A new trading day began on Monday, with Shoals Technologies Group Inc (NASDAQ: SHLS) stock price down -3.77% from the previous day of trading, before settling in for the closing price of $5.83. SHLS’s price has ranged from $4.88 to $19.76 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 37.02%. Meanwhile, its annual earnings per share averaged -41.95%. With a float of $161.35 million, this company’s outstanding shares have now reached $170.12 million.
The extent of productivity of a business whose workforce counts for 1309 workers is very important to gauge.
Shoals Technologies Group Inc (SHLS) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Shoals Technologies Group Inc is 3.18%, while institutional ownership is 113.72%. The most recent insider transaction that took place on Sep 16 ’24, was worth 13,377. In this transaction President of this company sold 2,110 shares at a rate of $6.34, taking the stock ownership to the 125,761 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Chief Accounting Officer sold 350 for $6.33, making the entire transaction worth $2,216. This insider now owns 37,675 shares in total.
Shoals Technologies Group Inc (SHLS) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -41.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.20% during the next five years compared to 19.43% growth over the previous five years of trading.
Shoals Technologies Group Inc (NASDAQ: SHLS) Trading Performance Indicators
Here are Shoals Technologies Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.06. Likewise, its price to free cash flow for the trailing twelve months is 9.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.48 in one year’s time.
Technical Analysis of Shoals Technologies Group Inc (SHLS)
The latest stats from [Shoals Technologies Group Inc, SHLS] show that its last 5-days average volume of 4.25 million was inferior to 5.02 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.09%. Additionally, its Average True Range was 0.41.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 20.05%, which indicates a significant increase from 4.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.72% in the past 14 days, which was lower than the 71.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.86, while its 200-day Moving Average is $9.56. Now, the first resistance to watch is $5.79. This is followed by the second major resistance level at $5.96. The third major resistance level sits at $6.08. If the price goes on to break the first support level at $5.50, it is likely to go to the next support level at $5.38. Assuming the price breaks the second support level, the third support level stands at $5.21.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
With a market capitalization of 934.91 million, the company has a total of 170,420K Shares Outstanding. Currently, annual sales are 488,940 K while annual income is 39,970 K. The company’s previous quarter sales were 99,250 K while its latest quarter income was 11,800 K.
