Shoals Technologies Group Inc (NASDAQ: SHLS) kicked off on Monday, down -1.15% 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 $4.07-$17.50.
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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%. While this was happening, its average annual earnings per share was recorded -46.20%. With a float of $165.10 million, this company’s outstanding shares have now reached $166.70 million.
The extent of productivity of a business whose workforce counts for 1309 workers is very important to gauge. 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 Updates
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 0.96%, while institutional ownership is 104.91%. The most recent insider transaction that took place on Nov 22 ’24, was worth 70,650. In this transaction Chief Financial Officer of this company bought 15,000 shares at a rate of $4.71, taking the stock ownership to the 240,409 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Chief Executive Officer bought 22,300 for $4.55, making the entire transaction worth $101,465. This insider now owns 593,700 shares in total.
Shoals Technologies Group Inc (SHLS) Performance Highlights and Predictions
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 9.50% 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 2.02. Likewise, its price to free cash flow for the trailing twelve months is 10.28.
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 0.43 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 4.77 million was inferior to 5.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 89.26%. Additionally, its Average True Range was 0.39.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 36.21%, which indicates a significant decrease from 69.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.95% in the past 14 days, which was higher than the 72.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.24, while its 200-day Moving Average is $7.46. Now, the first resistance to watch is $5.34. This is followed by the second major resistance level at $5.52. The third major resistance level sits at $5.63. If the price goes on to break the first support level at $5.04, it is likely to go to the next support level at $4.93. Assuming the price breaks the second support level, the third support level stands at $4.75.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
The company with the Market Capitalisation of 853.63 million has total of 166,699K 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 102,170 K and last quarter income was -270 K.
