Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Array Technologies Inc (NASDAQ: ARRY) closed at $13.39 in the last session, down -2.55% from day before closing price of $13.74. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 3.41 million shares were traded. ARRY stock price reached its highest trading level at $13.9 during the session, while it also had its lowest trading level at $13.29.
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 8.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.45. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.48. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.11.
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 the company, Barclays on April 02, 2024, Upgraded its rating to Overweight and sets its target price to $18 from $15 previously.
On March 22, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $16.
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 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.
Hottinger Tyson sold 7,500 shares of ARRY for $187,825 on Sep 01 ’23. The Chief Legal Officer now owns 69,618 shares after completing the transaction at $25.04 per share. On Aug 14 ’23, another insider, Patel Nipul M., who serves as the Chief Financial Officer of the company, sold 54,593 shares for $23.12 each. As a result, the insider received 1,262,190 and left with 82,827 shares of the company.
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 2031624704 and an Enterprise Value of 2835567360. As of this moment, Array’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.89, and their Forward P/E ratio for the next fiscal year is 9.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 7.81. Its current Enterprise Value per Revenue stands at 1.799 whereas that against EBITDA is 11.018.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $26.64, while it has fallen to a 52-week low of $10.82. The 50-Day Moving Average of the stock is 2.37%, while the 200-Day Moving Average is calculated to be -20.56%.
Shares Statistics:
According to the various share statistics, ARRY traded on average about 5.68M shares per day over the past 3-months and 4810400 shares per day over the past 10 days. A total of 151.24M shares are outstanding, with a floating share count of 149.14M. Insiders hold about 1.71% of the company’s shares, while institutions hold 115.73% stake in the company. Shares short for ARRY as of 1713139200 were 26639712 with a Short Ratio of 4.69, compared to 1710460800 on 24812636. Therefore, it implies a Short% of Shares Outstanding of 26639712 and a Short% of Float of 19.91.
