Shoals Technologies Group Inc (SHLS) went down -0.18% yesterday: Is this the Most Sought-After Stock Today?

Shoals Technologies Group Inc (NASDAQ: SHLS) flaunted slowness of -0.18% at $5.45, before settling in for the price of $5.46 at the close. Taking a more long-term approach, SHLS posted a 52-week range of $4.88-$22.40.

The Technology sector firm’s twelve-monthly sales growth has been 37.02% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 19.43%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -40.07%. This publicly-traded company’s shares outstanding now amounts to $170.12 million, simultaneously with a float of $161.46 million. The organization now has a market capitalization sitting at $908.24 million. At the time of writing, stock’s 50-day Moving Average stood at $6.37, while the 200-day Moving Average is $10.95.

Shoals Technologies Group Inc (SHLS) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Shoals Technologies Group Inc industry. Shoals Technologies Group Inc’s current insider ownership accounts for 3.11%, in contrast to 117.11% 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 Chief Accounting Officer sold 1,940 for 13.05, making the whole transaction’s value amount to 25,317. This particular insider is now the holder of 21,577 in total.

Shoals Technologies Group Inc (SHLS) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.

Shoals Technologies Group Inc’s EPS decrease for this current 12-month fiscal period is -40.07% and is forecasted to reach 0.55 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 12.20% 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 1.50. The Stock has managed to achieve an average true range (ATR) of 0.43. Alongside those numbers, its PE Ratio stands at $39.81, and its Beta score is 1.78. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.00. Similarly, its price to free cash flow for trailing twelve months is now 9.65.

In the same vein, SHLS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.14, a figure that is expected to reach 0.11 in the next quarter, and analysts are predicting that it will be 0.55 at the market close of one year from today.

Technical Analysis of Shoals Technologies Group Inc (SHLS)

Now, what If we examine the latest scores posted by [Shoals Technologies Group Inc, SHLS]. During the last 5-days, its volume was better the volume of 4.95 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 26.44% While, its Average True Range was 0.43.

Raw Stochastic average of Shoals Technologies Group Inc (SHLS) in the period of the previous 100 days is set at 7.26%, which indicates a major fall in contrast to 27.67% 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 56.68% that was lower than 62.89% volatility it exhibited in the past 100-days period.