Shoals Technologies Group Inc [NASDAQ: SHLS] closed the trading session at $4.15.
The stocks have a year to date performance of -73.29 percent and weekly performance of -14.43 percent. The stock has been moved at -38.97 percent over the last six months. The stock has performed -17.82 percent around the most recent 30 days and changed -21.99 percent over the most recent 3-months.
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If compared to the average trading volume of 5.12M shares, SHLS reached to a volume of 5536417 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Shoals Technologies Group Inc [SHLS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHLS shares is $7.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHLS stock is a recommendation set at 1.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Shoals Technologies Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on October 14, 2024, representing the official price target for Shoals Technologies Group Inc stock. Previously, the target price had yet another raise from $5 to $5.50, while Citigroup kept a Neutral rating on SHLS stock.
The Average True Range (ATR) for Shoals Technologies Group Inc is set at 0.42, with the Price to Sales ratio for SHLS stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for SHLS in the course of the last twelve months was 8.33 with Quick ratio for the last quarter at 1.36.
SHLS stock trade performance evaluation
Shoals Technologies Group Inc [SHLS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.43. With this latest performance, SHLS shares dropped by -17.82% in over the last four-week period, additionally sinking by -38.97% over the last 6 months – not to mention a drop of -72.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHLS stock in for the last two-week period is set at 32.54, with the RSI for the last a single of trading hit 27.58, and the three-weeks RSI is set at 35.85 for Shoals Technologies Group Inc [SHLS]. The present Moving Average for the last 50 days of trading for this stock 5.47, while it was recorded at 4.63 for the last single week of trading, and 7.90 for the last 200 days.
Shoals Technologies Group Inc [SHLS]: An insightful look at the core fundamentals
Shoals Technologies Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.36 and a Current Ratio set at 2.08.
Earnings per share (EPS) analysis for Shoals Technologies Group Inc [SHLS] stock
With the latest financial reports released by the company, Shoals Technologies Group Inc posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shoals Technologies Group Inc go to 20.50%.
Shoals Technologies Group Inc [SHLS]: Institutional Ownership
There are presently around $111.16%, or 114.67%% of SHLS stock, in the hands of institutional investors. The top three institutional holders of SHLS stocks are: BLACKROCK INC. with ownership of 23.13 million shares, which is approximately 13.6045%. VANGUARD GROUP INC, holding 16.48 million shares of the stock with an approximate value of $$102.81 million in SHLS stocks shares; and VANGUARD GROUP INC, currently with $$71.39 million in SHLS stock with ownership which is approximately 6.7302%.
