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The closing price of Array Technologies Inc (NASDAQ: ARRY) was $6.45 for the day, up 2.06% from the previous closing price of $6.32. In other words, the price has increased by $2.06 from its previous closing price. On the day, 4.32 million shares were traded. ARRY stock price reached its highest trading level at $6.54 during the session, while it also had its lowest trading level at $6.27.
Ratios:
Our analysis of ARRY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.78. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.13.
On August 09, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $16.50 to $11.50.
ROTH MKM Downgraded its Buy to Neutral on August 09, 2024, whereas the target price for the stock was revised from $20 to $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 20 ’24 when Hostetler Kevin G. sold 8,176 shares for $12.30 per share. The transaction valued at 100,565 led to the insider holds 217,352 shares of the business.
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 979922688 and an Enterprise Value of 1775473408. As of this moment, Array’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.85, and their Forward P/E ratio for the next fiscal year is 6.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 4.90. Its current Enterprise Value per Revenue stands at 1.612 whereas that against EBITDA is 11.206.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $21.65, while it has fallen to a 52-week low of $5.56. The 50-Day Moving Average of the stock is -12.10%, while the 200-Day Moving Average is calculated to be -44.97%.
Shares Statistics:
ARRY traded an average of 5.82M shares per day over the past three months and 3991030 shares per day over the past ten days. A total of 151.24M shares are outstanding, with a floating share count of 149.30M. Insiders hold about 1.73% of the company’s shares, while institutions hold 116.63% stake in the company. Shares short for ARRY as of 1726185600 were 29891043 with a Short Ratio of 5.14, compared to 1723680000 on 29257433. Therefore, it implies a Short% of Shares Outstanding of 29891043 and a Short% of Float of 22.299999.
