On Friday, Shoals Technologies Group Inc (NASDAQ: SHLS) opened higher 13.07% from the last session, before settling in for the closing price of $4.59. Price fluctuations for SHLS have ranged from $2.71 to $7.00 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -12.58% annually for the last half of the decade. Company’s average yearly earnings per share was noted 15.34% at the time writing. With a float of $164.32 million, this company’s outstanding shares have now reached $167.35 million.
In an organization with 1290 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 33.7%, operating margin of 10.32%, and the pretax margin is 8.52%.
Shoals Technologies Group Inc (SHLS) Insider Updates
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Shoals Technologies Group Inc is 1.82%, while institutional ownership is 118.20%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.08 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.1) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.34% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.65% 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
Check out the current performance indicators for Shoals Technologies Group Inc (SHLS). In the past quarter, the stock posted a quick ratio of 1.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17. Likewise, its price to free cash flow for the trailing twelve months is 71.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.13, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.48 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 7.22 million. That was better than the volume of 6.41 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 33.09%.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 64.21%, which indicates a significant increase from 52.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.42 in the past 14 days, which was higher than the 0.35 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.28, while its 200-day Moving Average is $4.63. However, in the short run, Shoals Technologies Group Inc’s stock first resistance to watch stands at $5.52. Second resistance stands at $5.84. The third major resistance level sits at $6.31. If the price goes on to break the first support level at $4.72, it is likely to go to the next support level at $4.25. Assuming the price breaks the second support level, the third support level stands at $3.92.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
There are currently 167,175K shares outstanding in the company with a market cap of 868.61 million. Presently, the company’s annual sales total 399,210 K according to its annual income of 24,130 K. Last quarter, the company’s sales amounted to 110,840 K and its income totaled 13,860 K.
