Ratio Revelations: Shoals Technologies Group Inc (SHLS)’s Financial Metrics in the Spotlight

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Shoals Technologies Group Inc (NASDAQ: SHLS) closed the day trading at $5.95 down -1.33% from the previous closing price of $6.03. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 3.52 million shares were traded. SHLS stock price reached its highest trading level at $6.22 during the session, while it also had its lowest trading level at $5.89.

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 66.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.

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 the company, Citigroup on July 02, 2024, Downgraded its rating to Sell and sets its target price to $5 from $15 previously.

On May 08, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $15 to $11.

ROTH MKM Downgraded its Buy to Neutral on May 08, 2024, whereas the target price for the stock was revised from $15 to $8.

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 1013998976 and an Enterprise Value of 1167514880. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.30, and their Forward P/E ratio for the next fiscal year is 8.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 2.46 whereas that against EBITDA is 15.455.

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 $5.69. The 50-Day Moving Average of the stock is -18.86%, while the 200-Day Moving Average is calculated to be -52.62%.

Shares Statistics:

Over the past 3-months, SHLS traded about 5.83M shares per day on average, while over the past 10 days, SHLS traded about 5712410 shares per day. A total of 170.12M shares are outstanding, with a floating share count of 165.73M. Insiders hold about 2.75% of the company’s shares, while institutions hold 121.12% stake in the company. Shares short for SHLS as of 1718323200 were 25532243 with a Short Ratio of 4.38, compared to 1715731200 on 19013209. Therefore, it implies a Short% of Shares Outstanding of 25532243 and a Short% of Float of 17.21.

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