Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Shoals Technologies Group Inc (NASDAQ: SHLS) closed the day trading at $8.43 up 1.69% from the previous closing price of $8.29. In other words, the price has increased by $1.69 from its previous closing price. On the day, 2.85 million shares were traded. SHLS stock price reached its highest trading level at $8.45 during the session, while it also had its lowest trading level at $8.088.
Ratios:
For a better understanding of SHLS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 63.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.65. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1436623744 and an Enterprise Value of 1597871744. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.01, and their Forward P/E ratio for the next fiscal year is 9.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.94 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 3.268 whereas that against EBITDA is 17.841.
Stock Price History:
The Beta on a monthly basis for SHLS is 1.87, which has changed by -0.6093605 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, SHLS has reached a high of $28.34, while it has fallen to a 52-week low of $8.06. The 50-Day Moving Average of the stock is -32.36%, while the 200-Day Moving Average is calculated to be -48.76%.
Shares Statistics:
Over the past 3-months, SHLS traded about 4.05M shares per day on average, while over the past 10 days, SHLS traded about 4792950 shares per day. A total of 170.12M shares are outstanding, with a floating share count of 164.11M. Insiders hold about 3.70% of the company’s shares, while institutions hold 116.18% stake in the company. Shares short for SHLS as of 1711584000 were 25427042 with a Short Ratio of 6.27, compared to 1709164800 on 26793462. Therefore, it implies a Short% of Shares Outstanding of 25427042 and a Short% of Float of 17.14.
Earnings Estimates
Investors are keenly observing as 17 analysts analyze and rate the current performance of Shoals Technologies Group Inc (SHLS) in the stock market.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 $0.08.
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 $0.87, with 18 analysts recommending between $1.13 and $0.54.
Revenue Estimates
16 analysts predict $97.69M in revenue for the current quarter. 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 $99.64M.
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 $479.8M, resulting in an average revenue estimate of $506.39M. 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 $646.99M 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 27.80% from the average revenue estimate for this year.
