The closing price of Shoals Technologies Group Inc. (NASDAQ: SHLS) was $20.34 for the day, down -3.10% from the previous closing price of $20.99. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 1256462 shares were traded. SHLS stock price reached its highest trading level at $21.19 during the session, while it also had its lowest trading level at $20.30.
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 613.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, Cantor Fitzgerald on September 05, 2023, Upgraded its rating to Overweight and sets its target price to $28 from $27 previously.
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 14 when Peetz Mehgan sold 1,990 shares for $21.58 per share. The transaction valued at 42,944 led to the insider holds 81,385 shares of the business.
TOLNAR JEFFERY sold 1,975 shares of SHLS for $42,778 on Sep 14. The President now owns 62,654 shares after completing the transaction at $21.66 per share. On Jun 16, another insider, Peetz Mehgan, who serves as the General Counsel of the company, sold 7,279 shares for $24.78 each. As a result, the insider received 180,374 and left with 83,375 shares of the company.
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 3.46B and an Enterprise Value of 3.66B. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.91, and their Forward P/E ratio for the next fiscal year is 23.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.83 while its Price-to-Book (P/B) ratio in mrq is 6.52. Its current Enterprise Value per Revenue stands at 8.94 whereas that against EBITDA is 16.99.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $32.43, while it has fallen to a 52-week low of $17.32. The 50-Day Moving Average of the stock is 22.57, while the 200-Day Moving Average is calculated to be 23.70.
SHLS traded an average of 2.35M shares per day over the past three months and 2.59M shares per day over the past ten days. A total of 169.89M shares are outstanding, with a floating share count of 132.70M. Insiders hold about 1.00% of the company’s shares, while institutions hold 94.60% stake in the company. Shares short for SHLS as of Aug 30, 2023 were 17.77M with a Short Ratio of 17.77M, compared to 15.63M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.46% and a Short% of Float of 10.57%.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.14, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.14.
Analysts are recommending an EPS of between $0.66 and $0.45 for the fiscal current year, implying an average EPS of $0.58. EPS for the following year is $0.88, with 14 analysts recommending between $1.02 and $0.74.
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $142.9M to a low estimate of $131M. As of the current estimate, Shoals Technologies Group Inc.’s year-ago sales were $90.82M, an estimated increase of 49.80% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $140.3M, an increase of 48.20% less than the figure of $49.80% in the same quarter last year. There is a high estimate of $147M for the next quarter, whereas the lowest estimate is $123.3M.
A total of 15 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $510M, while the lowest revenue estimate was $487.4M, resulting in an average revenue estimate of $499.8M. In the same quarter a year ago, actual revenue was $326.94M, up 52.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $684.61M in the next fiscal year. The high estimate is $761M and the low estimate is $595.7M. The average revenue growth estimate for next year is up 37.00% from the average revenue estimate for this year.