At the time of writing, Shoals Technologies Group Inc [SHLS] stock is trading at $5.64, up 3.68%. 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 24.23% over the last week, with a monthly amount glided 12.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Shoals Technologies Group Inc [NASDAQ: SHLS] stock has seen the most recent analyst activity on December 17, 2024, when Morgan Stanley upgraded its rating to a Overweight but kept the price target unchanged to $7 for it. Previously, BofA Securities started tracking the stock with Buy rating on November 25, 2024, and set its price target to $6. On November 13, 2024, TD Cowen reiterated its Buy rating and revised its price target to $11 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $46 on October 14, 2024. Citigroup upgraded its rating to a Neutral and raised its price target to $5.50 on October 03, 2024. Jefferies started tracking with a Hold rating for this stock on September 04, 2024, and assigned it a price target of $5. In a note dated August 07, 2024, Exane BNP Paribas downgraded an Neutral rating on this stock and revised its target price from $15 to $7.
For the past year, the stock price of Shoals Technologies Group Inc fluctuated between $4.07 and $17.50. Currently, Wall Street analysts expect the stock to reach $7.72 within the next 12 months. Shoals Technologies Group Inc [NASDAQ: SHLS] shares were valued at $5.64 at the most recent close of the market. An investor can expect a potential return of 36.88% based on the average SHLS price forecast.
Analyzing the SHLS fundamentals
According to Shoals Technologies Group Inc [NASDAQ:SHLS], the company’s sales were 422.66M for trailing twelve months, which represents an -23.88% plunge. 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 5.45 points at the first support level, and at 5.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.74, and for the 2nd resistance point, it is at 5.84.
Ratios To Look Out For
It is important to note that Shoals Technologies Group Inc [NASDAQ:SHLS] has a current ratio of 2.08. As well, the Quick Ratio is 1.36, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 29.19.
Transactions by insiders
Recent insider trading involved Lund Inez, Chief Accounting Officer, that happened on Dec 05 ’24 when 850.0 shares were sold. President, TOLNAR JEFFERY completed a deal on Dec 05 ’24 to sell 1310.0 shares. Meanwhile, Chief Financial Officer Bardos Dominic sold 4300.0 shares on Dec 05 ’24.
