In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $5.02 in the prior trading day, Array Technologies Inc (NASDAQ: ARRY) closed at $4.93, down -1.79%. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 6.29 million shares were traded.
Ratios:
Our goal is to gain a better understanding of ARRY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 2.28. In the meantime, Its Debt-to-Equity ratio is 2.42 whereas as Long-Term Debt/Eq ratio is at 2.29.
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, RBC Capital Mkts on March 17, 2025, initiated with a Sector Perform rating and assigned the stock a target price of $7.
On March 07, 2025, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $10.
TD Cowen reiterated its Hold rating for the stock on February 28, 2025, while the target price for the stock was revised from $10 to $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 0.82.
Stock Price History:
Over the past 52 weeks, ARRY has reached a high of $14.85, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is -5.61%, while the 200-Day Moving Average is calculated to be -24.46%.
Shares Statistics:
A total of 151.95M shares are outstanding, with a floating share count of 150.02M. Insiders hold about 1.63% of the company’s shares, while institutions hold 116.35% stake in the company.
