A new trading day began on Tuesday, with Shoals Technologies Group Inc (NASDAQ: SHLS) stock price down -4.90% from the previous day of trading, before settling in for the closing price of $9.39. SHLS’s price has ranged from $2.71 to $11.36 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales slided by -12.58%. Meanwhile, its annual earnings per share averaged 11.97%. With a float of $164.35 million, this company’s outstanding shares have now reached $167.39 million.
Shoals Technologies Group Inc (SHLS) Insider Updates
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 1.81%, while institutional ownership is 106.60%. 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
In its latest quarterly report, released on 12/31/2024, 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 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.29% 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 1.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 193.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.20, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.49 in one year’s time.
Technical Analysis of Shoals Technologies Group Inc (SHLS)
The latest stats from [Shoals Technologies Group Inc, SHLS] show that its last 5-days average volume of 6.3 million was inferior to 6.43 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 21.77%.
During the past 100 days, Shoals Technologies Group Inc’s (SHLS) raw stochastic average was set at 67.03%, which indicates a significant increase from 14.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.70 in the past 14 days, which was higher than the 0.52 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.67, while its 200-day Moving Average is $5.59. Now, the first resistance to watch is $9.38. This is followed by the second major resistance level at $9.82. The third major resistance level sits at $10.26. If the price goes on to break the first support level at $8.50, it is likely to go to the next support level at $8.06. Assuming the price breaks the second support level, the third support level stands at $7.62.
Shoals Technologies Group Inc (NASDAQ: SHLS) Key Stats
With a market capitalization of 1.49 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 135,800 K while its latest quarter income was 11,880 K.
