Shoals Technologies Group Inc (NASDAQ: SHLS) is 9.04% higher on its value in year-to-date trading and has touched a low of $2.71 and a high of $8.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHLS stock was last observed hovering at around $5.36 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $6.03, the stock is 51.01% and 70.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.99 million and changing 12.50% at the moment leaves the stock 26.51% off its SMA200. SHLS registered -21.43% loss for a year compared to 6-month loss of 3.61%.
The stock witnessed a 76.83% gain in the last 1 month and extending the period to 3 months gives it a 47.07%, and is 36.73% 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 8.67% over the week and 7.73% over the month.
Shoals Technologies Group Inc (SHLS) has around 1290 employees, a market worth around $1.01B and $388.76M in sales. Current P/E ratio is 53.36 and Fwd P/E is 12.85. Profit margin for the company is 4.91%. Distance from 52-week low is 122.51% and -29.23% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).
with sales reaching $104.21M over the same period.The EPS is expected to grow by 7.82% this year, but quarterly earnings will post 9.25% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.
Shoals Technologies Group Inc (SHLS) Top Institutional Holders
The shares outstanding are 167.17M, and float is at 164.13M with Short Float at 8.75%.
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 purchase by Bardos Dominic, the company’s Chief Financial Officer. SEC filings show that Bardos Dominic bought 35,000 shares of the company’s common stock on Mar 12 ’25 at a price of $2.80 per share for a total of $98000.0. Following the purchase, the insider now owns 0.42 million shares.
Shoals Technologies Group Inc disclosed in a document filed with the SEC on Mar 10 ’25 that Lund Inez (Chief Accounting Officer) sold a total of 1,900 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $2.92 per share for $5548.0. Following the transaction, the insider now directly holds 61134.0 shares of the SHLS stock.
Still, SEC filings show that on Mar 10 ’25, TOLNAR JEFFERY (President) disposed off 2,700 shares at an average price of $2.88 for $7776.0. The insider now directly holds 253,426 shares of Shoals Technologies Group Inc (SHLS).
