The price of Array Technologies Inc. (NASDAQ: ARRY) closed at $23.67 in the last session, down -1.82% from day before closing price of $24.11. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 5060077 shares were traded. ARRY stock price reached its highest trading level at $24.00 during the session, while it also had its lowest trading level at $22.84.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
We take a closer look at ARRY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 3.62 whereas as Long-Term Debt/Eq ratio is at 3.40.
Upgrades & Downgrades
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 16 when Hottinger Tyson sold 8,500 shares for $20.74 per share. The transaction valued at 176,292 led to the insider holds 75,547 shares of the business.
Stacherski Kenneth R. sold 1,327 shares of ARRY for $24,409 on Sep 19. The Chief Operations Officer now owns 99,902 shares after completing the transaction at $18.39 per share. On Aug 26, another insider, Schmid Gerrard, who serves as the Director of the company, bought 7,000 shares for $21.66 each. As a result, the insider paid 151,650 and bolstered with 41,269 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARRY now has a Market Capitalization of 3.31B and an Enterprise Value of 4.25B. As of this moment, Array’s Price-to-Earnings (P/E) ratio for their current fiscal year is 464.12, and their Forward P/E ratio for the next fiscal year is 18.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 17.15. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 21.27.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $24.99, while it has fallen to a 52-week low of $8.82. The 50-Day Moving Average of the stock is 20.45, while the 200-Day Moving Average is calculated to be 20.00.
According to the various share statistics, ARRY traded on average about 4.74M shares per day over the past 3-months and 5.59M shares per day over the past 10 days. A total of 150.61M shares are outstanding, with a floating share count of 148.53M. Insiders hold about 0.30% of the company’s shares, while institutions hold 113.93% stake in the company. Shares short for ARRY as of Apr 27, 2023 were 16.42M with a Short Ratio of 16.42M, compared to 15.96M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.88% and a Short% of Float of 12.27%.
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.1, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.26, with high estimates of $0.36 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.95 and $0.8 for the fiscal current year, implying an average EPS of $0.85. EPS for the following year is $1.27, with 18 analysts recommending between $1.6 and $1.11.
According to 18 analysts, the current quarter’s revenue is expected to be $452.35M. It ranges from a high estimate of $488.28M to a low estimate of $441.62M. As of the current estimate, Array Technologies Inc.’s year-ago sales were $424.93M, an estimated increase of 6.50% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $541.64M, an increase of 35.60% over than the figure of $6.50% in the same quarter last year. There is a high estimate of $653.13M for the next quarter, whereas the lowest estimate is $479.6M.
A total of 19 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.93B, while the lowest revenue estimate was $1.81B, resulting in an average revenue estimate of $1.86B. In the same quarter a year ago, actual revenue was $1.64B, up 13.50% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $2.23B in the next fiscal year. The high estimate is $2.38B and the low estimate is $2.1B. The average revenue growth estimate for next year is up 20.10% from the average revenue estimate for this year.