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Array Technologies Inc (NASDAQ: ARRY) closed the day trading at $5.63 up 2.93% from the previous closing price of $5.47. In other words, the price has increased by $2.93 from its previous closing price. On the day, 3.6 million shares were traded. ARRY stock price reached its highest trading level at $5.775 during the session, while it also had its lowest trading level at $5.482.
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 2.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 2.28. In the meantime, Its Debt-to-Equity ratio is 2.42 whereas as Long-Term Debt/Eq ratio is at 2.29.
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 855838848 and an Enterprise Value of 1597788544. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93. Its current Enterprise Value per Revenue stands at 1.745 whereas that against EBITDA is 11.814.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.64, which has changed by -0.6271523 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, ARRY has reached a high of $15.35, while it has fallen to a 52-week low of $4.89. The 50-Day Moving Average of the stock is -13.66%, while the 200-Day Moving Average is calculated to be -24.67%.
Shares Statistics:
Over the past 3-months, ARRY traded about 5.34M shares per day on average, while over the past 10 days, ARRY traded about 4076390 shares per day. A total of 151.95M shares are outstanding, with a floating share count of 149.54M. Insiders hold about 1.63% of the company’s shares, while institutions hold 119.53% stake in the company. Shares short for ARRY as of 1741910400 were 20501331 with a Short Ratio of 3.94, compared to 1739491200 on 21768421. Therefore, it implies a Short% of Shares Outstanding of 20501331 and a Short% of Float of 15.290000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
A detailed examination of Array Technologies Inc (ARRY) is currently in progress, with 18.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.18, with high estimates of $0.25 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.69 and $0.43 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $0.83, with 22.0 analysts recommending between $1.12 and $0.6.
Revenue Estimates
18 analysts predict $264.13M in revenue for the current quarter. It ranges from a high estimate of $270.5M to a low estimate of $259.87M. As of the current estimate, Array Technologies Inc’s year-ago sales were $153.4MFor the next quarter, 18 analysts are estimating revenue of $283.02M. There is a high estimate of $329M for the next quarter, whereas the lowest estimate is $247.5M.
A total of 24 analysts have provided revenue estimates for ARRY’s current fiscal year. The highest revenue estimate was $1.13B, while the lowest revenue estimate was $1.02B, resulting in an average revenue estimate of $1.1B. In the same quarter a year ago, actual revenue was $915.81MBased on 24 analysts’ estimates, the company’s revenue will be $1.22B in the next fiscal year. The high estimate is $1.32B and the low estimate is $1.06B.
