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The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $5.85 for the day, down -0.68% from the previous closing price of $5.89. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 7.88 million shares were traded. SHLS stock price reached its highest trading level at $5.89 during the session, while it also had its lowest trading level at $5.5.
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 87.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.74. 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:
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 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 981858176 and an Enterprise Value of 1105833856. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.28, and their Forward P/E ratio for the next fiscal year is 13.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 1.79. Its current Enterprise Value per Revenue stands at 2.616 whereas that against EBITDA is 14.056.
Stock Price History:
The Beta on a monthly basis for SHLS is 1.61, which has changed by -0.55277145 over the last 52 weeks, in comparison to a change of 0.22263205 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 12.98%, while the 200-Day Moving Average is calculated to be -8.24%.
Shares Statistics:
SHLS traded an average of 5.02M shares per day over the past three months and 5612210 shares per day over the past ten 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 105.68% stake in the company. Shares short for SHLS as of 1734048000 were 17341612 with a Short Ratio of 3.79, compared to 1731628800 on 18791874. Therefore, it implies a Short% of Shares Outstanding of 17341612 and a Short% of Float of 11.989999599999999.
