Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Array Technologies Inc’s stock clocked out at $8.22, up 1.86% from its previous closing price of $8.07. In other words, the price has increased by $1.86 from its previous closing price. On the day, 6.43 million shares were traded. ARRY stock price reached its highest trading level at $8.23 during the session, while it also had its lowest trading level at $7.88.
Ratios:
To gain a deeper understanding of ARRY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 2.22. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.80.
On March 17, 2025, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $7. Guggenheim Upgraded its Neutral to Buy on March 07, 2025, while the target price for the stock was maintained at $10.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 16 ’24 when Manning Neil bought 5,700 shares for $5.21 per share. The transaction valued at 29,697 led to the insider holds 29,366 shares of the business.
Hostetler Kevin G. bought 14,430 shares of ARRY for $100,038 on Nov 15 ’24. The Chief Executive Officer now owns 216,802 shares after completing the transaction at $6.93 per share. On Nov 12 ’24, another insider, Hottinger Tyson, who serves as the Former Officer of the company, bought 31,853 shares for $6.28 each.
Valuation Measures:
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 1255397632 and an Enterprise Value of 2025398656. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07. Its current Enterprise Value per Revenue stands at 1.729 whereas that against EBITDA is 12.831.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.74, which has changed by 0.2944882 over the last 52 weeks, in comparison to a change of 0.1675967 over the same period for the S&P500. Over the past 52 weeks, ARRY has reached a high of $9.99, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 9.03%, while the 200-Day Moving Average is calculated to be 25.01%.
Shares Statistics:
It appears that ARRY traded 8.84M shares on average per day over the past three months and 8048880 shares per day over the past ten days. A total of 152.66M shares are outstanding, with a floating share count of 150.11M. Insiders hold about 1.71% of the company’s shares, while institutions hold 120.63% stake in the company. Shares short for ARRY as of 1756425600 were 34113400 with a Short Ratio of 3.86, compared to 1753920000 on 29084791. Therefore, it implies a Short% of Shares Outstanding of 34113400 and a Short% of Float of 24.94.
Earnings Estimates
The current market rating for Array Technologies Inc (ARRY) reflects the collective analysis of 18.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.09, with high estimates of $0.17 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.73 and $0.64 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.9, with 20.0 analysts recommending between $1.16 and $0.56.
Revenue Estimates
In the current quarter, 17 analysts expect revenue to total $311.06M. It ranges from a high estimate of $327.52M to a low estimate of $243.9M. As of the current estimate, Array Technologies Inc’s year-ago sales were $231.41MFor the next quarter, 17 analysts are estimating revenue of $232.47M. There is a high estimate of $288.99M for the next quarter, whereas the lowest estimate is $208.93M.
A total of 21 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.25B, while the lowest revenue estimate was $1.2B, resulting in an average revenue estimate of $1.21B. In the same quarter a year ago, actual revenue was $915.81MBased on 22 analysts’ estimates, the company’s revenue will be $1.37B in the next fiscal year. The high estimate is $1.53B and the low estimate is $1.16B.
