Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
As of close of business last night, Array Technologies Inc’s stock clocked out at $6.61, up 2.80% from its previous closing price of $6.43. In other words, the price has increased by $2.80 from its previous closing price. On the day, 5.06 million shares were traded. ARRY stock price reached its highest trading level at $6.655 during the session, while it also had its lowest trading level at $6.0517.
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 3.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.42.
On November 08, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $11.50 to $10.
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 1004343296 and an Enterprise Value of 1757821056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 15.57. Its current Enterprise Value per Revenue stands at 1.79 whereas that against EBITDA is 12.294.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.59, which has changed by -0.51835203 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, ARRY has reached a high of $16.22, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 4.71%, while the 200-Day Moving Average is calculated to be -26.98%.
Shares Statistics:
It appears that ARRY traded 6.70M shares on average per day over the past three months and 5094520 shares per day over the past ten days. A total of 151.93M shares are outstanding, with a floating share count of 149.42M. Insiders hold about 1.66% of the company’s shares, while institutions hold 119.45% stake in the company. Shares short for ARRY as of 1734048000 were 24496355 with a Short Ratio of 3.56, compared to 1731628800 on 22166144. Therefore, it implies a Short% of Shares Outstanding of 24496355 and a Short% of Float of 18.280001000000002.
