At the time of writing, Shoals Technologies Group Inc [SHLS] stock is trading at $5.12, down -2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The SHLS shares have gain 4.07% over the last week, with a monthly amount drifted -18.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Shoals Technologies Group Inc [NASDAQ: SHLS] stock has seen the most recent analyst activity on October 14, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $46. Previously, Citigroup upgraded its rating to Neutral on October 03, 2024, and elevated its price target to $5.50. On September 04, 2024, Jefferies initiated with a Hold rating and assigned a price target of $5 on the stock. Exane BNP Paribas downgraded its rating to a Neutral and decreased its price target to $7 on August 07, 2024. Citigroup downgraded its rating to a Sell and reduced its price target to $5 on July 02, 2024. TD Cowen reiterated a Buy rating for this stock on May 08, 2024, and downed its price target to $11. In a note dated May 08, 2024, ROTH MKM downgraded an Neutral rating on this stock and revised its target price from $15 to $8.
For the past year, the stock price of Shoals Technologies Group Inc fluctuated between $4.85 and $17.50. Currently, Wall Street analysts expect the stock to reach $18.41 within the next 12 months. Shoals Technologies Group Inc [NASDAQ: SHLS] shares were valued at $5.12 at the most recent close of the market. An investor can expect a potential return of 259.57% based on the average SHLS price forecast.
Analyzing the SHLS fundamentals
According to Shoals Technologies Group Inc [NASDAQ:SHLS], the company’s sales were 454.70M for trailing twelve months, which represents an -16.74% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 5.04 points at the first support level, and at 4.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.23, and for the 2nd resistance point, it is at 5.35.
Ratios To Look Out For
It is important to note that Shoals Technologies Group Inc [NASDAQ:SHLS] has a current ratio of 2.26. On the other hand, the Quick Ratio is 1.50, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 37.40.
Transactions by insiders
Recent insider trading involved TOLNAR JEFFERY, President, that happened on Sep 16 ’24 when 2110.0 shares were sold. Chief Accounting Officer, Lund Inez completed a deal on Sep 16 ’24 to sell 350.0 shares. Meanwhile, President Jeffrey Tolnar bought 2110.0 shares on Sep 16 ’24.
