Shoals Technologies Group Inc (NASDAQ: SHLS) has a price-to-earnings ratio of 22.32x that is above its average ratio. Additionally, the 36-month beta value for SHLS is 1.70. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for SHLS is 164.99M and currently, short sellers hold a 11.75% ratio of that float. The average trading volume of SHLS on November 18, 2024 was 5.07M shares.
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SHLS) stock’s latest price update
Shoals Technologies Group Inc (NASDAQ: SHLS)’s stock price has decreased by -5.42 compared to its previous closing price of 4.56. However, the company has seen a -25.25% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Matthew Tractenberg – Vice President of Finance and Investor Relations Brandon Moss – Chief Executive Officer Dominic Bardos – Chief Financial Officer Conference Call Participants Brian Lee – Goldman Sachs Mark Strouse – JPMorgan Philip Shen – ROTH Capital Partners Kashy Harrison – Piper Sandler Christine Cho – Barclays Jordan Levy – Truist Securities Andrew Percoco – Morgan Stanley Praneeth Satish – Wells Fargo Joseph Osha – Guggenheim Partners Colin Rusch – Oppenheimer Operator Hello and welcome to the Shoals Technologies Group, Inc. Third Quarter 2024 Earnings Call. My name is Alex and I’ll be coordinating the call today.
SHLS’s Market Performance
Shoals Technologies Group Inc (SHLS) has experienced a -25.25% fall in stock performance for the past week, with a -14.60% drop in the past month, and a -18.32% drop in the past quarter. The volatility ratio for the week is 12.55%, and the volatility levels for the past 30 days are at 7.61% for SHLS. The simple moving average for the past 20 days is -18.74% for SHLS’s stock, with a -45.75% simple moving average for the past 200 days.
Analysts’ Opinion of SHLS
Many brokerage firms have already submitted their reports for SHLS stocks, with TD Cowen repeating the rating for SHLS by listing it as a “Buy.” The predicted price for SHLS in the upcoming period, according to TD Cowen is $11 based on the research report published on November 13, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SHLS reach a price target of $46. The rating they have provided for SHLS stocks is “Equal Weight” according to the report published on October 14th, 2024.
Citigroup gave a rating of “Neutral” to SHLS, setting the target price at $5.50 in the report published on October 03rd of the current year.
SHLS Trading at -21.70% 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 -75.35% of loss for the given period.
Volatility was left at 7.61%, however, over the last 30 days, the volatility rate increased by 12.55%, as shares sank -13.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.84% lower at present.
During the last 5 trading sessions, SHLS fell by -24.19%, which changed the moving average for the period of 200-days by -69.41% in comparison to the 20-day moving average, which settled at $5.31. In addition, Shoals Technologies Group Inc saw -72.25% 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:
- 0.16 for the present operating margin
- 0.36 for the gross margin
The net margin for Shoals Technologies Group Inc stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 6.15, with 4.01 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 0.66. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 4.11.
Currently, EBITDA for the company is 89.56 million with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.02. The receivables turnover for the company is 3.87for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
In conclusion, Shoals Technologies Group Inc (SHLS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
