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Shoals Technologies Group Inc. (SHLS): Does this stock hold the most enticing factor today?

For the readers interested in the stock health of Shoals Technologies Group Inc. (SHLS). It is currently valued at $20.46. When the transactions were called off in the previous session, Stock hit the highs of $23.28, after setting-off with the price of $23.17. Company’s stock value dipped to $21.01 during the trading on the day. When the trading was stopped its value was $21.19.Recently in News on September 20, 2022, Shoals Technologies and Nextracker Innovate to Launch North-South Big Lead Assembly (BLA) Product for Solar EBOS. New North-South BLA trunk bus optimizes EBOS installation, long-term O&M and delivers overall project savings compared to conventional wiring methods. You can read further details here

Shoals Technologies Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.47 on 09/08/22, with the lowest value was $9.58 for the same time period, recorded on 04/28/22.

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Shoals Technologies Group Inc. (SHLS) full year performance was -33.07%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Shoals Technologies Group Inc. shares are logging -44.49% during the 52-week period from high price, and 113.57% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.58 and $36.86.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1176258 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Shoals Technologies Group Inc. (SHLS) recorded performance in the market was -12.80%, having the revenues showcasing 10.36% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.60B, as it employees total of 697 workers.

Market experts do have their say about Shoals Technologies Group Inc. (SHLS)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.71, with a change in the price was noted +9.31. In a similar fashion, Shoals Technologies Group Inc. posted a movement of +84.64% for the period of last 100 days, recording 2,331,074 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SHLS is recording 18.20 at the time of this writing. In addition, long term Debt to Equity ratio is set at 18.07.

Technical breakdown of Shoals Technologies Group Inc. (SHLS)

Raw Stochastic average of Shoals Technologies Group Inc. in the period of last 50 days is set at 43.92%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.23%. In the last 20 days, the company’s Stochastic %K was 4.24% and its Stochastic %D was recorded 4.70%.

Bearing in mind the latest performance of Shoals Technologies Group Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -12.80%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -4.81%, alongside a downfall of -33.07% for the period of the last 12 months. The shares increased approximately by -14.49% in the 7-day charts and went up by -16.25% in the period of the last 30 days. Common stock shares were driven by 10.36% during last recorded quarter.

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