A breakdown of the latest mutual funds holding Shoals Technologies Group Inc (SHLS)

Stocks of Shoals Technologies Group Inc (NASDAQ:SHLS) traded higher last session on Wall Street, down -10.04% to $14.60.

According to the data, Shoals Technologies Group Inc (NASDAQ:SHLS) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $17.00, we find $28.00. Given the previous closing price of $16.23, this indicates a potential upside of 72.52 percent. SHLS stock price is now -18.23% away from the 50-day moving average and -34.06% away from the 200-day moving average. The market capitalization of the company currently stands at $2.48B.

A total of 2 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $28.06 as their price target over the next twelve months.

With the price target of $33, Exane BNP Paribas recently initiated with Outperform rating for Shoals Technologies Group Inc (NASDAQ: SHLS).

In other news, Peetz Mehgan, General Counsel sold 1,990 shares of the company’s stock on Sep 14. The stock was sold for $42,944 at an average price of $21.58. Upon completion of the transaction, the General Counsel now directly owns 81,385 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, President TOLNAR JEFFERY sold 1,975 shares of the business’s stock. A total of $42,778 was realized by selling the stock at an average price of $21.66. This leaves the insider owning 62,654 shares of the company worth $0.91 million. Insiders disposed of 103,730,713 shares of company stock worth roughly $1.51 billion over the past 1 year. A total of 3.54% of the company’s stock is owned by insiders.

Wednesday’s opening bell rang with an opening price of $15.76 for Shoals Technologies Group Inc (NASDAQ: SHLS). During the past 12 months, Shoals Technologies Group Inc has had a low of $14.31 and a high of $32.43. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 2.59, and a quick ratio of 1.71. According to the stock market information, the enterprise value for the company is $2.86B, which is based on a 15.43 price-to-earnings ratio, a 0.41 price-to-earnings-growth ratio, and a beta of 2.10. The fifty day moving average price for SHLS is $17.85 and a two-hundred day moving average price translates $22.14 for the stock.

The latest earnings results from Shoals Technologies Group Inc (NASDAQ: SHLS) was released for Sep, 2023. According to the Solar Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.13 by 0.01. This compares to $0.11 EPS in the same period last year. The net profit margin was 37.53% and return on equity was 56.48% for SHLS. The company reported revenue of $134.21 million for the quarter, compared to $90.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.77 percent. For the current quarter, analysts expect SHLS to generate $136.02M in revenue.

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