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Sunday, December 3, 2023

Value Investing Philosophy And Shoals Technologies Group Inc (NASDAQ: SHLS)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Shoals Technologies Group Inc (SHLS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.77, or -4.74%, to $15.46. The Shoals Technologies Group Inc has recorded 113,247 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2023.

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Stocks Info

SHLS belongs to the Technology sector of the NASDAQ while operating in the Solar industry. At the end of the last regular session, the stock closed at $16.23 and fluctuated between $16.32 as its day high and $15.40 as its day low. The current market capitalization of Shoals Technologies Group Inc is $2.76B. A total of 4.11 million shares were traded on the day, compared to an average of 2.94M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SHLS has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 3,965 shares. Over the last 12 months, there were 17 BUYs and 37 SELLs from insiders. Insiders purchased 51,192,860 shares during that period but sold 103,730,713.

In the most recent transaction, Peetz Mehgan sold 1,990 shares of SHLS for 21.58 per share on Sep 14. After the transaction, the General Counsel now owns 81,385 company shares. In a previous transaction on Sep 14, TOLNAR JEFFERY sold 1,975 shares at 21.66 per share. SHLS shares that President owns now total 62,654.

Among the insiders who sold shares, Peetz Mehgan disposed of 7,279 shares on Jun 16 at a per-share price of $24.78. This resulted in the General Counsel holding 83,375 shares of SHLS after the transaction. In another insider transaction, TOLNAR JEFFERY sold 1,415 shares at $22.79 per share on Apr 03. Company shares held by the President now total 64,629.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SHLS in the last 3 months, the mean price target is $29.27 with high estimates of $47.00 and low estimates of $17.00. In terms of 52-week highs and lows, SHLS has a high of $32.43 and a low of $14.31.

As of this writing, SHLS has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.14. The company reported an EPS of $0.14 in the last quarter, which was 40.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.12, while its Total Shareholder’s Equity was -$7.50M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.43.

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