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The price of Array Technologies Inc (NASDAQ: ARRY) closed at $6.79 in the last session, up 2.72% from day before closing price of $6.61. In other words, the price has increased by $2.72 from its previous closing price. On the day, 4.31 million shares were traded. ARRY stock price reached its highest trading level at $6.8799 during the session, while it also had its lowest trading level at $6.42.
Ratios:
We take a closer look at ARRY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.75. 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 January 10, 2025, Susquehanna Downgraded its rating to Neutral which previously was Positive but kept the price unchanged to $7.
TD Cowen reiterated its Hold rating for the stock on November 08, 2024, while the target price for the stock was revised from $11.50 to $10.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1031692992 and an Enterprise Value of 1785170816. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 16.00. Its current Enterprise Value per Revenue stands at 1.818 whereas that against EBITDA is 12.485.
Stock Price History:
The Beta on a monthly basis for ARRY is 1.64, which has changed by -0.5235088 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, ARRY has reached a high of $15.60, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 4.98%, while the 200-Day Moving Average is calculated to be -18.70%.
Shares Statistics:
According to the various share statistics, ARRY traded on average about 5.41M shares per day over the past 3-months and 4219470 shares per day over the past 10 days. A total of 151.93M shares are outstanding, with a floating share count of 149.16M. Insiders hold about 1.66% of the company’s shares, while institutions hold 119.80% stake in the company. Shares short for ARRY as of 1738281600 were 22426836 with a Short Ratio of 4.15, compared to 1735603200 on 23869824. Therefore, it implies a Short% of Shares Outstanding of 22426836 and a Short% of Float of 16.73.
