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 $6.69 in the last session, up 1.52% from day before closing price of $6.59. In other words, the price has increased by $1.52 from its previous closing price. On the day, 3.37 million shares were traded.
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 3.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.67. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 15.76.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $15.35, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 2.30%, while the 200-Day Moving Average is calculated to be -18.37%.
Shares Statistics:
A total of 151.93M shares are outstanding, with a floating share count of 149.42M. Insiders hold about 1.66% of the company’s shares, while institutions hold 119.37% stake in the company.
