Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Shoals Technologies Group Inc’s current trading price is -34.67% away from its 52-week high, while its distance from the 52-week low is 91.88%. The stock’s price range during this period has varied between $2.71 and $7.96. The company, active in the Technology sector, saw a trading volume of around 4.2 million for the day, considerably lower average daily volume of 6.64 million observed over the last three months.
Shoals Technologies Group Inc’s stock has had a tumultuous market performance.
How Financial Performance Impacts Market Capitalization
Shoals Technologies Group Inc (SHLS) has experienced a quarterly rise of 85.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 869.31M and boasts a workforce of 1290 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How SHLS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SHLS stands at 0.25. Similarly, the long-term debt-to-equity ratio is also 0.25.
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. Year to date metric has recorded a loss of -5.97%.However, over the last six months, we can see a weaker performance of 12.07%. Over the last 30 days, the price of SHLS has fallen by 2.16%. And in the last five days, it has surged by 6.78%.
