A new trading day began on Monday, with Shoals Technologies Group Inc (NASDAQ: SHLS) stock price down -2.35% from the previous day of trading, before settling in for the closing price of $3.41. SHLS’s price has ranged from $2.71 to $9.70 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 25.50% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 10.05%. With a float of $164.78 million, this company’s outstanding shares have now reached $166.76 million.
In an organization with 1290 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 35.0%, operating margin of 12.82%, and the pretax margin is 9.48%.
Shoals Technologies Group Inc (SHLS) Insider and Institutional Ownership
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 1.43%, while institutional ownership is 111.02%. The most recent insider transaction that took place on Mar 12 ’25, was worth 98,000. In this transaction Chief Financial Officer of this company bought 35,000 shares at a rate of $2.80, taking the stock ownership to the 418,217 shares. Before that another transaction happened on Mar 10 ’25, when Company’s Chief Accounting Officer sold 1,900 for $2.92, making the entire transaction worth $5,548. This insider now owns 61,134 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 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.11% during the next five years compared to -12.58% drop 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 1.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 7.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.47 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 6.51 million. That was inferior than the volume of 6.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.82%. Additionally, its Average True Range was 0.33.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 16.80%, which indicates a significant decrease from 49.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.99% in the past 14 days, which was higher than the 87.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.59, while its 200-day Moving Average is $5.01. However, in the short run, Shoals Technologies Group Inc’s stock first resistance to watch stands at $3.50. Second resistance stands at $3.67. The third major resistance level sits at $3.88. If the price goes on to break the first support level at $3.12, it is likely to go to the next support level at $2.91. The third support level lies at $2.74 if the price breaches the second support level.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
With a market capitalization of 556.64 million, the company has a total of 166,995K Shares Outstanding. Currently, annual sales are 399,210 K while annual income is 24,130 K. The company’s previous quarter sales were 106,990 K while its latest quarter income was 7,820 K.
