The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -67.86%.However, over the last six months, we can see a stronger performance of -52.83%. Over the last 30 days, the price of SHLS has leaped by -14.18%. And in the last five days, it has fallen by -8.18%.
Shoals Technologies Group Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $18.46 on 10/11/23 and a low of $4.88 for the same time frame on 10/08/24.
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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 -72.94% away from its 52-week high, while its distance from the 52-week low is 2.36%. The stock’s price range during this period has varied between$4.88 and $18.46. The Shoals Technologies Group Inc’s shares, which operate in the Technology, saw a trading volume of around 2.72 million for the day, a figure considerably lower than their average daily volume of 5.43 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -20.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 832.42M 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 6.24, with a change in price of -1.80. Similarly, Shoals Technologies Group Inc recorded 5,788,515 in trading volume during the last 100 days, posting a change of -26.58%.
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 0.27. Similarly, the long-term debt-to-equity ratio is also 0.27.
SHLS Stock Stochastic Average
As of today, Shoals Technologies Group Inc’s raw stochastic average for the last 50 days stands at 6.28%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 7.14%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 6.24% and 5.20%, respectively.
