Shoals Technologies Group Inc [NASDAQ: SHLS] loss -1.46% or -0.08 points to close at $5.39 with a heavy trading volume of 2140688 shares.
The daily chart for SHLS points out that the company has recorded -14.81% loss over the past six months.
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If we look at the average trading volume of 4.85M shares, SHLS reached to a volume of 2140688 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $7.45 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 1.67. 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.
Morgan Stanley have made an estimate for Shoals Technologies Group Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on November 25, 2024, representing the official price target for Shoals Technologies Group Inc stock. Previously, the target price had yet another raise from $9.50 to $11, while TD Cowen kept a Buy rating on SHLS stock.
The Average True Range (ATR) for Shoals Technologies Group Inc is set at 0.38, with the Price to Sales ratio for SHLS stock in the period of the last 12 months amounting to 2.09. The Price to Book ratio for the last quarter was 1.65, 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 10.66 with Quick ratio for the last quarter at 1.36.
Trading performance analysis for SHLS stock
Shoals Technologies Group Inc [SHLS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.74. With this latest performance, SHLS shares gained by 10.77% in over the last four-week period, additionally sinking by -14.81% over the last 6 months – not to mention a drop of -66.05% 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 57.73, with the RSI for the last a single of trading hit 63.36, and the three-weeks RSI is set at 55.26 for Shoals Technologies Group Inc [SHLS]. The present Moving Average for the last 50 days of trading for this stock 5.02, while it was recorded at 5.04 for the last single week of trading, and 6.71 for the last 200 days.
Shoals Technologies Group Inc [SHLS]: A deeper dive into fundamental analysis
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.
Shoals Technologies Group Inc [SHLS]: An earnings per share (EPS) analysis
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 9.50%.
An analysis of Institutional ownership at Shoals Technologies Group Inc [SHLS]
There are presently around $110.35%, or 113.86%% 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%.
