Shoals Technologies Group Inc (SHLS)’s debt-to-equity and long-term debt/equity ratios

As of close of business last night, Shoals Technologies Group Inc’s stock clocked out at $15.44, up 0.59% from its previous closing price of $15.35. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 3036702 shares were traded.

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To gain a deeper understanding of SHLS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 284.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.36.

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, Barclays on January 22, 2024, Upgraded its rating to Equal Weight and sets its target price to $15 from $17 previously.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 05 when Bardos Dominic sold 4,200 shares for $14.24 per share. The transaction valued at 59,808 led to the insider holds 66,925 shares of the business.

Peetz Mehgan sold 3,310 shares of SHLS for $47,035 on Dec 05. The General Counsel now owns 78,075 shares after completing the transaction at $14.21 per share. On Dec 05, another insider, TOLNAR JEFFERY, who serves as the President of the company, sold 2,500 shares for $14.15 each. As a result, the insider received 35,375 and left with 60,154 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 2.63B and an Enterprise Value of 2.81B. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.87, and their Forward P/E ratio for the next fiscal year is 18.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.79 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 6.19 whereas that against EBITDA is 15.17.

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 $12.11. The 50-Day Moving Average of the stock is 14.32, while the 200-Day Moving Average is calculated to be 19.17.

Shares Statistics:

It appears that SHLS traded 3.70M shares on average per day over the past three months and 3.84M shares per day over the past ten days. A total of 169.94M shares are outstanding, with a floating share count of 163.92M. Insiders hold about 3.54% of the company’s shares, while institutions hold 109.59% stake in the company. Shares short for SHLS as of Jan 11, 2024 were 26.35M with a Short Ratio of 26.35M, compared to 25.08M on Dec 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 15.50% and a Short% of Float of 15.66%.

Earnings Estimates

As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.14, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.17, with high estimates of $0.21 and low estimates of $0.12.

Analysts are recommending an EPS of between $0.72 and $0.51 for the fiscal current year, implying an average EPS of $0.65. EPS for the following year is $0.82, with 18 analysts recommending between $0.93 and $0.66.

Revenue Estimates

In the current quarter, 16 analysts expect revenue to total $132M. It ranges from a high estimate of $134.79M to a low estimate of $131M. As of the current estimate, Shoals Technologies Group Inc’s year-ago sales were $94.65M, an estimated increase of 39.50% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $134.53M, an increase of 28.00% less than the figure of $39.50% in the same quarter last year. There is a high estimate of $155.2M for the next quarter, whereas the lowest estimate is $108.86M.

A total of 19 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $493.29M, while the lowest revenue estimate was $483.17M, resulting in an average revenue estimate of $490.25M. In the same quarter a year ago, actual revenue was $326.94M, up 50.00% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $626.39M in the next fiscal year. The high estimate is $701.2M and the low estimate is $533.82M. The average revenue growth estimate for next year is up 27.80% from the average revenue estimate for this year.

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