In the latest trading session, 4.39 million Shoals Technologies Group Inc (NASDAQ:SHLS) shares changed hands as the company’s beta touched 1.62. With the company’s most recent per share price at $4.28 changed hands at -$0.2 or -4.58% at last look, the market valuation stands at $712.64M. SHLS’s current price is a discount, trading about -278.27% off its 52-week high of $16.19. The share price had its 52-week low at $3.83, which suggests the last value was 10.51% up since then.
Analysts gave the Shoals Technologies Group Inc (SHLS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SHLS as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Instantly SHLS was in red as seen in intraday trades today. With action 4.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.69%, with the 5-day performance at 4.78% in the green. However, in the 30-day time frame, Shoals Technologies Group Inc (NASDAQ:SHLS) is -9.62% down.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 46.5% from its recent market value. According to analyst projections, SHLS’s forecast low is 5 with 12 as the target high. To hit the forecast high, the stock’s price needs a -180.37% plunge from its current level, while the stock would need to soar -16.82% for it to hit the projected low.
Shoals Technologies Group Inc (SHLS) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.43%. The 2025 estimates are for Shoals Technologies Group Inc earnings to increase by 20.89%, but the outlook for the next 5-year period is at 15.21% per year.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.6926% or 16.48 million shares worth $102.81 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund. With 6.93 shares estimated at $28.79 million under it, the former controlled 4.16% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.23% of the shares, roughly 5.39 shares worth around $22.4 million.
