Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Array Technologies Inc’s stock clocked out at $6.82, down -4.62% from its previous closing price of $7.15. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 6.97 million shares were traded. ARRY stock price reached its highest trading level at $7.17 during the session, while it also had its lowest trading level at $6.365.
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 3.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.78. 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 1086391936 and an Enterprise Value of 1789729152. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 16.07. Its current Enterprise Value per Revenue stands at 1.822 whereas that against EBITDA is 12.517.
Stock Price History:
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 8.04%, while the 200-Day Moving Average is calculated to be -23.01%.
Shares Statistics:
It appears that ARRY traded 6.74M shares on average per day over the past three months and 5694900 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 126.03% stake in the company. Shares short for ARRY as of 1735603200 were 23869824 with a Short Ratio of 3.54, compared to 1732838400 on 21911082. Therefore, it implies a Short% of Shares Outstanding of 23869824 and a Short% of Float of 17.809999.
Earnings Estimates
The current assessment of Array Technologies Inc (ARRY) involves the perspectives of 20.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.09, with high estimates of $0.26 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.68 and $0.57 for the fiscal current year, implying an average EPS of $0.62. EPS for the following year is $0.83, with 22.0 analysts recommending between $1.23 and $0.51.
Revenue Estimates
In the current quarter, 19 analysts expect revenue to total $267.94M. It ranges from a high estimate of $276.29M to a low estimate of $254.3M. As of the current estimate, Array Technologies Inc’s year-ago sales were $341.62MFor the next quarter, 19 analysts are estimating revenue of $219.08M. There is a high estimate of $335M for the next quarter, whereas the lowest estimate is $166.9M.
A total of 21 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $916.87M, while the lowest revenue estimate was $894.9M, resulting in an average revenue estimate of $908.72M. In the same quarter a year ago, actual revenue was $1.58BBased on 23 analysts’ estimates, the company’s revenue will be $1.13B in the next fiscal year. The high estimate is $1.47B and the low estimate is $989M.
