During the last session, Shoals Technologies Group Inc (NASDAQ:SHLS)’s traded shares were 3.58 million, with the beta value of the company hitting 1.56. At the end of the trading day, the stock’s price was $5.74, reflecting an intraday gain of 0.52% or $0.02. The 52-week high for the SHLS share is $7.08, that puts it down -23.34 from that peak though still a striking 52.79% gain since the share price plummeted to a 52-week low of $2.71. The company’s market capitalization is $960.42M, and the average intraday trading volume over the past 10 days was 7.52 million shares, and the average trade volume was 6.91 million shares over the past three months.
Shoals Technologies Group Inc (SHLS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.81. SHLS has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it.
Shoals Technologies Group Inc (NASDAQ:SHLS) trade information
Shoals Technologies Group Inc (SHLS) registered a 0.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.52% in intraday trading to $5.74, hitting a weekly high. The stock’s 5-day price performance is 9.12%, and it has moved by 11.34% in 30 days. Based on these gigs, the overall price performance for the year is 3.89%. The short interest in Shoals Technologies Group Inc (NASDAQ:SHLS) is 21.68 million shares and it means that shorts have 3.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.2, which implies an increase of 20.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.2 and $7.2 respectively. As a result, SHLS is trading at a discount of -25.44% off the target high and -25.44% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.58%. While earnings are projected to return 7.56% in 2025, the next five years will return 16.73% per annum.
SHLS Dividends
Shoals Technologies Group Inc is due to release its next quarterly earnings on 2025-May-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
Shoals Technologies Group Inc insiders own 0.93% of total outstanding shares while institutional holders control 117.12%, with the float percentage being 118.22%. BLACKROCK INC. is the largest shareholder of the company, while 318.0 institutions own stock in it. As of 2024-06-30, the company held over 23.13 million shares (or 13.6045% of all shares), a total value of $144.31 million in shares.
The next largest institutional holding, with 16.48 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6926% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $102.81 million.
Also, the Mutual Funds coming in first place with the largest holdings of Shoals Technologies Group Inc (SHLS) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF . Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 5.36 shares. This amounts to just over 3.21 percent of the company’s overall shares, with a $30.82 million market value. The same data shows that the other fund manager holds slightly less at 4.69, or about 2.80% of the stock, which is worth about $26.92 million.
