Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Array Technologies Inc’s stock clocked out at $8.91, up 5.82% from its previous closing price of $8.42. In other words, the price has increased by $5.82 from its previous closing price. On the day, 14.66 million shares were traded. ARRY stock price reached its highest trading level at $9.19 during the session, while it also had its lowest trading level at $8.32.
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 3.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.20. 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.
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:
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 1360779648 and an Enterprise Value of 2130778752. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16. Its current Enterprise Value per Revenue stands at 1.819 whereas that against EBITDA is 13.499.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.75, which has changed by 0.32195842 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, ARRY has reached a high of $8.87, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 28.18%, while the 200-Day Moving Average is calculated to be 40.11%.
Shares Statistics:
It appears that ARRY traded 8.28M shares on average per day over the past three months and 11640200 shares per day over the past ten days. A total of 152.66M shares are outstanding, with a floating share count of 150.02M. Insiders hold about 1.77% of the company’s shares, while institutions hold 123.71% stake in the company. Shares short for ARRY as of 1753920000 were 29084791 with a Short Ratio of 3.51, compared to 1751241600 on 28854992. Therefore, it implies a Short% of Shares Outstanding of 29084791 and a Short% of Float of 21.270001.
Earnings Estimates
At present, 18.0 analysts are actively evaluating the performance of Array Technologies Inc (ARRY) in the stock market.The consensus estimate for the next quarter is $0.09, with high estimates of $0.15 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.73 and $0.61 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.88, with 21.0 analysts recommending between $1.16 and $0.56.
Revenue Estimates
In the current quarter, 14 analysts expect revenue to total $313.04M. It ranges from a high estimate of $329.67M to a low estimate of $268.8M. As of the current estimate, Array Technologies Inc’s year-ago sales were $231.41MFor the next quarter, 14 analysts are estimating revenue of $228.29M. There is a high estimate of $268.62M for the next quarter, whereas the lowest estimate is $208.93M.
A total of 18 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.26B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.2B. In the same quarter a year ago, actual revenue was $915.81MBased on 22 analysts’ estimates, the company’s revenue will be $1.34B in the next fiscal year. The high estimate is $1.53B and the low estimate is $1.16B.
