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The price of Array Technologies Inc (NASDAQ: ARRY) closed at $7.00 in the last session, up 1.74% from day before closing price of $6.88. In other words, the price has increased by $1.74 from its previous closing price. On the day, 4.6 million shares were traded.
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 3.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.39. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 1.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on March 17, 2025, initiated with a Sector Perform rating and assigned the stock a target price of $7.
On March 07, 2025, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $10.
TD Cowen reiterated its Hold rating for the stock on February 28, 2025, while the target price for the stock was revised from $10 to $7.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $14.69, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 27.56%, while the 200-Day Moving Average is calculated to be 11.57%.
Shares Statistics:
A total of 152.51M shares are outstanding, with a floating share count of 149.91M. Insiders hold about 1.73% of the company’s shares, while institutions hold 112.04% stake in the company.
Earnings Estimates
A comprehensive evaluation of Array Technologies Inc (ARRY) is underway, with the input of 19.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $0.17, with high estimates of $0.21 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.68 and $0.49 for the fiscal current year, implying an average EPS of $0.62. EPS for the following year is $0.79, with 22.0 analysts recommending between $1.01 and $0.47.
Revenue Estimates
According to 20 analysts, the current quarter’s revenue is expected to be $292.7M. It ranges from a high estimate of $328M to a low estimate of $255.13M. As of the current estimate, Array Technologies Inc’s year-ago sales were $255.77MFor the next quarter, 20 analysts are estimating revenue of $263.23M. There is a high estimate of $288.37M for the next quarter, whereas the lowest estimate is $209M.
A total of 24 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.17B, while the lowest revenue estimate was $1.02B, resulting in an average revenue estimate of $1.11B. In the same quarter a year ago, actual revenue was $915.81MBased on 24 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.31B and the low estimate is $1.1B.
