During the last session, Shoals Technologies Group Inc (NASDAQ:SHLS)’s traded shares were 2.63 million, with the beta value of the company hitting 1.85. At the end of the trading day, the stock’s price was $8.26, reflecting an intraday loss of -2.71% or -$0.23. The 52-week high for the SHLS share is $28.34, that puts it down -243.1 from that peak though still a striking 2.42% gain since the share price plummeted to a 52-week low of $8.06. The company’s market capitalization is $1.41B, and the average trade volume was 4.03 million shares over the past three months.
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Shoals Technologies Group Inc (SHLS) registered a -2.71% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.71% in intraday trading to $8.26, hitting a weekly high. The stock’s 5-day price performance is 0.61%, and it has moved by -25.85% in 30 days. Based on these gigs, the overall price performance for the year is -61.72%.
Shoals Technologies Group Inc (SHLS) estimates and forecasts
Statistics show that Shoals Technologies Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. Shoals Technologies Group Inc (SHLS) shares have gone down -47.09% during the last six months, with a year-to-date growth rate more than the industry average at -7.69% against -10.00. In the rating firms’ projections, revenue will increase 3.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 97.4M as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 112.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 105.09M and 115.39M respectively. In this case, analysts expect current quarter sales to shrink by -7.30% and then drop by -2.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.43%. While earnings are projected to return -7.23% in 2024, the next five years will return 14.80% per annum.
SHLS Dividends
Shoals Technologies Group Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
