On Monday, Shoals Technologies Group Inc (NASDAQ: SHLS) was -5.02% drop from the session before settling in for the closing price of $4.78. A 52-week range for SHLS has been $4.07 – $17.50.
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Annual sales at Technology sector company grew by 36.46% over the past five years. When this article was written, the company’s average yearly earnings per share was at -45.16%. 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 Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Shoals Technologies Group Inc stocks. The insider ownership of Shoals Technologies Group Inc is 0.95%, while institutional ownership is 105.44%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -45.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.36% 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
You can see what Shoals Technologies Group Inc (SHLS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 9.11.
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 6.38 million, a negative change from its year-to-date volume of 7.11 million. As of the previous 9 days, the stock’s Stochastic %D was 67.19%. Additionally, its Average True Range was 0.35.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 17.60%, which indicates a significant increase from 16.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.90% in the past 14 days, which was higher than the 84.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.98, while its 200-day Moving Average is $5.98. Nevertheless, the first resistance level for the watch stands at $4.73 in the near term. At $4.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.01. If the price goes on to break the first support level at $4.44, it is likely to go to the next support level at $4.34. Assuming the price breaks the second support level, the third support level stands at $4.16.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
There are 166,699K outstanding shares of the company, which has a market capitalization of 756.81 million. As of now, sales total 488,940 K while income totals 39,970 K. Its latest quarter income was 102,170 K while its last quarter net income were -270 K.
