Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Array Technologies Inc (NASDAQ: ARRY) closed at $8.26 in the last session, up 1.10% from day before closing price of $8.17. In other words, the price has increased by $1.10 from its previous closing price. On the day, 3.12 million shares were traded. ARRY stock price reached its highest trading level at $8.375 during the session, while it also had its lowest trading level at $7.89.
Ratios:
We take a closer look at ARRY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.38. 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:
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 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 1261506560 and an Enterprise Value of 2031507584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08. Its current Enterprise Value per Revenue stands at 1.734 whereas that against EBITDA is 12.87.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.75, which has changed by 0.25151515 over the last 52 weeks, in comparison to a change of 0.1529237 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 8.61%, while the 200-Day Moving Average is calculated to be 24.86%.
Shares Statistics:
According to the various share statistics, ARRY traded on average about 8.15M shares per day over the past 3-months and 6373620 shares per day over the past 10 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 120.57% stake in the company. Shares short for ARRY as of 1757894400 were 37937186 with a Short Ratio of 4.65, compared to 1755216000 on 38279355. Therefore, it implies a Short% of Shares Outstanding of 37937186 and a Short% of Float of 27.73.
Earnings Estimates
As of right now, 18.0 analysts gave their recommendation on the stock of the company. 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 19.0 analysts recommending between $1.16 and $0.56.
Revenue Estimates
According to 17 analysts, . The current quarter’s revenue is expected to be $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 21 analysts’ estimates, the company’s revenue will be $1.38B in the next fiscal year. The high estimate is $1.53B and the low estimate is $1.16B.
