Shoals Technologies Group Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $17.50 on 02/12/24 and the lowest value was $4.07 on 11/20/24.
52-week price history of SHLS Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Shoals Technologies Group Inc’s current trading price is -69.19% away from its 52-week high, while its distance from the 52-week low is 32.43%. The stock’s price range during the 52-week period has remained between $4.07 and $17.50. In the Technology sector, the company’s shares saw a trading volume of around 2.14 million for the day, which was evidently lower than the average daily volume of 4.85 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 -5.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 885.37M 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 5.30, with a change in price of -0.41. Similarly, Shoals Technologies Group Inc recorded 5,270,642 in trading volume during the last 100 days, posting a change of -7.07%.
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 0.26. 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 62.56%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 92.94%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 89.87% and 70.21%, respectively.
SHLS Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -65.57%. However, over the past six months, we’ve seen a stronger performance of -14.81%. The price of SHLS fallen by 10.77% over the last 30 days. And in the last five days, it has surged by 8.74%.
