Are Things Looking Up For Shoals Technologies Group Inc (NASDAQ: SHLS)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Solar industry segment. The current market capitalization of Shoals Technologies Group Inc is $858.25M. A total of 5.24 million shares were traded on the day, compared to an average of 5.42M shares.

In the most recent transaction, TOLNAR JEFFERY sold 2,110 shares of SHLS for 6.34 per share on Sep 16 ’24. After the transaction, the President now owns 125,761 company shares. In a previous transaction on Sep 16 ’24, Lund Inez sold 350 shares at 6.33 per share. SHLS shares that Chief Accounting Officer owns now total 37,675.

Among the insiders who bought shares, Jeffrey Tolnar acquired of 2,110 shares on Sep 16 ’24 at a per-share price of $6.28. In another insider transaction, Inez Lund bought 350 shares at $6.03 per share on Sep 16 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SHLS has a high of $18.46 and a low of $4.85.

As of this writing, SHLS has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.09. The company reported an EPS of $0.2 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SHLS’s latest balance sheet shows that the firm has $5.01M in Cash & Short Term Investments as of fiscal 2021. There were $247.05M in debt and $31.55M in liabilities at the time. Its Book Value Per Share was $3.24, while its Total Shareholder’s Equity was -$7.50M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SHLS is Buy with a score of 4.21.

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