Shoals Technologies Group Inc (NASDAQ: SHLS) closed the day trading at $8.72 down -4.91% from the previous closing price of $9.17. On the day, 4841791 shares were traded.
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 65.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
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, TD Cowen on February 29, 2024, Reiterated its Outperform rating but revised its target price to $22 from $30 previously.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $20.
Barclays Upgraded its Underweight to Equal Weight on January 22, 2024, whereas the target price for the stock was revised from $17 to $15.
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:
As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.18, and their Forward P/E ratio for the next fiscal year is 9.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 2.72.
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 $9.09.
Shares Statistics:
A total of 170.12M shares are outstanding, with a floating share count of 164.03M. Insiders hold about 3.70% of the company’s shares, while institutions hold 116.60% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from SELLAS Life Sciences Group, Inc analysts. The consensus estimate for the next quarter is $25.76, with high estimates of $40.18 and low estimates of $8.72.
