Shoals Technologies Group Inc [SHLS] stock prices are down -1.53% to $4.52 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 11.88% over the last week, with a monthly amount glided 5.36%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Morgan Stanley upgraded its rating to Overweight on December 17, 2024, and kept the price target unchanged to $7. On November 25, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $6 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $11 on November 13, 2024. Wells Fargo initiated its recommendation with a Equal Weight and recommended $46 as its price target on October 14, 2024. Citigroup upgraded its rating to Neutral for this stock on October 03, 2024, and upped its price target to $5.50. In a note dated September 04, 2024, Jefferies initiated an Hold rating and provided a target price of $5 on this stock.
The stock price of Shoals Technologies Group Inc [SHLS] has been fluctuating between $3.83 and $16.19 over the past year. 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 $4.52 at the most recent close of the market. An investor can expect a potential return of 70.8% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 4.38 points at the first support level, and at 4.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.72, and for the 2nd resistance point, it is at 4.93.
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 1.78, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 23.40.
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.
