Shares of Mid-cap technology company Shoals Technologies moved 0.7 this afternoon, and are now trading at $15.2 per share. On the other hand, the average analyst target price for the stock is $30.07.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle charging applications in the United States.
Shoals Technologies Investors Should Consider This:
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Shoals Technologies has moved -31.0% over the last year.
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The company has a price to earnings growth (PEG) ratio of 0.56. A number between 0 and 1 could mean that the market is undervaluing Shoals Technologies's estimated growth potential
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Its Price to Book (P/B) ratio is 4.88
Understanding Shoals Technologies's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-28 | 326,940 | -71,656 | 18 | 12.5 |
| 2022-03-11 | 213,212 | -48,076 | 16 |
Averaging out to 17.0% over the last 2 years, Shoals Technologies's operating margins are lagging the Semiconductors industry average of 25.44%. On the other hand, we note that the firm's margins are growing at a 6.8% compounded average yearly rate.
