Based on the key indicators related to Shoals Technologies' liquidity, profitability, solvency, and operating efficiency, Shoals Technologies Group is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in January. At this time, Shoals Technologies' Net Receivables is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 230 M in 2024, whereas Property Plant And Equipment Net is likely to drop slightly above 17.3 M in 2024. Key indicators impacting Shoals Technologies' financial strength include:
The essential information of the day-to-day investment outlook for Shoals Technologies includes many different criteria found on its balance sheet. An individual investor should monitor Shoals Technologies' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Shoals Technologies.
Please note, the imprecision that can be found in Shoals Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Shoals Technologies Group. Check Shoals Technologies' Beneish M Score to see the likelihood of Shoals Technologies' management manipulating its earnings.
Shoals Technologies Stock Summary
Shoals Technologies competes with Array Technologies, Sunnova Energy, Fluence Energy, and Playtika Holding. Shoals Technologies Group, Inc. provides electrical balance of system solutions for solar energy projects in the United States. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee. Shoals Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 697 people.
The reason investors look at the income statement is to determine what Shoals Technologies' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Shoals Technologies's current stock value. Our valuation model uses many indicators to compare Shoals Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Shoals Technologies competition to find correlations between indicators driving Shoals Technologies's intrinsic value. More Info.
Shoals Technologies Group is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.82 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Shoals Technologies Group is roughly 1.21 . At this time, Shoals Technologies' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Shoals Technologies by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Shoals Technologies Systematic Risk
Shoals Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Shoals Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Shoals Technologies correlated with the market. If Beta is less than 0 Shoals Technologies generally moves in the opposite direction as compared to the market. If Shoals Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Shoals Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Shoals Technologies is generally in the same direction as the market. If Beta > 1 Shoals Technologies moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Shoals Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Shoals Technologies' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Shoals Technologies growth as a starting point in their analysis.
Shoals Technologies December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Shoals Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Shoals Technologies Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Shoals Technologies Group based on widely used predictive technical indicators. In general, we focus on analyzing Shoals Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Shoals Technologies's daily price indicators and compare them against related drivers.
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.