After finishing at $13.35 in the prior trading day, Shoals Technologies Group Inc (NASDAQ: SHLS) closed at $13.01, down -2.55%. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 3269645 shares were traded.
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 97.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.17. 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 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 2.27B and an Enterprise Value of 2.43B. As of this moment, Shoals’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.48, and their Forward P/E ratio for the next fiscal year is 14.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 4.06. Its current Enterprise Value per Revenue stands at 4.97 whereas that against EBITDA is 27.11.
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 14.67, while the 200-Day Moving Average is calculated to be 18.71.
Shares Statistics:
The stock has traded on average 3.74M shares per day over the past 3-months and 4.89M 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 163.63M. Insiders hold about 3.71% of the company’s shares, while institutions hold 117.52% stake in the company. Shares short for SHLS as of Feb 15, 2024 were 26.85M with a Short Ratio of 7.18, compared to 26.35M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.78% and a Short% of Float of 15.95%.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.04, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.13, with high estimates of $0.21 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.88 and $0.5 for the fiscal current year, implying an average EPS of $0.64. EPS for the following year is $0.89, with 18 analysts recommending between $1.13 and $0.67.
Revenue Estimates
17 analysts predict $102.33M in revenue for the current quarter. It ranges from a high estimate of $136.6M to a low estimate of $91.14M. As of the current estimate, Shoals Technologies Group Inc’s year-ago sales were $105.09M, an estimated decrease of -2.60% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $116.73M, an increase of 1.20% over than the figure of -$2.60% in the same quarter last year. There is a high estimate of $154.1M for the next quarter, whereas the lowest estimate is $99.65M.
A total of 20 analysts have provided revenue estimates for SHLS’s current fiscal year. The highest revenue estimate was $636.4M, while the lowest revenue estimate was $481.96M, resulting in an average revenue estimate of $525.42M. In the same quarter a year ago, actual revenue was $488.94M, up 7.50% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $681.37M in the next fiscal year. The high estimate is $824.8M and the low estimate is $533.89M. The average revenue growth estimate for next year is up 29.70% from the average revenue estimate for this year.
