This is What Makes Shoals Technologies Group Inc. Stocks A Gamechanger?

At the time of writing, Shoals Technologies Group Inc. [SHLS] stock is trading at $29.09, down -0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SHLS shares have gain 3.74% over the last week, with a monthly amount glided 12.66%, and seem to be holding up well over a long-time horizon.

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On 15, December 2022, Shoals Technologies Group, Inc. Releases Inaugural Environmental, Social and Governance (ESG) Report. In a post published today on Yahoo Finance, – Inaugural report highlights company’s accomplishments and approach to ESG strategy –.

From an analyst’s perspective:

Shoals Technologies Group Inc. [NASDAQ: SHLS] stock has seen the most recent analyst activity on November 15, 2022, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $30 for it. Previously, Cowen upgraded its rating to Outperform on September 16, 2022, and elevated its price target to $37.50. On September 09, 2022, downgrade downgraded it’s rating to Neutral. Goldman downgraded its rating to a Sell and decreased its price target to $21 on September 08, 2022. Barclays initiated its recommendation with a Equal Weight and recommended $24 as its price target on August 05, 2022. Northland Capital downgraded its rating to Market Perform for this stock on July 19, 2022. In a note dated June 09, 2022, Truist upgraded an Buy rating on this stock and boosted its target price from $16 to $25.

For the past year, the stock price of Shoals Technologies Group Inc. fluctuated between $9.58 and $32.43. Shoals Technologies Group Inc. [NASDAQ: SHLS] shares were valued at $29.09 at the most recent close of the market.

Analyzing the SHLS fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.27 points at the first support level, and at 27.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.01, and for the 2nd resistance point, it is at 30.92.

Shoals Technologies Group Inc. [SHLS] reported earnings per share of $0.07 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.08 per share as compared to estimates of $0.07 per share, a difference of $0.01 representing a surprise of 14.30%.

Ratios To Look Out For

It is important to note that Shoals Technologies Group Inc. [NASDAQ:SHLS] has a current ratio of 2.60.

Transactions by insiders

Insider trading has also been a hot topic recently, with 3 insiders purchasing 21,896,062 shares and 11 selling 49,909,142 shares in the past 3 months. Recent insider trading involved Whitaker Jason R, Chief Executive Officer, that happened on Jan 18 when 12032.0 shares were sold. Chief Executive Officer, Whitaker Jason R completed a deal on Jan 17 to sell 12054.0 shares. Meanwhile, Chief Executive Officer Whitaker Jason R sold 8333.0 shares on Dec 14.