Mehgan sold 3,160 shares for $13.04 per share. The transaction valued at 41,206 led to the insider holds 105,201 shares of the business.
TOLNAR JEFFERY sold 2,750 shares of SHLS for $35,860 on Mar 08 ’24. The President now owns 96,391 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 1.91B and an Enterprise Value of 2.06B. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.10, and their Forward P/E ratio for the next fiscal year is 12.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 3.49. Its current Enterprise Value per Revenue stands at 4.22 whereas that against EBITDA is 23.05.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $28.34, while it has fallen to a 52-week low of $11.11. The 50-Day Moving Average of the stock is 13.71, while the 200-Day Moving Average is calculated to be 17.60.
Shares Statistics:
According to the various share statistics, SHLS traded on average about 3.62M shares per day over the past 3-months and 3.83M shares per day over the past 10 days. A total of 170.12M shares are outstanding, with a floating share count of 164.03M. Insiders hold about 3.71% of the company’s shares, while institutions hold 117.30% stake in the company. Shares short for SHLS as of Mar 15, 2024 were 25.25M with a Short Ratio of 6.97, compared to 26.85M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.82% and a Short% of Float of 17.02%.
Earnings Estimates
The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.04, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.11, with high estimates of $0.21 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.88 and $0.5 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.86, with 18 analysts recommending between $1.13 and $0.54.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $97.69M. It ranges from a high estimate of $127.2M to a low estimate of $91.14M. As of the current estimate, Shoals Technologies Group Inc’s year-ago sales were $105.09M, an estimated decrease of -7.00% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $111.94M, a decrease of -3.00% over than the figure of -$7.00% in the same quarter last year. There is a high estimate of $154.1M for the next quarter, whereas the lowest estimate is $99.65M.
A total of 20 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $636.4M, while the lowest revenue estimate was $480.7M, resulting in an average revenue estimate of $506.44M. In the same quarter a year ago, actual revenue was $488.94M, up 3.60% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $648.01M in the next fiscal year. The high estimate is $824.8M and the low estimate is $533.89M. The average revenue growth estimate for next year is up 28.00% from the average revenue estimate for this year.
