In today’s recent session, 0.49 million shares of the Shoals Technologies Group Inc (NASDAQ:SHLS) have been traded, and its beta is 1.87. Most recently the company’s share price was $8.14, and it changed around -$0.15 or -1.78% from the last close, which brings the market valuation of the company to $1.39B. SHLS at last check was trading at a discount to its 52-week high of $28.34, offering almost -248.16% off that amount. The share price’s 52-week low was $8.06, which indicates that the recent value has risen by an impressive 0.98% since then. We note from Shoals Technologies Group Inc’s average daily trading volume that its 3-month average coming to 4.05 million.
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Instantly SHLS has been showing red trend so far today with a performance of -1.78% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -47.61% year-to-date, but still down -6.63% over the last five days. On the other hand, Shoals Technologies Group Inc (NASDAQ:SHLS) is -35.94% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $26.13, which translates to bulls needing to increase their stock price by 68.85% from its current value. Analyst projections state that SHLS is forecast to be at a low of $14 and a high of $37.
Shoals Technologies Group Inc (SHLS) estimates and forecasts
Shoals Technologies Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -46.43 percent over the past six months and at a -7.69% annual growth rate that is well above the industry average of -9.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.43%. Shoals Technologies Group Inc earnings are expected to increase by -7.20% in 2024, but the outlook is positive 14.80% per year for the next five years.
