In today’s recent session, 0.56 million shares of the Shoals Technologies Group Inc (NASDAQ:SHLS) have been traded, and its beta is 1.76. Most recently the company’s share price was $5.50, and it changed around $0.04 or 0.73% from the last close, which brings the market valuation of the company to $937.31M. SHLS at last check was trading at a discount to its 52-week high of $22.89, offering almost -316.18% off that amount. The share price’s 52-week low was $5.27, which indicates that the recent value has risen by an impressive 4.18% since then. We note from Shoals Technologies Group Inc’s average daily trading volume that its 10-day average is 3.8 million shares, with the 3-month average coming to 6.12 million.
Shoals Technologies Group Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SHLS as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Instantly SHLS has been showing a green trend so far today with a performance of 0.73% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.77 on recent trading dayincreased the stock’s daily price by 18.76%. The company’s shares are currently down -64.61% year-to-date, but still down -14.73% over the last five days. On the other hand, Shoals Technologies Group Inc (NASDAQ:SHLS) is -9.54% down in the 30-day period. We can see from the shorts that 25.72 million shares have been sold at a short interest cover period of 4.37 day(s).
The consensus price target as assigned by Wall Street analysts is $28, which translates to bulls needing to increase their stock price by 80.36% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -61.08 percent over the past six months and at a -18.46% annual growth rate that is well below the industry average of -4.70%.
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 -17.04% in 2024, but the outlook is positive 12.20% per year for the next five years.
SHLS Dividends
Shoals Technologies Group Inc’s next quarterly earnings report is expected to be released on 2024-Aug-06.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.80% of Shoals Technologies Group Inc shares, and 123.84% of them are in the hands of institutional investors. The stock currently has a share float of 127.41%. Shoals Technologies Group Inc stock is held by 414.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-03-31, it held 11.5494% of the shares, which is about 19.64 million shares worth $219.61 million.
VANGUARD GROUP INC, with 9.7202% or 16.53 million shares worth $184.82 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
