In last trading session, Shoals Technologies Group Inc (NASDAQ:SHLS) saw 4.13 million shares changing hands with its beta currently measuring 1.58. Company’s recent per share price level of $5.7 trading at -$0.11 or -1.89% at ring of the bell on the day assigns it a market valuation of $952.90M. That closing price of SHLS’s stock is at a discount of -23.33% from its 52-week high price of $7.03 and is indicating a premium of 52.46% 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 7.11 million shares which gives us an average trading volume of 6.76 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 1.90. 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 -16.18% in year-to-date performance and have moved -1.38% in past 5-day. Shoals Technologies Group Inc (NASDAQ:SHLS) showed a performance of 6.74% in past 30-days. Number of shares sold short was 21.68 million shares which calculate 3.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.2 to the stock, which implies a rise of 20.83% to its current value. Analysts have been projecting 7.2 as a low price target for the stock while placing it at a high target of 7.2. It follows that stock’s current price would drop -26.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -26.32% 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 8.04% while estimates for its earnings growth in next 5 years are of 17.93%.
Shoals Technologies Group Inc (NASDAQ:SHLS)’s Major holders
Insiders are in possession of 0.93% of company’s total shares while institution are holding 117.12 percent of that, with stock having share float percentage of 118.22%. Investors also watch the number of corporate investors in a company very closely, which is 117.12% 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.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 5.36 shares of worth $30.57 million or 3.21% of the total outstanding shares. The later fund manager was in possession of 4.17 shares on May 31, 2025 , making its stake of worth around $23.77 million in the company or a holder of 2.49% of company’s stock.
