Shoals Technologies Group Inc (NASDAQ: SHLS) Has Succeeded In Gaining Momentum In 2024, The Stock Is Down -56.11% YTD

Shoals Technologies Group Inc (NASDAQ:SHLS)’s traded shares stood at 0.75 million during the latest session, with the company’s beta value hitting 1.76. At the last check today, the stock’s price was $6.82, to imply a decrease of -0.87% or -$0.06 in intraday trading. The SHLS share’s 52-week high remains $28.34, putting it -315.54% down since that peak but still an impressive 7.92% since price per share fell to its 52-week low of $6.28. The company has a valuation of $1.16B, with an average of 5.48 million shares over the past 3 months.

Shoals Technologies Group Inc (NASDAQ:SHLS) trade information

After registering a -0.87% downside in the latest session, Shoals Technologies Group Inc (SHLS) has traded red over the past five days. The stock hit a weekly high of 7.11, dropping -0.87% in its intraday price action. The 5-day price performance for the stock is -3.54%, and 3.33% over 30 days. With these gigs, the year-to-date price performance is -56.11%.

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Shoals Technologies Group Inc (SHLS) estimates and forecasts

Looking at statistics comparing Shoals Technologies Group Inc share performance against respective industry, we note that the company has underperformed competitors. Shoals Technologies Group Inc (SHLS) shares are -56.70% down over the last 6 months, with its year-to-date growth rate lower than industry average at -18.46% against -2.80%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 19.43% for the past 5-year period. While 2024 is set for a -17.19% return in earnings, projections for the next 5 years are at 12.80% annually.

SHLS Dividends

Shoals Technologies Group Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Shoals Technologies Group Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.