Shoals Technologies Group Inc (NASDAQ: SHLS) is -59.91% lower on its value in year-to-date trading and has touched a low of $4.88 and a high of $22.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SHLS stock was last observed hovering at around $5.39 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $6.23, the stock is 17.15% and 4.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.11 million and changing 15.58% at the moment leaves the stock -39.98% off its SMA200. SHLS registered -68.34% loss for a year compared to 6-month loss of -52.11%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 7.41% gain in the last 1 month and extending the period to 3 months gives it a -12.99%, and is 13.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.93% over the week and 7.33% over the month.
Shoals Technologies Group Inc (SHLS) has around 1309 employees, a market worth around $1.04B and $454.70M in sales. Current P/E ratio is 45.51 and Fwd P/E is 11.97. Profit margin for the company is 5.13%. Distance from 52-week low is 27.66% and -72.19% from its 52-week high. The company has generated returns on investments over the last 12 months (3.37%).
The EPS is expected to shrink by -41.94% this year.
Shoals Technologies Group Inc (SHLS) Top Institutional Holders
388.0 institutions hold shares in Shoals Technologies Group Inc (SHLS), with institutional investors hold 128.72% of the company’s shares. The shares outstanding are 170.12M, and float is at 161.46M with Short Float at 12.17%. Institutions hold 124.82% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.13 million shares valued at $144.31 million. The investor’s holdings represent 13.6045% of the SHLS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.48 million shares valued at $$102.81 million to account for 9.6926 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 11.44 million shares representing 6.7302% and valued at over $71.39 million, while JOHO CAPITAL LLC holds 5.6724 of the shares totaling 9.64 million with a market value of $60.17 million.
Shoals Technologies Group Inc (SHLS) Insider Activity
#####
Shoals Technologies Group Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Peetz Mehgan (General Counsel) sold a total of 3,160 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $13.04 per share for $41206.0. Following the transaction, the insider now directly holds 0.11 million shares of the SHLS stock.
Still, SEC filings show that on Mar 08 ’24, Lund Inez (Chief Accounting Officer) disposed off 1,940 shares at an average price of $13.05 for $25317.0. The insider now directly holds 21,577 shares of Shoals Technologies Group Inc (SHLS).
