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Shoals Technologies Group Inc: Weathering Stock Market Storms with 2.70B Market Cap

Shoals Technologies Group Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $28.34 on 07/18/23 and a low of $12.11 for the same time frame on 11/10/23.

52-week price history of SHLS Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Shoals Technologies Group Inc’s current trading price is -43.98% away from its 52-week high, while its distance from the 52-week low is 31.09%. The stock’s price range during the 52-week period has remained between $12.11 and $28.34. In the Technology sector, the company’s shares saw a trading volume of around 1.73 million for the day, which was evidently lower than the average daily volume of 3.48 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Shoals Technologies Group Inc (SHLS) has experienced a quarterly rise of 15.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.70B and boasts a workforce of 835 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 14.85, with a change in price of -0.61. Similarly, Shoals Technologies Group Inc recorded 3,621,772 in trading volume during the last 100 days, posting a change of -3.67%.

Examining SHLS’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SHLS stands at 0.36. Similarly, the long-term debt-to-equity ratio is also 0.36.

SHLS Stock Stochastic Average

As of today, Shoals Technologies Group Inc’s raw stochastic average for the last 50 days stands at 68.50%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 66.21%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 56.09% and 47.11%, respectively.

SHLS Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The metric has seen a significant gain of 2.16% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -18.04%. Over the past 30 days, the price of SHLS has fallen by 14.54%. And in the last five days, it has surged by 5.41%.

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