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After finishing at $5.09 in the prior trading day, Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $5.13, up 0.79%. In other words, the price has increased by $0.79 from its previous closing price. On the day, 3.18 million shares were traded. SHLS stock price reached its highest trading level at $5.26 during the session, while it also had its lowest trading level at $5.05.
Ratios:
Our goal is to gain a better understanding of SHLS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 268.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 October 03, 2024, Upgraded its rating to Neutral and sets its target price to $5.50 from $5 previously.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $5.
Exane BNP Paribas Downgraded its Outperform to Neutral on August 07, 2024, whereas the target price for the stock was revised from $15 to $7.
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 Sep 16 ’24 when TOLNAR JEFFERY sold 2,110 shares for $6.34 per share. The transaction valued at 13,377 led to the insider holds 125,761 shares of the business.
Lund Inez sold 350 shares of SHLS for $2,216 on Sep 16 ’24. The Chief Accounting Officer now owns 37,675 shares after completing the transaction at $6.33 per share. On Sep 16 ’24, another insider, Jeffrey Tolnar, who serves as the President of the company, bought 2,110 shares for $6.28 each.
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 854894016 and an Enterprise Value of 998456256. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.47, and their Forward P/E ratio for the next fiscal year is 10.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 1.59. Its current Enterprise Value per Revenue stands at 2.196 whereas that against EBITDA is 15.828.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $18.46, while it has fallen to a 52-week low of $4.88. The 50-Day Moving Average of the stock is -11.10%, while the 200-Day Moving Average is calculated to be -45.47%.
Shares Statistics:
The stock has traded on average 5.44M shares per day over the past 3-months and 4132270 shares per day over the last 10 days, according to various share statistics. A total of 170.12M shares are outstanding, with a floating share count of 161.35M. Insiders hold about 3.18% of the company’s shares, while institutions hold 114.12% stake in the company. Shares short for SHLS as of 1726185600 were 21485274 with a Short Ratio of 3.95, compared to 1723680000 on 19648441. Therefore, it implies a Short% of Shares Outstanding of 21485274 and a Short% of Float of 14.860000000000001.
