In the latest session, Array Technologies Inc (NASDAQ: ARRY) closed at $12.14 down -6.18% from its previous closing price of $12.94. On the day, 5391945 shares were traded.
Ratios:
For a deeper understanding of Array Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.54. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.48. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.11.
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 the company, Barclays on April 02, 2024, Upgraded its rating to Overweight and sets its target price to $18 from $15 previously.
On March 22, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $16.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 20 ’24 when Hostetler Kevin G. sold 8,176 shares for $12.30 per share. The transaction valued at 100,565 led to the insider holds 217,352 shares of the business.
Hottinger Tyson sold 7,500 shares of ARRY for $187,825 on Sep 01 ’23. The Chief Legal Officer now owns 69,618 shares after completing the transaction at $25.04 per share. On Aug 14 ’23, another insider, Patel Nipul M., who serves as the Chief Financial Officer of the company, sold 54,593 shares for $23.12 each. As a result, the insider received 1,262,190 and left with 82,827 shares of the company.
Valuation Measures:
As of this moment, Array’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.57, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 7.08.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $26.64, while it has fallen to a 52-week low of $11.38.
Shares Statistics:
A total of 151.24M shares are outstanding, with a floating share count of 148.09M. Insiders hold about 2.11% of the company’s shares, while institutions hold 116.81% stake in the company.
Earnings Estimates
There are ARMOUR Residential REIT, Inc. different market analysts currently analyzing its stock. The consensus estimate for the next quarter is $12.14, with high estimates of $24.52 and low estimates of $2.31.
