Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -45.30%.However, over the last six months, we can see a stronger performance of -43.48%. Over the last 30 days, the price of SHLS has leaped by -20.93%. And in the last five days, it has surged by 0.12%.
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 $8.06 on 04/19/24.
52-week price history of SHLS Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Shoals Technologies Group Inc’s current trading price is -70.01% away from its 52-week high, while its distance from the 52-week low is 5.46%. The stock’s price range during this period has varied between$8.06 and $28.34. The Shoals Technologies Group Inc’s shares, which operate in the Technology, saw a trading volume of around 3.56 million for the day, a figure considerably lower than their average daily volume of 4.05 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -35.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.45B and boasts a workforce of 1309 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.95, with a change in price of -5.08. Similarly, Shoals Technologies Group Inc recorded 3,786,013 in trading volume during the last 100 days, posting a change of -37.41%.
SHLS’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
Shoals Technologies Group Inc’s raw stochastic average for the past 50 days is presently 5.41%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 13.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 15.72% and 14.76%, respectively.
