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As of close of business last night, Shoals Technologies Group Inc’s stock clocked out at $4.83, up 9.77% from its previous closing price of $4.40. In other words, the price has increased by $9.77 from its previous closing price. On the day, 7.69 million shares were traded. SHLS stock price reached its highest trading level at $4.885 during the session, while it also had its lowest trading level at $4.65.
Ratios:
To gain a deeper understanding of SHLS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 79.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.64. 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.
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 November 13, 2024, Reiterated its Buy rating but revised its target price to $11 from $9.50 previously.
On October 14, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $46.
Citigroup Upgraded its Sell to Neutral on October 03, 2024, whereas the target price for the stock was revised from $5 to $5.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 21 ’24 when MOSS BRANDON bought 22,300 shares for $4.55 per share. The transaction valued at 101,465 led to the insider holds 593,700 shares of the business.
TOLNAR JEFFERY sold 2,110 shares of SHLS for $13,377 on Sep 16 ’24. The President now owns 125,761 shares after completing the transaction at $6.34 per share. On Sep 16 ’24, another insider, Lund Inez, who serves as the Chief Accounting Officer of the company, sold 350 shares for $6.33 each. As a result, the insider received 2,216 and left with 37,675 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 805156224 and an Enterprise Value of 935800768. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.00, and their Forward P/E ratio for the next fiscal year is 11.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 2.214 whereas that against EBITDA is 11.894.
Stock Price History:
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 -9.86%, while the 200-Day Moving Average is calculated to be -37.61%.
Shares Statistics:
It appears that SHLS traded 5.23M shares on average per day over the past three months and 6790040 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 165.14M. Insiders hold about 0.93% of the company’s shares, while institutions hold 104.82% stake in the company. Shares short for SHLS as of 1730332800 were 19387291 with a Short Ratio of 3.71, compared to 1727654400 on 16718461. Therefore, it implies a Short% of Shares Outstanding of 19387291 and a Short% of Float of 13.41.
