A new trading day began on Tuesday, with Shoals Technologies Group Inc (NASDAQ: SHLS) stock price up 3.23% from the previous day of trading, before settling in for the closing price of $6.51. SHLS’s price has ranged from $2.71 to $7.13 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -12.58%. Meanwhile, its annual earnings per share averaged 15.61%. With a float of $164.32 million, this company’s outstanding shares have now reached $167.35 million.
Shoals Technologies Group Inc (SHLS) Breakdown of a Key Holders of the stock
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 1.82%, while institutional ownership is 112.74%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.08 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 15.61% 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
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 2.81. Likewise, its price to free cash flow for the trailing twelve months is 93.03.
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)
Looking closely at Shoals Technologies Group Inc (NASDAQ: SHLS), its last 5-days average volume was 4.47 million, which is a drop from its year-to-date volume of 6.32 million. As of the previous 9 days, the stock’s Stochastic %D was 60.99%.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 90.26%, which indicates a significant increase from 84.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.46 in the past 14 days, which was higher than the 0.37 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.56, while its 200-day Moving Average is $4.67. However, in the short run, Shoals Technologies Group Inc’s stock first resistance to watch stands at $6.88. Second resistance stands at $7.05. The third major resistance level sits at $7.36. If the price goes on to break the first support level at $6.40, it is likely to go to the next support level at $6.09. Now, if the price goes above the second support level, the third support stands at $5.92.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
With a market capitalization of 1.12 billion, the company has a total of 167,363K Shares Outstanding. Currently, annual sales are 399,210 K while annual income is 24,130 K. The company’s previous quarter sales were 110,840 K while its latest quarter income was 13,860 K.
