Shoals Technologies Group Inc (NASDAQ: SHLS) has a higher price-to-earnings ratio of 46.75x compared to its average ratio, The 36-month beta value for SHLS is at 1.73. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SHLS is 161.35M, and currently, shorts hold a 10.13% of that float. The average trading volume for SHLS on September 24, 2024 was 5.68M shares.
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SHLS) stock’s latest price update
Shoals Technologies Group Inc (NASDAQ: SHLS)’s stock price has increased by 4.40 compared to its previous closing price of 6.13. However, the company has seen a 1.59% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-05 that PORTLAND, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“the Company”) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announces financial highlights of its investor day, which was held today in Nashville, TN.
SHLS’s Market Performance
Shoals Technologies Group Inc (SHLS) has seen a 1.59% rise in stock performance for the week, with a 25.49% gain in the past month and a -1.39% plunge in the past quarter. The volatility ratio for the week is 6.85%, and the volatility levels for the past 30 days are at 7.01% for SHLS. The simple moving average for the past 20 days is 8.42% for SHLS’s stock, with a -34.66% simple moving average for the past 200 days.
Analysts’ Opinion of SHLS
Many brokerage firms have already submitted their reports for SHLS stocks, with Jefferies repeating the rating for SHLS by listing it as a “Hold.” The predicted price for SHLS in the upcoming period, according to Jefferies is $5 based on the research report published on September 04, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see SHLS reach a price target of $7, previously predicting the price at $15. The rating they have provided for SHLS stocks is “Neutral” according to the report published on August 07th, 2024.
Citigroup gave a rating of “Sell” to SHLS, setting the target price at $5 in the report published on July 02nd of the current year.
SHLS Trading at 7.39% from the 50-Day Moving Average
After a stumble in the market that brought SHLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.98% of loss for the given period.
Volatility was left at 7.01%, however, over the last 30 days, the volatility rate increased by 6.85%, as shares surge +17.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.84% lower at present.
During the last 5 trading sessions, SHLS rose by +1.59%, which changed the moving average for the period of 200-days by -54.67% in comparison to the 20-day moving average, which settled at $5.95. In addition, Shoals Technologies Group Inc saw -58.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHLS starting from TOLNAR JEFFERY, who sale 2,110 shares at the price of $6.34 back on Sep 16 ’24. After this action, TOLNAR JEFFERY now owns 125,761 shares of Shoals Technologies Group Inc, valued at $13,377 using the latest closing price.
Lund Inez, the Chief Accounting Officer of Shoals Technologies Group Inc, sale 350 shares at $6.33 during a trade that took place back on Sep 16 ’24, which means that Lund Inez is holding 37,675 shares at $2,216 based on the most recent closing price.
Stock Fundamentals for SHLS
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.31 for the gross margin
The net margin for Shoals Technologies Group Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 4.34, with 2.90 for asset returns.
Based on Shoals Technologies Group Inc (SHLS), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 2.71.
Currently, EBITDA for the company is 89.56 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.66. The receivables turnover for the company is 4.16for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
In conclusion, Shoals Technologies Group Inc (SHLS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
