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Shoals Technologies Group Inc (NASDAQ: SHLS) closed the day trading at $4.17 down -5.44% from the previous closing price of $4.41. In other words, the price has decreased by -$5.44 from its previous closing price. On the day, 4.76 million shares were traded. SHLS stock price reached its highest trading level at $4.39 during the session, while it also had its lowest trading level at $4.14.
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 62.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
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, BofA Securities on November 25, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On November 13, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $9.50 to $11.
On October 14, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $46.Wells Fargo initiated its Equal Weight rating on October 14, 2024, with a $46 target price.
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 Dec 05 ’24 when Lund Inez sold 850 shares for $4.72 per share. The transaction valued at 4,012 led to the insider holds 36,825 shares of the business.
TOLNAR JEFFERY sold 1,310 shares of SHLS for $6,092 on Dec 05 ’24. The President now owns 124,451 shares after completing the transaction at $4.65 per share. On Dec 05 ’24, another insider, Bardos Dominic, who serves as the Chief Financial Officer of the company, sold 4,300 shares for $4.69 each. As a result, the insider received 20,167 and left with 236,109 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 695134848 and an Enterprise Value of 825779328. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.58, and their Forward P/E ratio for the next fiscal year is 9.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 1.954 whereas that against EBITDA is 10.496.
Stock Price History:
Over the past 52 weeks, SHLS has reached a high of $17.50, while it has fallen to a 52-week low of $4.07. The 50-Day Moving Average of the stock is -17.17%, while the 200-Day Moving Average is calculated to be -39.97%.
Shares Statistics:
Over the past 3-months, SHLS traded about 4.70M shares per day on average, while over the past 10 days, SHLS traded about 3875900 shares per day. A total of 166.70M shares are outstanding, with a floating share count of 165.11M. Insiders hold about 0.95% of the company’s shares, while institutions hold 104.95% stake in the company. Shares short for SHLS as of 1732838400 were 18206582 with a Short Ratio of 3.88, compared to 1730332800 on 19387291. Therefore, it implies a Short% of Shares Outstanding of 18206582 and a Short% of Float of 12.590000000000002.
