Shoals Technologies Group Inc (NASDAQ: SHLS) open the trading on Wednesday, with great promise as it jumped 0.35% to $8.49, before settling in for the price of $8.46 at the close. Taking a more long-term approach, SHLS posted a 52-week range of $8.06-$28.34.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 37.02%. Meanwhile, its Annual Earning per share during the time was 19.43%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -7.23%. This publicly-traded company’s shares outstanding now amounts to $170.12 million, simultaneously with a float of $164.11 million. The organization now has a market capitalization sitting at $1.45 billion. At the time of writing, stock’s 50-day Moving Average stood at $11.99, while the 200-day Moving Average is $16.23.
Shoals Technologies Group Inc (SHLS) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Solar industry. Shoals Technologies Group Inc’s current insider ownership accounts for 3.70%, in contrast to 116.14% institutional ownership. According to the most recent insider trade that took place on Mar 08 ’24, this organization’s General Counsel sold 3,160 shares at the rate of 13.04, making the entire transaction reach 41,206 in total value, affecting insider ownership by 105,201. Preceding that transaction, on Mar 08 ’24, Company’s President sold 2,750 for 13.04, making the whole transaction’s value amount to 35,860. This particular insider is now the holder of 96,391 in total.
Shoals Technologies Group Inc (SHLS) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 12/31/2023 suggests? It has posted 0.14 earnings per share (EPS) beating the forecaster’s viewpoint (set at 0.1) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
Shoals Technologies Group Inc’s EPS decrease for this current 12-month fiscal period is -7.23% and is forecasted to reach 0.87 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 14.80% through the next 5 years, which can be compared against the 19.43% growth it accomplished over the previous five years trading on the market.
Shoals Technologies Group Inc (NASDAQ: SHLS) Trading Performance Indicators
Let’s observe the current performance indicators for Shoals Technologies Group Inc (SHLS). It’s Quick Ratio in the last reported quarter now stands at 1.88. The Stock has managed to achieve an average true range (ATR) of 0.55. Alongside those numbers, its PE Ratio stands at $34.25, and its Beta score is 1.86. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.96. Similarly, its price to free cash flow for trailing twelve months is now 17.78.
In the same vein, SHLS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.25, a figure that is expected to reach 0.06 in the next quarter, and analysts are predicting that it will be 0.87 at the market close of one year from today.
Technical Analysis of Shoals Technologies Group Inc (SHLS)
[Shoals Technologies Group Inc, SHLS] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 20.72% While, its Average True Range was 0.51.
Raw Stochastic average of Shoals Technologies Group Inc (SHLS) in the period of the previous 100 days is set at 4.56%, which indicates a major fall in contrast to 15.75% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 41.13% that was lower than 60.67% volatility it exhibited in the past 100-days period.
