Shoals Technologies Stock Forecast - Day Median Price

SHLS Stock  USD 5.26  0.25  4.99%   
Shoals Stock Forecast is based on your current time horizon.
  
At this time, Shoals Technologies' Inventory Turnover is comparatively stable compared to the past year. Payables Turnover is likely to gain to 23.39 in 2024, whereas Fixed Asset Turnover is likely to drop 11.69 in 2024. . Net Income Applicable To Common Shares is likely to gain to about 154.1 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 125 M in 2024.
Shoals Technologies Group has current Day Median Price of 5.18. Median Price is the statistical median of an asset price for a given trading period.
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Shoals Technologies Trading Date Momentum

On November 29 2024 Shoals Technologies Group was traded for  5.26  at the closing time. The top price for the day was 5.29  and the lowest listed price was  5.06 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 3.80% .
The median price is the midpoint of the trading periods range.
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Other Forecasting Options for Shoals Technologies

For every potential investor in Shoals, whether a beginner or expert, Shoals Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shoals Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shoals. Basic forecasting techniques help filter out the noise by identifying Shoals Technologies' price trends.

Shoals Technologies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Shoals Technologies stock to make a market-neutral strategy. Peer analysis of Shoals Technologies could also be used in its relative valuation, which is a method of valuing Shoals Technologies by comparing valuation metrics with similar companies.
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Shoals Technologies Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Shoals Technologies' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Shoals Technologies' current price.

Shoals Technologies Market Strength Events

Market strength indicators help investors to evaluate how Shoals Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shoals Technologies shares will generate the highest return on investment. By undertsting and applying Shoals Technologies stock market strength indicators, traders can identify Shoals Technologies Group entry and exit signals to maximize returns.

Shoals Technologies Risk Indicators

The analysis of Shoals Technologies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Shoals Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shoals stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thematic Opportunities

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Additional Tools for Shoals Stock Analysis

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.