In terms of market performance, Shoals Technologies Group Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $28.34 on 07/18/23, while the lowest value was $5.69 on 07/02/24.
52-week price history of SHLS Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Shoals Technologies Group Inc’s current trading price is -75.09% away from its 52-week high, while its distance from the 52-week low is 24.08%. The stock’s price range for this period has remained between $5.69 and $28.34. The Technology sector company’s shares managed to surpass a trading volume of around 5.06 million for the day, which was noticeably lower compared to the shares’ average daily volume of 5.95 million over the last three months.
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Financial Performance and Market Capitalization
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -19.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.20B and boasts a workforce of 1309 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.05, with a change in price of -8.00. Similarly, Shoals Technologies Group Inc recorded 5,318,770 in trading volume during the last 100 days, posting a change of -53.12%.
SHLS Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SHLS stands at 0.30. Similarly, the long-term debt-to-equity ratio is also 0.30.
SHLS Stock Stochastic Average
As of today, the raw stochastic average of Shoals Technologies Group Inc over the past 50 days is 39.37%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 98.56%. Additionally, the Stochastic %K and %D values for the company were 88.58% and 67.37%, respectively, over the past 20 days.
SHLS Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded a decrease of -54.57%. However, over the last six months, the performance has been stronger by -47.97%. The price of SHLS increased 3.98% over the last 30 days. And in the last five days, it has surged by 13.14%.