In terms of market performance, Shoals Technologies Group Inc had a fairly uneven. The highest value for the stock in the past year was $17.50 on 02/12/24, and the lowest value was recorded at $4.85 on 10/08/24.
52-week price history of SHLS Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Shoals Technologies Group Inc’s current trading price is -69.99% away from its 52-week high, while its distance from the 52-week low is 8.24%. The stock’s price range during this period has spanned from $4.85 to $17.50. In the Technology sector, the Shoals Technologies Group Inc’s shares surpassed a trading volume of approximately 3.62 million for the day, which was noticeably lower compared to the average daily volume of 9.5.22 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 decline of -20.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 874.88M and boasts a workforce of 1309 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 6.04, with a change in price of -3.00. Similarly, Shoals Technologies Group Inc recorded 5,488,974 in trading volume during the last 100 days, posting a change of -36.17%.
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 0.27. Similarly, the long-term debt-to-equity ratio is also 0.27.
SHLS Stock Stochastic Average
Today’s raw stochastic average for Shoals Technologies Group Inc over the last 50 days is 20.52%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 26.58%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 14.68% and 12.80%, respectively.
SHLS Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -66.22% this year. Over the last six months, there has been a stronger performance of -37.72%. The price of SHLS leaped by -14.36% during the last 30 days period. For the last 5-days stocks have improved 0.38%.
