Shoals Technologies Group Inc (NASDAQ: SHLS) kicked off on Friday, down -12.64% from the previous trading day, before settling in for the closing price of $5.22. Over the past 52 weeks, SHLS has traded in a range of $4.64-$17.50.
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A company in the Technology sector has jumped its sales by 37.02% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -46.20%. With a float of $164.99 million, this company’s outstanding shares have now reached $170.12 million.
In an organization with 1309 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 36.14%, operating margin of 15.75%, and the pretax margin is 11.91%.
Shoals Technologies Group Inc (SHLS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of Shoals Technologies Group Inc is 0.93%, while institutional ownership is 104.74%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.12 earnings per share (EPS), lower than consensus estimate (set at 0.17) by -0.05. 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 -46.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.50% 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
Take a look at Shoals Technologies Group Inc’s (SHLS) current performance indicators. Last quarter, stock had a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.57. Likewise, its price to free cash flow for the trailing twelve months is 8.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.19, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.44 in one year’s time.
Technical Analysis of Shoals Technologies Group Inc (SHLS)
Let’s dig in a bit further. During the last 5-days, its volume was 7.78 million. That was better than the volume of 4.99 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.02%. Additionally, its Average True Range was 0.44.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 1.18%, which indicates a significant decrease from 1.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.45% in the past 14 days, which was higher than the 69.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.54, while its 200-day Moving Average is $8.00. However, in the short run, Shoals Technologies Group Inc’s stock first resistance to watch stands at $5.07. Second resistance stands at $5.58. The third major resistance level sits at $5.85. If the price goes on to break the first support level at $4.29, it is likely to go to the next support level at $4.02. The third support level lies at $3.51 if the price breaches the second support level.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
The company with the Market Capitalisation of 664.04 million has total of 166,646K Shares Outstanding. Its annual sales at the moment are 488,940 K in contrast with the sum of 39,970 K annual income. Company’s last quarter sales were recorded 99,250 K and last quarter income was 11,800 K.
