Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Shoals Technologies Group Inc’s current trading price is -61.68% away from its 52-week high, while its distance from the 52-week low is 2.60%. The stock’s price range over this period has fluctuated between $10.59 and $28.34. The company, operating within the financial sector, had a trading volume of approximately 3.86 million for the day, which was noticeably higher than the average daily share volume of 3.73 million over the last 3 months.
Shoals Technologies Group Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $28.34 on 07/18/23, while the lowest price for the same period was registered at $10.59 on 04/03/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -28.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.85B and boasts a workforce of 1309 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 14.00, with a change in price of -5.37. Similarly, Shoals Technologies Group Inc recorded 3,798,377 in trading volume during the last 100 days, posting a change of -33.09%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for SHLS stands at 0.34. Similarly, the long-term debt-to-equity ratio is also 0.33.
SHLS Stock Stochastic Average
Today’s raw stochastic average for Shoals Technologies Group Inc over the last 50 days is 4.81%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 11.51%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 10.97% and 10.05%, respectively.
SHLS Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -30.12%.However, over the last six months, we can see a stronger performance of -36.64%. Over the last 30 days, the price of SHLS has leaped by -16.53%. And in the last five days, it has fallen by -2.51%.
