Shoals Technologies Group Stock Price on October 21, 2024
| SHLS Stock | USD 5.22 0.04 0.76% |
If you're considering investing in Shoals Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shoals Technologies stands at 5.22, as last reported on the 30th of November, with the highest price reaching 5.35 and the lowest price hitting 5.00 during the day. Shoals Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0353, which indicates the firm had a -0.0353% return per unit of risk over the last 3 months. Shoals Technologies Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shoals Technologies' Semi Deviation of 5.11, coefficient of variation of 3428.9, and Risk Adjusted Performance of 0.0308 to confirm the risk estimate we provide.
At this time, Shoals Technologies' Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 494.1 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 446.2 M in 2024. . Price To Sales Ratio is likely to drop to 4.96 in 2024. Price Earnings Ratio is likely to drop to 60.63 in 2024. Shoals Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shoals |
Sharpe Ratio = -0.0353
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Estimated Market Risk
| 4.73 actual daily | 42 58% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shoals Technologies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shoals Technologies by adding Shoals Technologies to a well-diversified portfolio.
Price Book 1.6083 | Enterprise Value Ebitda 12.8054 | Price Sales 2.0746 | Shares Float 156.7 M | Wall Street Target Price 7.6087 |
Related Headline
Elkhorn Headline on 30th of November 2024
Disposition of 2876 shares by Robert Bachman of Elkhorn at 1... by Robert Bachman
Filed transaction by Elkhorn Officer Chief Financial Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Shoals Technologies Valuation on October 21, 2024
It is possible to determine the worth of Shoals Technologies on a given historical date. On October 21, 2024 Shoals was worth 5.33 at the beginning of the trading date compared to the closed value of 5.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shoals Technologies stock. Still, in general, we apply an absolute valuation method to find Shoals Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shoals Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shoals Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 4.97 | 5.10 | 4.93 | 5.05 | 3,504,190 | |
10/21/2024 | 5.33 | 5.43 | 4.96 | 5.05 | 7,755,591 |
| 5.21 | 5.21 | 5.01 | 5.06 | 3,221,780 |
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Shoals Technologies Trading Date Momentum on October 21, 2024
| On October 22 2024 Shoals Technologies Group was traded for 5.06 at the closing time. The top price for the day was 5.21 and the lowest listed price was 5.01 . The trading volume for the day was 3.2 M. The trading history from October 22, 2024 was a factor to the next trading day price appreciation. The trading price change against the next closing price was 0.20% . The trading price change against the current closing price is 4.36% . |
Shoals Technologies Fundamentals Correlations and Trends
By evaluating Shoals Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shoals Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shoals financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shoals Technologies Stock history
Shoals Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shoals is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shoals Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shoals Technologies stock prices may prove useful in developing a viable investing in Shoals Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 164.5 M | 125 M | |
| Net Income Applicable To Common Shares | 146.8 M | 154.1 M |
Shoals Technologies Quarterly Net Working Capital |
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Shoals Technologies Stock Technical Analysis
Shoals Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shoals Technologies Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Shoals Technologies Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shoals Technologies November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Shoals Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shoals Technologies shares will generate the highest return on investment. By undertsting and applying Shoals Technologies stock market strength indicators, traders can identify Shoals Technologies Group entry and exit signals to maximize returns
Shoals Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shoals Technologies' price direction in advance. Along with the technical and fundamental analysis of Shoals Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shoals to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.072 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | 0.2696 |
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Additional Tools for Shoals Stock Analysis
When running Shoals Technologies' price analysis, check to measure Shoals Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to predict the probability of Shoals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoals Technologies' price. Additionally, you may evaluate how the addition of Shoals Technologies to your portfolios can decrease your overall portfolio volatility.