Shoals Technologies Group Inc (NASDAQ:SHLS) shares, rose in value, on Thursday, July 18, with the stock price up by 0.51% to the previous day’s close as strong demand from buyers drove the stock to $6.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.81. The PE ratio was 38.30 over 12-month period. Referring to stock’s 52-week performance, its high was $28.34, and the low was $5.69. On the whole, SHLS has fluctuated by 2.78% over the past month.
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The stock’s technical analysis shows that the PEG ratio is about 2.99, with the price of SHLS currently trading nearly 6.61% and -1.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.18, while the 7-day volatility ratio is showing 6.13% which for the 30-day chart, stands at 5.78%. Furthermore, Shoals Technologies Group Inc (SHLS)’s beta value is 1.76, and its average true range (ATR) is 0.41.
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 0.51% in today’s session so far, and over the past year, it shrunk by -73.72%%.
Data on historical trading for Shoals Technologies Group Inc (NASDAQ:SHLS) indicates that the trading volumes over the past 3 months, they’ve averaged 5.94 million. According to company’s latest data on outstanding shares, there are 170.12 million shares outstanding.
Nearly 2.92% of Shoals Technologies Group Inc’s shares belong to company insiders and institutional investors own 122.07% of the company’s shares. The stock has fallen by -55.95% 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.
