With 6.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.66 million shares. The 52-week range on SHLS shows that it touched its highest point at $16.19 and its lowest point at $3.83 during that stretch. It currently has a 1-year price target of $7.20. Beta for the stock currently stands at 1.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SHLS was up-trending over the past week, with a rise of 5.61%, but this was down by -6.48% over a month. Three-month performance dropped to -17.05% while six-month performance fell -17.37%. The stock lost -73.73% in the past year, while it has lost -21.70% so far this year. A look at the trailing 12-month EPS for SHLS yields 0.19 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.09. This implies an EPS growth rate of -44.83% for this year and 19.23% for next year. EPS is expected to decline by -7.08% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.43%.
Float and Shares Shorts:
At present, 166.70 million SHLS shares are outstanding with a float of 165.08 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SHLS since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.36881 being high and $0.32784 being low. For SHLS, this leads to a yearly average estimate of $0.35857.
