In last trading session, Shoals Technologies Group Inc (NASDAQ:SHLS) saw 2.71 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $3.26 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $544.94M. That closing price of SHLS’s stock is at a discount of -244.79% from its 52-week high price of $11.24 and is indicating a premium of 16.87% from its 52-week low price of $2.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.71 million shares which gives us an average trading volume of 6.53 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 1.70. 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.
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Shoals Technologies Group Inc’s shares saw a change of -41.05% in year-to-date performance and have moved -4.12% in past 5-day. Shoals Technologies Group Inc (NASDAQ:SHLS) showed a performance of 8.67% in past 30-days. Number of shares sold short was 15.35 million shares which calculate 2.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 53.43% 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 9. It follows that stock’s current price would drop -53.37% in reaching the projected high whereas dropping to the targeted low would mean a loss of -53.37% for stock’s current value.
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 -12.58% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 11.12% while estimates for its earnings growth in next 5 years are of 16.47%.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
Insiders are in possession of 1.31% of company’s total shares while institution are holding 111.59 percent of that, with stock having share float percentage of 113.08%. Investors also watch the number of corporate investors in a company very closely, which is 111.59% 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.
