The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Shoals Technologies Group Inc’s current trading price is -71.36% away from its 52-week high, while its distance from the 52-week low is 23.10%. The stock’s price range for this period has been between $4.07 and $17.50 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 5.85 million for the day, a number notably higher than the average daily volume of 5.32 million over the last three months.
Shoals Technologies Group Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $17.50 on 02/12/24, while the lowest price for the same period was registered at $4.07 on 11/20/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -2.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 835.16M 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 5.63, with a change in price of -1.07. Similarly, Shoals Technologies Group Inc recorded 5,325,492 in trading volume during the last 100 days, posting a change of -17.60%.
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 0.26. Similarly, the long-term debt-to-equity ratio is also 0.26.
SHLS Stock Stochastic Average
Shoals Technologies Group Inc’s raw stochastic average for the past 50 days is presently 36.29%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 44.55%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 42.65% and 32.75%, respectively.
SHLS Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -67.76%. However, over the last six months, the performance has been stronger by -39.57%. The price of SHLS decreased -6.53% over the last 30 days. And in the last five days, it has surged by 20.72%.
