Shoals Technologies Group Inc (NASDAQ:SHLS) shares, rose in value on Thursday, March 27, with the stock price up by 0.59% to the previous day’s close as strong demand from buyers drove the stock to $3.42.
Actively observing the price movement in the last trading, the stock closed the session at $3.40, falling within a range of $3.32 and $3.52. The value of beta (5-year monthly) was 1.689 whereas the PE ratio was 23.98 over 12-month period. Referring to stock’s 52-week performance, its high was $12.09, and the low was $2.71. On the whole, SHLS has fluctuated by -11.74% over the past month.
With the market capitalization of Shoals Technologies Group Inc currently standing at about $571.69 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
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 50% 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 1.43, with the price of SHLS currently trading nearly 8.32% and -12.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.15, while the 7-day volatility ratio is showing 6.70% which for the 30-day chart, stands at 8.06%. Furthermore, Shoals Technologies Group Inc (SHLS)’s beta value is 1.57, and its average true range (ATR) is 0.26.
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 0.59% in last session, and over the past year, it shrunk by -70.99%%.
Data on historical trading for Shoals Technologies Group Inc (NASDAQ:SHLS) indicates that the trading volumes over the past 10 days have averaged 5.28 and over the past 3 months, they’ve averaged 6.59 million. According to company’s latest data on outstanding shares, there are 166.76 million shares outstanding.
Nearly 1.43% of Shoals Technologies Group Inc’s shares belong to company insiders and institutional investors own 109.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.35 million shares as on 2025-03-14, resulting in a short ratio of 2.04. According to the data, the short interest in Shoals Technologies Group Inc (SHLS) stood at 1191.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 16.55 million. The stock has fallen by -38.16% 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.
