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In the latest session, Array Technologies Inc (NASDAQ: ARRY) closed at $6.55 up 0.77% from its previous closing price of $6.50. In other words, the price has increased by $0.77 from its previous closing price. On the day, 6.86 million shares were traded. ARRY stock price reached its highest trading level at $6.865 during the session, while it also had its lowest trading level at $6.45.
Ratios:
For a deeper understanding of Array Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.86. 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.
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 August 09, 2024, Reiterated its Hold rating but revised its target price to $11.50 from $16.50 previously.
On August 09, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $20 to $8.
Citigroup Upgraded its Neutral to Buy on July 12, 2024, whereas the target price for the stock was revised from $17 to $14.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
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 995115328 and an Enterprise Value of 1790666112. As of this moment, Array’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.76, and their Forward P/E ratio for the next fiscal year is 6.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 4.97. Its current Enterprise Value per Revenue stands at 1.626 whereas that against EBITDA is 11.302.
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 $6.43. The 50-Day Moving Average of the stock is -38.28%, while the 200-Day Moving Average is calculated to be -50.92%.
Shares Statistics:
For the past three months, ARRY has traded an average of 5.88M shares per day and 9557330 over the past ten days. A total of 151.24M shares are outstanding, with a floating share count of 149.05M. Insiders hold about 1.74% of the company’s shares, while institutions hold 116.44% stake in the company. Shares short for ARRY as of 1722384000 were 21863006 with a Short Ratio of 3.72, compared to 1719532800 on 24913039. Therefore, it implies a Short% of Shares Outstanding of 21863006 and a Short% of Float of 16.319999.
