Shoals Technologies Group Inc. (NASDAQ:SHLS) saw an upside of 3.89% to close Monday at $28.55 after adding $1.07 on the day. The 5-day average trading volume is 1,210,880 shares of the company’s common stock. It has gained $29.48 in the past week. An average of 1,487,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,200,258.
SHLS’s 1-month performance is -3.87% or -$1.15 on its low of $26.44 reached on 10/04/21. The company’s shares have touched a 52-week low of $20.94 and high of $44.04. YTD, SHLS has lost -7.84%. However, the current price is down -35.17%% from the 52-week high price.
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On Jul 19, 85 days have gone by since the last insider trading activity for Shoals Technologies Group Inc. (SHLS). Peetz Mehgan (General Counsel) most recently sold 11,941 shares at $27.02 per share on Jul 19. This transaction cost the insider $322,646.
Shoals Technologies Group Inc. (SHLS) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 36.91 for the sector. The company’s PE ratio for the last five years has touched a high of 276.38 and a low of 149.83. SHLS stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 26.80.
Shoals Technologies Group Inc.’s quick ratio for the period ended June 29 was 2.60, with the current ratio over the same period at 3.40 meaning that SHLS stock is able to fulfill its debt obligations. The trailing 12-month EBITDA margin is 26.60%. The firm’s gross profit as reported stood at $44.21 million against revenue of $144.5 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $59.72 million, while revenue of $45.6 million was 23.64% off the previous quarter. Analysts expected SHLS to announce $0.08 per share in earnings in its latest quarter, but it posted $0.09, representing a 12.50% surprise. EBITDA for the quarter stood at more than $16.81 million. SHLS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 308.44 million, with total debt at $241.36 million. Shareholders hold equity totaling $166.61 million
Let’s look briefly at Shoals Technologies Group Inc. (SHLS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 45.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.00%.
The stock’s 5-day moving average is $27.86, reflecting a +4.50% or $1.23 change from its current price. SHLS is currently trading -10.92% above its 20-day SMA, +32.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.86%.
Stochastic %K and %D was 23.85% and 20.19% and the average true range (ATR) pointed at 1.54. The RSI (14) points at 43.87%, while the 14-day stochastic is at 32.56% with the period’s ATR at 1.55. The stock’s 9-day MACD Oscillator is pointing at 0.15 and -0.68 on the 14-day charts.
Analysts offering their rating for SHLS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SHLS as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is SHLS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $34.00 and a high of $48.00, with their median price target at $43.50. Looking at these predictions, the average price target given by analysts is for Shoals Technologies Group Inc. (SHLS) stock is $42.00.