Shoals Technologies Group Inc (NASDAQ:SHLS) price is hovering lower on Monday, April 15, dropping -2.82% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $9.17. The company’s P/E ratio in the trailing 12-month period read 35.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.34 and 52-week low of $9.09. The stock subtracted -24.60% on its value in the past month.
Shoals Technologies Group Inc, which has a market valuation of $1.52 billion. Analysts tracking SHLS have forecast the quarterly EPS to grow by 0.06 per share this quarter, while the same analysts predict the annual EPS to hit $0.6 for the year 2024 and up to $0.87 for 2025. In this case, analysts estimate an annual EPS growth of -7.70% for the year and 45.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $97.69 million, with the likely lows of $91.14 million and highs of $127.2 million. The average estimate suggests sales growth for the quarter will likely fall by -7.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $506.44 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 3.60% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give SHLS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.43. The overview shows that SHLS’s price is at present -19.87% off the SMA20 and -31.86% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 26.68, with weekly volatility standing at 4.77%. The indicator jumps to 5.21% when calculated based on the past 30 days. Shoals Technologies Group Inc (NASDAQ:SHLS)’s beta value is holding at 1.82, while the average true range (ATR) indicator is currently reading 0.63.
An analysis of the Shoals Technologies Group Inc (NASDAQ:SHLS) stock in terms of its daily trading volume indicates that the 3-month average is 3.94 million.
Current records show that the company has 170.12M in outstanding shares. The insiders’ percentage holdings are 3.70% of outstanding shares while the percentage share held by institutions stands at 116.60%. But the -42.65% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
