Shoals Technologies Group Inc’s recently made public that its Chief Financial Officer Bardos Dominic acquired Company’s shares for reported $98000.0 on Mar 12 ’25. In the deal valued at $2.80 per share,35,000 shares were bought. As a result of this transaction, Bardos Dominic now holds 418,217 shares worth roughly $1.38 million.
Then, Lund Inez sold 1,900 shares, generating $5,548 in total proceeds. Upon selling the shares at $2.92, the Chief Accounting Officer now owns 61,134 shares.
Before that, TOLNAR JEFFERY sold 2,700 shares. Shoals Technologies Group Inc shares valued at $7,776 were divested by the President at a price of $2.88 per share. As a result of the transaction, TOLNAR JEFFERY now holds 253,426 shares, worth roughly $0.84 million.
Wolfe Research initiated its Shoals Technologies Group Inc [SHLS] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. BofA Securities began covering SHLS with “Buy” recommendation on November 25, 2024. TD Cowen maintained its rating on November 13, 2024. It rated SHLS as “a Buy”.
Price Performance Review of SHLS
On Friday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock unchanged to $3.31. Over the last five days, the stock has gained 1.53%. Shoals Technologies Group Inc shares have fallen nearly -40.14% since the year began. Nevertheless, the stocks have fallen -72.14% over the past one year. While a 52-week high of $12.98 was reached on 01/07/25, a 52-week low of $2.71 was recorded on 03/11/25. SMA at 50 days reached $4.10, while 200 days put it at $5.29.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 3.20, which if violated will result in even more drops to 3.09. On the upside, there is a resistance level at 3.41. A further resistance level may holdings at 3.51. The Relative Strength Index (RSI) on the 14-day chart is 43.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.83%. Stochastics %K at 78.74% indicates the stock is a holding.
How much short interest is there in Shoals Technologies Group Inc?
A steep rise in short interest was recorded in Shoals Technologies Group Inc stocks on 2025-02-28, growing by 0.77 million shares to a total of 16.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 15.72 million shares. There was a rise of 4.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 14, 2024 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $46 price target.
