Shoals Technologies Group Inc (NASDAQ: SHLS) on Monday, plunged -5.44% from the previous trading day, before settling in for the closing price of $4.41. Within the past 52 weeks, SHLS’s price has moved between $4.07 and $17.50.
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Annual sales at Technology sector company grew by 37.02% over the past five years. The company achieved an average annual earnings per share of -45.23%. With a float of $165.11 million, this company’s outstanding shares have now reached $166.70 million.
Let’s look at the performance matrix of the company that is accounted for 1309 employees. 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
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Shoals Technologies Group Inc is 0.95%, while institutional ownership is 104.95%. The most recent insider transaction that took place on Dec 05 ’24, was worth 4,012. In this transaction Chief Accounting Officer of this company sold 850 shares at a rate of $4.72, taking the stock ownership to the 36,825 shares. Before that another transaction happened on Dec 05 ’24, when Company’s President sold 1,310 for $4.65, making the entire transaction worth $6,092. This insider now owns 124,451 shares in total.
Shoals Technologies Group Inc (SHLS) Latest Financial update
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 -45.23% 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
Shoals Technologies Group Inc (SHLS) is currently performing well based on its current performance indicators. A quick ratio of 1.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.64. Likewise, its price to free cash flow for the trailing twelve months is 8.37.
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)
Shoals Technologies Group Inc (NASDAQ: SHLS) saw its 5-day average volume 4.08 million, a negative change from its year-to-date volume of 4.96 million. As of the previous 9 days, the stock’s Stochastic %D was 5.36%. Additionally, its Average True Range was 0.32.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 3.41%, which indicates a significant increase from 2.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.73% in the past 14 days, which was lower than the 72.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.03, while its 200-day Moving Average is $6.95. Nevertheless, the first resistance level for the watch stands at $4.33 in the near term. At $4.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.58. If the price goes on to break the first support level at $4.08, it is likely to go to the next support level at $3.98. The third support level lies at $3.83 if the price breaches the second support level.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
Market capitalization of the company is 695.14 million based on 166,699K outstanding shares. Right now, sales total 488,940 K and income totals 39,970 K. The company made 102,170 K in profit during its latest quarter, and -270 K in sales during its previous quarter.
