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The price of Array Technologies Inc (NASDAQ: ARRY) closed at $5.90 in the last session, down -3.28% from day before closing price of $6.10. In other words, the price has decreased by -$3.28 from its previous closing price. On the day, 2.26 million shares were traded. ARRY stock price reached its highest trading level at $6.07 during the session, while it also had its lowest trading level at $5.86.
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 2.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.83. 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.
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, TD Cowen on November 08, 2024, Reiterated its Hold rating but revised its target price to $10 from $11.50 previously.
BofA Securities Downgraded its Buy to Neutral on November 07, 2024, whereas the target price for the stock was revised from $11 to $7.
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 896463744 and an Enterprise Value of 1608916992. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 13.90. Its current Enterprise Value per Revenue stands at 1.638 whereas that against EBITDA is 11.252.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $17.75, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is -7.14%, while the 200-Day Moving Average is calculated to be -37.26%.
Shares Statistics:
According to the various share statistics, ARRY traded on average about 6.55M shares per day over the past 3-months and 6592400 shares per day over the past 10 days. A total of 151.93M shares are outstanding, with a floating share count of 149.38M. Insiders hold about 1.69% of the company’s shares, while institutions hold 119.74% stake in the company. Shares short for ARRY as of 1732838400 were 21911082 with a Short Ratio of 3.74, compared to 1730332800 on 29650445. Therefore, it implies a Short% of Shares Outstanding of 21911082 and a Short% of Float of 16.350001.
