In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
Array Technologies Inc (NASDAQ: ARRY) closed the day trading at $9.03 down -5.54% from the previous closing price of $9.56. In other words, the price has decreased by -$5.54 from its previous closing price. On the day, 5.89 million shares were traded. ARRY stock price reached its highest trading level at $9.61 during the session, while it also had its lowest trading level at $9.01.
Ratios:
For a better understanding of ARRY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.35. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1379106688 and an Enterprise Value of 2230049792. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18. Its current Enterprise Value per Revenue stands at 1.904 whereas that against EBITDA is 14.127.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.77, which has changed by 0.31824815 over the last 52 weeks, in comparison to a change of 0.1590569 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 26.99%, while the 200-Day Moving Average is calculated to be 40.47%.
Shares Statistics:
Over the past 3-months, ARRY traded about 8.24M shares per day on average, while over the past 10 days, ARRY traded about 11378950 shares per day. A total of 152.66M shares are outstanding, with a floating share count of 150.03M. Insiders hold about 1.76% of the company’s shares, while institutions hold 123.39% stake in the company. Shares short for ARRY as of 1755216000 were 38279355 with a Short Ratio of 4.64, compared to 1752537600 on 29274641. Therefore, it implies a Short% of Shares Outstanding of 38279355 and a Short% of Float of 27.98.
Earnings Estimates
The dynamic stock of Array Technologies Inc (ARRY) is currently attracting attention from 18.0 analysts actively involved in rating its market status.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 $0.64 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.89, with 20.0 analysts recommending between $1.16 and $0.56.
Revenue Estimates
15 analysts predict $315.01M in revenue for the current quarter. It ranges from a high estimate of $329.67M to a low estimate of $290.26M. As of the current estimate, Array Technologies Inc’s year-ago sales were $231.41MFor the next quarter, 15 analysts are estimating revenue of $226.82M. There is a high estimate of $268.62M for the next quarter, whereas the lowest estimate is $208.93M.
A total of 19 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.26B, while the lowest revenue estimate was $1.19B, 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 $1.35B in the next fiscal year. The high estimate is $1.53B and the low estimate is $1.16B.
