Shoals Technologies Group Inc (NASDAQ:SHLS) shares, rose in value, with the stock price up by 0.35% to the previous day’s close as strong demand from buyers drove the stock to $8.49.
Actively observing the price movement in the last trading, the stock closed the session at $8.46. The PE ratio was 34.25 over 12-month period. Referring to stock’s 52-week performance, its high was $28.34, and the low was $8.06. On the whole, SHLS has fluctuated by -27.99% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SHLS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.31, with the price of SHLS currently trading nearly -13.66% and -30.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.15, while the 7-day volatility ratio is showing 5.09% which for the 30-day chart, stands at 5.46%. Furthermore, Shoals Technologies Group Inc (SHLS)’s beta value is 1.86, and its average true range (ATR) is 0.55.
A comparison of Shoals Technologies Group Inc (SHLS) with its peers suggests the former has fared considerably weaker in the market. SHLS showed an intraday change of 0.35% in last session, and over the past year, it shrunk by -62.22%%.
Data on historical trading for Shoals Technologies Group Inc (NASDAQ:SHLS) indicates that the trading volumes over the past 3 months, they’ve averaged 4.02 million. According to company’s latest data on outstanding shares, there are 170.12 million shares outstanding.
Nearly 3.70% of Shoals Technologies Group Inc’s shares belong to company insiders and institutional investors own 116.14% of the company’s shares. The stock has fallen by -45.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SHLS stock heading into the next quarter.
