Shoals Technologies Group Inc [SHLS] stock prices are down -0.76% to $5.22 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SHLS shares have gain 18.64% over the last week, with a monthly amount drifted -0.95%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Shoals Technologies Group Inc [NASDAQ: SHLS] stock has seen the most recent analyst activity on November 25, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $6. Previously, TD Cowen reaffirmed its Buy rating on November 13, 2024, and elevated its price target to $11. On October 14, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $46 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $5.50 on October 03, 2024. Jefferies initiated its recommendation with a Hold and recommended $5 as its price target on September 04, 2024. Exane BNP Paribas downgraded its rating to Neutral for this stock on August 07, 2024, and downed its price target to $7. In a note dated July 02, 2024, Citigroup downgraded an Sell rating on this stock and revised its target price from $15 to $5.
The stock price of Shoals Technologies Group Inc [SHLS] has been fluctuating between $4.07 and $17.50 over the past year. Currently, Wall Street analysts expect the stock to reach $14.81 within the next 12 months. Shoals Technologies Group Inc [NASDAQ: SHLS] shares were valued at $5.22 at the most recent close of the market. An investor can expect a potential return of 183.72% based on the average SHLS price forecast.
Analyzing the SHLS fundamentals
The Shoals Technologies Group Inc [NASDAQ:SHLS] reported sales of 422.66M for trailing twelve months, representing a drop of -23.88%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 5.03 points at the first support level, and at 4.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.38, and for the 2nd resistance point, it is at 5.54.
Ratios To Look Out For
It’s worth pointing out that Shoals Technologies Group Inc [NASDAQ:SHLS]’s Current Ratio is 2.08. On the other hand, the Quick Ratio is 1.36, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 27.02.
Transactions by insiders
Recent insider trading involved Bardos Dominic, Chief Financial Officer, that happened on Nov 22 ’24 when 15000.0 shares were purchased. Chief Executive Officer, MOSS BRANDON completed a deal on Nov 21 ’24 to buy 22300.0 shares. Meanwhile, President TOLNAR JEFFERY sold 2110.0 shares on Sep 16 ’24.
