1 week Ago By ABMN Staff
Shoals Technologies Group, Inc. ( NASDAQ:SHLS – Get Free Report ) shares gapped down before the market opened on Friday after Roth Mkm lowered their price target on the stock from $7.00 to $6.
00. The stock had previously closed at $5.48, but opened at $5.
36. Roth Mkm currently has a neutral rating on the stock. Shoals Technologies Group shares last traded at $5.
51, with a volume of 263,620 shares changing hands. A number of other brokerages have also issued reports on SHLS. Oppenheimer lowered their target price on shares of Shoals Technologies Group from $14.
00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Roth Capital cut shares of Shoals Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th.
Jefferies Financial Group assumed coverage on shares of Shoals Technologies Group in a research report on Wednesday. They set a “hold” rating and a $5.00 target price on the stock.
Barclays decreased their price target on shares of Shoals Technologies Group from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th.
Finally, UBS Group dropped their price objective on Shoals Technologies Group from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.
Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.06.
Check Out Our Latest Report on Shoals Technologies Group Hedge Funds Weigh In On Shoals Technologies Group Shoals Technologies Group Stock Performance The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.50 and a current ratio of 2.
26. The stock has a market cap of $941.57 million, a PE ratio of 31.
39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.74.
The firm has a fifty day moving average price of $5.92 and a 200 day moving average price of $8.20.
Shoals Technologies Group ( NASDAQ:SHLS – Get Free Report ) last announced its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
08 by $0.02. The company had revenue of $99.
25 million for the quarter, compared to analyst estimates of $90.57 million. Shoals Technologies Group had a return on equity of 12.
75% and a net margin of 5.13%. The firm’s quarterly revenue was down 16.
7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS.
Research analysts forecast that Shoals Technologies Group, Inc. will post 0.31 earnings per share for the current fiscal year.
About Shoals Technologies Group ( Get Free Report ) Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. See Also Receive News & Ratings for Shoals Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoals Technologies Group and related companies with MarketBeat.
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