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The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $5.05 for the day, up 2.23% from the previous closing price of $4.94. In other words, the price has increased by $2.23 from its previous closing price. On the day, 3.5 million shares were traded. SHLS stock price reached its highest trading level at $5.095 during the session, while it also had its lowest trading level at $4.935.
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 263.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.27.
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, Wells Fargo on October 14, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $46.
On October 03, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $5 to $5.50.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $5.Jefferies initiated its Hold rating on September 04, 2024, with a $5 target price.
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 Sep 16 ’24 when TOLNAR JEFFERY sold 2,110 shares for $6.34 per share. The transaction valued at 13,377 led to the insider holds 125,761 shares of the business.
Lund Inez sold 350 shares of SHLS for $2,216 on Sep 16 ’24. The Chief Accounting Officer now owns 37,675 shares after completing the transaction at $6.33 per share. On Sep 16 ’24, another insider, Jeffrey Tolnar, who serves as the President of the company, bought 2,110 shares for $6.28 each.
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 841562304 and an Enterprise Value of 985124608. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.89, and their Forward P/E ratio for the next fiscal year is 10.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 2.167 whereas that against EBITDA is 15.617.
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 $4.85. The 50-Day Moving Average of the stock is -9.31%, while the 200-Day Moving Average is calculated to be -42.82%.
Shares Statistics:
SHLS traded an average of 5.24M shares per day over the past three months and 4184430 shares per day over the past ten days. A total of 170.12M shares are outstanding, with a floating share count of 165.09M. Insiders hold about 0.94% of the company’s shares, while institutions hold 113.62% stake in the company. Shares short for SHLS as of 1727654400 were 16718461 with a Short Ratio of 3.19, compared to 1724976000 on 16352579. Therefore, it implies a Short% of Shares Outstanding of 16718461 and a Short% of Float of 11.560000500000001.
