Shoals Technologies Group Inc (NASDAQ: SHLS) is -65.57% lower on its value in year-to-date trading and has touched a low of $4.07 and a high of $17.50 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 $5.47 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $5.39, the stock is 11.64% and 7.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -1.46% at the moment leaves the stock -19.70% off its SMA200. SHLS registered -66.05% loss for a year compared to 6-month loss of -14.81%. The firm has a 50-day simple moving average (SMA 50) of $5.0138 and a 200-day simple moving average (SMA200) of $6.750175.
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The stock witnessed a 10.77% gain in the last 1 month and extending the period to 3 months gives it a -5.81%, and is 8.74% 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 8.79% over the week and 7.12% over the month.
Shoals Technologies Group Inc (SHLS) has around 1309 employees, a market worth around $885.37M and $422.66M in sales. Current P/E ratio is 27.90 and Fwd P/E is 12.53. Profit margin for the company is 7.78%. Distance from 52-week low is 32.43% and -69.19% from its 52-week high. The company has generated returns on investments over the last 12 months (4.79%).
with sales reaching $102.03M over the same period.The EPS is expected to shrink by -45.23% this year, but quarterly earnings will post -19.31% year-over-year. Quarterly sales are estimated to shrink -21.78% in year-over-year returns.
364.0 institutions hold shares in Shoals Technologies Group Inc (SHLS), with institutional investors hold 113.86% of the company’s shares. The shares outstanding are 166.70M, and float is at 165.11M with Short Float at 10.50%. Institutions hold 110.35% 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
The most recent transaction is an insider sale by Lund Inez, the company’s Chief Accounting Officer. SEC filings show that Lund Inez sold 850 shares of the company’s common stock on Dec 05 ’24 at a price of $4.72 per share for a total of $4012.0. Following the sale, the insider now owns 36825.0 shares.
Shoals Technologies Group Inc disclosed in a document filed with the SEC on Dec 05 ’24 that TOLNAR JEFFERY (President) sold a total of 1,310 shares of the company’s common stock. The trade occurred on Dec 05 ’24 and was made at $4.65 per share for $6092.0. Following the transaction, the insider now directly holds 0.12 million shares of the SHLS stock.
Still, SEC filings show that on Dec 05 ’24, Bardos Dominic (Chief Financial Officer) disposed off 4,300 shares at an average price of $4.69 for $20167.0. The insider now directly holds 236,109 shares of Shoals Technologies Group Inc (SHLS).
