SHEN
Shenandoah Telecommunications Company
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Last price
12.33
▲ 0.01 (0.08%)
MARKET · —
Price
Open
12.32
Prev close
12.32
Day high
12.78
Day low
12.25
Volume
287.88K
Market cap
$682.65M
P/E (TTM)
—
52W range
9.67 – 17.35
Trailing performance
Returnvs SPY
1W
-7.08%
-5.7%
1M
+7.40%
+3.7%
3M
-23.56%
-26.7%
6M
-8.46%
-19.5%
YTD
+6.66%
-5.6%
1Y
-1.60%
-21.6%
3Y
-44.68%
-118.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$682.65M
Enterprise value$1.46B
Revenue (TTM)$367.00M
Gross profit$238.01M
EBITDA$116.15M
Net income$-44.88M
EPS (TTM)$-0.81
Free cash flow$-236.00M
Total cash$23.89M
Total debt$733.52M
Book value / share$15.53
Shares outstanding55.36M
Float42.98M
Short % of float6.50%
Dividend yield0.89%
Beta (5Y)0.69
Valuation & profitability ratios
Trailing P/E—
Forward P/E-12.21
PEG ratio0.87
Price / sales—
Price / book0.79
EV / revenue3.98
EV / EBITDA12.56
Gross margin64.85%
Operating margin-0.94%
Profit margin-12.23%
Return on equity-3.94%
Return on assets-0.54%
Debt / equity77.08
Current ratio0.85
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $357.85M | $328.06M | $287.38M | $267.37M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$39.39M | $190.39M | $8.04M | -$8.38M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$39.39M | $190.39M | $8.04M | -$8.38M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.24 | -0.17 | +30.2% |
| Mar 2026 | -0.25 | -0.31 | -22.3% |
| Dec 2025 | -0.15 | -0.13 | +12.9% |
| Sep 2025 | -0.27 | -0.19 | +28.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.23 | 2 | $94.10M | +4.8% |
| Next quarter | -0.17 | 2 | $95.13M | +3.9% |
| Current year | -0.88 | 2 | $374.85M | +4.8% |
| Next year | -0.65 | 2 | $394.25M | +5.2% |
Analyst targets & ownership
Mean target$27.50
High target$29.00
Low target$26.00
Implied upside123.03%
Analyst count2
ConsensusNONE
Strong buy / Buy1 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders4.98%
Held by institutions72.94%
Institutions holding259
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.66M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 3, 26 | KOONTZ RICHARD L JR Director |
STOCK | 41 | $500 | Direct |
| Aug 3, 26 | BECKETT THOMAS A Director |
STOCK | 33 | $400 | Direct |
| Aug 3, 26 | SCHULTZ LEIGH ANN Director |
STOCK | 55 | $667 | Direct |
| Aug 3, 26 | QUAGLIO KENNETH L. Director |
STOCK | 83 | $1.00K | Direct |
| Aug 3, 26 | BARNES VICTOR CHRISTOPHER Director |
STOCK | 68 | $817 | Direct |
| Aug 3, 26 | RHYMES MICHAEL ANTHONY Director |
STOCK | 41 | $500 | Direct |
| Jul 31, 26 | VOLK JAMES J Chief Financial Officer |
BUY | 4.28K | $50.00K | Direct |
| Jul 31, 26 | MCKAY EDWARD H Officer |
BUY | 2.00K | $24.28K | Direct |
| Jul 1, 26 | KOONTZ RICHARD L JR Director |
STOCK | 33 | $500 | Direct |
| Jul 1, 26 | BECKETT THOMAS A Director |
STOCK | 26 | $400 | Direct |
| Jul 1, 26 | SCHULTZ LEIGH ANN Director |
STOCK | 44 | $667 | Direct |
| Jul 1, 26 | QUAGLIO KENNETH L. Director |
STOCK | 27 | $417 | Direct |
| Jul 1, 26 | BARNES VICTOR CHRISTOPHER Director |
STOCK | 54 | $817 | Direct |
| Jul 1, 26 | RHYMES MICHAEL ANTHONY Director |
STOCK | 33 | $500 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ECP CONTROLCO, L.L.C. |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
ECP FIBER HOLDINGS GP, LLC |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
FITZSIMMONS TRACY |
Director | 63.05K | Conversion of Exercise of derivative security |
FLORA JOHN W |
Director | 66.06K | Conversion of Exercise of derivative security |
FRENCH CHRISTOPHER E |
Chief Executive Officer | 2.08M | Conversion of Exercise of derivative security |
GCM GROSVENOR EQUITY OPPORTUNITY MASTER FUND LP |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
GCM GROSVENOR INC |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
KOONTZ RICHARD L JR |
Director | 71.81K | Stock Award(Grant) |
MCKAY EDWARD H |
Officer | 136.01K | Purchase |
VOLK JAMES J |
Chief Financial Officer | 98.17K | Purchase |
Moving averages & technicals
SMA 10
12.80
-3.67% from price
SMA 20
12.68
-2.77% from price
SMA 50
13.21
-6.68% from price
SMA 100
14.55
-15.29% from price
SMA 200
13.41
-8.02% from price
EMA 12
12.62
-2.29% from price
EMA 26
12.76
-3.41% from price
EMA 50
13.22
-6.75% from price
RSI (14)
44.3
Neutral
MACD (12,26,9)
-0.15
Hist -0.03
ATR (14)
0.67
5.39% of price
Realised vol 30D
55.1%
Annualised
Bollinger upper
13.93
20, 2σ
Bollinger lower
11.43
20, 2σ
50 / 200 cross
Death
13.21 vs 13.41
Trend bias
Below 200
-8.02%
Risk profile
Beta vs SPY
0.58
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
55.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-35.0%
Peak to trough
Max drawdown 5Y
-69.3%
Peak to trough
ATR 14
0.67
5.39% of price
Beta (reported)
0.69
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
1.25
Put-heavy session
Put / call open interest
0.11
Positioning, not flow
Max pain
12.50
+1.4% from spot
ATM implied vol
46.1%
Nearest strike to spot
Skew (10% OTM)
-1.6%
Calls bid over puts
Call volume
8
Contracts, this expiry
Put volume
10
Contracts, this expiry
Heaviest call OI
12.50
63 contracts
Heaviest put OI
12.50
6 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.