Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Shoals Technologies Group Inc (NASDAQ: SHLS) was $2.82 for the day, down -6.31% from the previous closing price of $3.01. In other words, the price has decreased by -$6.31 from its previous closing price. On the day, 8.23 million shares were traded.
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 20.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On December 17, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $7.
On November 25, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $6.BofA Securities initiated its Buy rating on November 25, 2024, with a $6 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 Mar 05 ’25 when Lund Inez sold 1,025 shares for $3.11 per share. The transaction valued at 3,188 led to the insider holds 63,034 shares of the business.
TOLNAR JEFFERY sold 5,800 shares of SHLS for $17,806 on Mar 05 ’25. The President now owns 256,126 shares after completing the transaction at $3.07 per share. On Mar 05 ’25, another insider, Bardos Dominic, who serves as the Chief Financial Officer of the company, sold 7,450 shares for $3.09 each. As a result, the insider received 23,020 and left with 383,217 shares of the company.
Valuation Measures:
As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.78, and their Forward P/E ratio for the next fiscal year is 6.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 0.84.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $13.44, while it has fallen to a 52-week low of $2.77. The 50-Day Moving Average of the stock is -38.86%, while the 200-Day Moving Average is calculated to be -48.84%.
Shares Statistics:
A total of 166.76M shares are outstanding, with a floating share count of 164.64M. Insiders hold about 1.43% of the company’s shares, while institutions hold 109.39% stake in the company.
