In last trading session, Shoals Technologies Group Inc (NASDAQ:SHLS) saw 3.98 million shares changing hands with its beta currently measuring 1.74. Company’s recent per share price level of $5.82 trading at $0.05 or 0.87% at ring of the bell on the day assigns it a market valuation of $969.88M. That closing price of SHLS’s stock is at a discount of -200.69% from its 52-week high price of $17.50 and is indicating a premium of 16.67% from its 52-week low price of $4.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.36 million shares which gives us an average trading volume of 5.20 million if we extend that period to 3-months.
For Shoals Technologies Group Inc (SHLS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.86. Splitting up the data highlights that, out of 9 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.
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Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Upright in the green during last session for gaining 0.87%, in the last five days SHLS remained trading in the green while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $5.82 price level, adding 5.83% to its value on the day. Shoals Technologies Group Inc’s shares saw a change of -62.55% in year-to-date performance and have moved 7.58% in past 5-day. Shoals Technologies Group Inc (NASDAQ:SHLS) showed a performance of 10.86% in past 30-days. Number of shares sold short was 16.71 million shares which calculate 3.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 47.09% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 37. It follows that stock’s current price would jump 14.09% in reaching the projected high whereas dropping to the targeted low would mean a gain of 14.09% for stock’s current value.
Shoals Technologies Group Inc (SHLS) estimates and forecasts
Statistics highlight that Shoals Technologies Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -24.17% of value to its shares in past 6 months, showing an annual growth rate of -43.08% while that of industry is -18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -21.50% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 98.7M for the same. And 18 analysts are in estimates of company making revenue of 94.65M in the next quarter. Company posted 134.21M and 130.44M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.43% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -43.60% while estimates for its earnings growth in next 5 years are of 17.00%.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
Insiders are in possession of 3.07% of company’s total shares while institution are holding 123.35 percent of that, with stock having share float percentage of 127.25%. Investors also watch the number of corporate investors in a company very closely, which is 123.35% institutions for Shoals Technologies Group Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SHLS for having 23.13 million shares of worth $144.31 million. And as of 2024-06-30, it was holding 13.6045 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 16.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6926 of outstanding shares, having a total worth of $102.81 million.
