Shoals Technologies Group Inc (NASDAQ: SHLS): Is Its Value Too High Compared To Others?

Shoals Technologies Group Inc (NASDAQ:SHLS) shares, rose in value on Wednesday, April 16, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $3.33.

Actively observing the price movement in the last trading, the stock closed the session at $3.29, falling within a range of $3.2585 and $3.44. The value of beta (5-year monthly) was 1.535 whereas the PE ratio was 23.35 over 12-month period. Referring to stock’s 52-week performance, its high was $9.17, and the low was $2.71. On the whole, SHLS has fluctuated by 0.30% over the past month.

With the market capitalization of Shoals Technologies Group Inc currently standing at about $556.65 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 427.69M, with a low estimate of 70M and a high estimate of 77.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 74.45M.

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 1.36, with the price of SHLS currently trading nearly 0.23% and -5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.46, while the 7-day volatility ratio is showing 8.22% which for the 30-day chart, stands at 8.85%. Furthermore, Shoals Technologies Group Inc (SHLS)’s beta value is 1.49, and its average true range (ATR) is 0.30.

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 1.22% in last session, and over the past year, it shrunk by -61.81%%.

Data on historical trading for Shoals Technologies Group Inc (NASDAQ:SHLS) indicates that the trading volumes over the past 10 days have averaged 6.18 and over the past 3 months, they’ve averaged 6.32 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 110.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.81 million shares as on 2025-03-31, resulting in a short ratio of 2.48. According to the data, the short interest in Shoals Technologies Group Inc (SHLS) stood at 1227.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 16.49 million. The stock has fallen by -39.78% 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.

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