Analyzing Shoals Technologies Group Inc. (SHLS) By Technical Indicators

As of Thursday close, Shoals Technologies Group Inc.’s (NASDAQ:SHLS) stock was up $0.3, moving up 2.79 percent to $11.06. The average number of shares traded per day over the past five days has been 2,808,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.74 fall in that time frame. In the last twenty days, the average volume was 3,120,110, while in the previous 50 days, it was 3,008,952.


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Since last month, SHLS stock retreated -17.95%. Shares of the company fell to $9.58 on 04/28/22, the lowest level in the past month. A 52-week high of $37.61 was reached on 01/03/22 after having rallying from a 52-week low of $9.58. Since the beginning of this year, SHLS’s stock price has dropped by -54.49% or -$13.24, and marked a new high 1 time. However, the stock has declined by -70.59% since its 52-week high.

Shoals Technologies Group Inc. (SHLS) last reported insider trading activity 51 days ago on Mar 23. Garton Philip A, the Chief Financial Officer of the company, disposed of 100,000 shares for $22.00 on Mar 23. It resulted in a $2,200,000 divestment by the insider. Peetz Mehgan sold 11,941 shares at an average price of $27.02 on Jul 19. The insider now owns 44,000 shares following the transaction.

Valuation Metrics

Right now, Shoals Technologies Group Inc. (SHLS) has a P/E ratio of about 425.38. Besides these, the trailing price-to-sales (P/S) ratio of 8.81, the price-to-book (PB) ratio of 553.00.

Financial Health

In the three months ended September 29, Shoals Technologies Group Inc.’s quick ratio stood at 1.70, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 94.27, and the total debt-to-equity ratio was 95.04. On the profitability front, the trailing twelve-month gross margin is 38.80% percent. In the year ended September 29, operating margins totaled 9.40%. Based on annual data, SHLS earned $82.64 million in gross profit and brought in $213.21 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.10%. Return on equity (ROE) for the past 12 months was -29.60%.

In Shoals Technologies Group Inc.’s quarter-end financial report for September 29, it reported total debt of $55.14 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SHLS’s revenue rose 100.0% to $59.84 million during the quarter, while net income inched up to $48.05 million. While analysts expected Shoals Technologies Group Inc. to report $0.07 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated $5.67 million in EBITDA. The liabilities of Shoals Technologies Group Inc. were 433.91 million at the end of its most recent quarter ended September 29, and its total debt was $252.28 million. The value of shareholders’ equity is $167.07 million.

Technical Picture

This quick technical analysis looks at Shoals Technologies Group Inc.’s (SHLS) price momentum. With a historical volatility rate of 133.46%, the RSI 9-day stood at 40.15% on 12 May.

With respect to its five-day moving average, the current Shoals Technologies Group Inc. price is down by -19.86% percent or -$2.74. At present, SHLS shares trade -18.13% below its 20-day simple moving average and -56.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.55% below its SMA50 and -61.37% below its SMA200.

Stochastic coefficient K was 35.13% and Stochastic coefficient D was 47.78%, while ATR was 1.36. Given the Stochastic reading of 31.97% for the 14-day period, the RSI (14) reading has been calculated as 40.68%. As of today, the MACD Oscillator reading stands at -1.17, while the 14-day reading stands at -0.34.

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