The stock of Shoals Technologies Group Inc (NASDAQ:SHLS) last traded at $4.33, up 6.13% from the previous session.
SHLS stock price is now -10.85% away from the 50-day moving average and -24.76% away from the 200-day moving average. The market capitalization of the company currently stands at $721.80M.
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On December 17, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $7, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Lund Inez, Chief Accounting Officer sold 850 shares of the company’s stock on Dec 05 ’24. The stock was sold for $4,012 at an average price of $4.72. Upon completion of the transaction, the Chief Accounting Officer now directly owns 36,825 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, President TOLNAR JEFFERY sold 1,310 shares of the business’s stock. A total of $6,092 was realized by selling the stock at an average price of $4.65. This leaves the insider owning 124,451 shares of the company worth $0.54 million. A total of 0.97% of the company’s stock is owned by insiders.
During the past 12 months, Shoals Technologies Group Inc has had a low of $3.83 and a high of $16.19. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.08, and a quick ratio of 1.36.
The net profit margin was 7.78% and return on equity was 6.15% for SHLS. The company reported revenue of $102.17 million for the quarter, compared to $134.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.88 percent.
