Shoals Technologies Group Inc [SHLS] stock is trading at $3.25, down -0.31%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SHLS shares have gain 14.64% over the last week, with a monthly amount drifted -19.55%, and not 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.
Shoals Technologies Group Inc [SHLS] stock has fluctuated between $2.71 and $12.98 over the past year. Currently, Wall Street analysts expect the stock to reach $6.9 within the next 12 months. Shoals Technologies Group Inc [NASDAQ: SHLS] shares were valued at $3.25 at the most recent close of the market. An investor can expect a potential return of 112.31% based on the average SHLS price forecast.
Analyzing the SHLS fundamentals
Shoals Technologies Group Inc [NASDAQ:SHLS] reported sales of 399.21M for the trailing twelve months, which represents a drop of -17.98%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 3.17 points at the first support level, and at 3.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.36, and for the 2nd resistance point, it is at 3.46.
Ratios To Look Out For
For context, Shoals Technologies Group Inc’s Current Ratio is 2.33. Also, the Quick Ratio is 1.64, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.36, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 22.79.
Transactions by insiders
Recent insider trading involved Bardos Dominic, Chief Financial Officer, that happened on Mar 12 ’25 when 35000.0 shares were purchased. Chief Accounting Officer, Lund Inez completed a deal on Mar 10 ’25 to sell 1900.0 shares. Meanwhile, President TOLNAR JEFFERY sold 2700.0 shares on Mar 10 ’25.
