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. Most recently, Yahoo Finance reported about the stock as it publicized that Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2023.
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Stocks Info
SHLS belongs to the Technology sector of the NASDAQ while operating in the Solar industry. The current market capitalization of Shoals Technologies Group Inc is $2.62B. A total of 6.32 million shares were traded on the day, compared to an average of 3.48M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 15 SELLs from insiders. Insiders purchased 29,222,542 shares during that period but sold 53,728,534.
In the most recent transaction, Bardos Dominic sold 4,200 shares of SHLS for 14.24 per share on Dec 05. After the transaction, the Chief Financial Officer now owns 66,925 company shares. In a previous transaction on Dec 05, Peetz Mehgan sold 3,310 shares at 14.21 per share. SHLS shares that General Counsel owns now total 78,075.
Among the insiders who sold shares, TOLNAR JEFFERY disposed of 2,500 shares on Dec 05 at a per-share price of $14.15. This resulted in the President holding 60,154 shares of SHLS after the transaction. In another insider transaction, Peetz Mehgan sold 1,990 shares at $21.58 per share on Sep 14. Company shares held by the General Counsel now total 81,385.
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 $24.32 with high estimates of $42.00 and low estimates of $15.00. In terms of 52-week highs and lows, SHLS has a high of $28.34 and a low of $12.11.
As of this writing, SHLS has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.14. The company reported an EPS of $0.14 in the last quarter, which was 7.70% higher than expectations of $0.13.
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 $3.09, 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 4.59.
