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The closing price of Array Technologies Inc (NASDAQ: ARRY) was $6.27 for the day, down -1.72% from the previous closing price of $6.38. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 5.81 million shares were traded.
Ratios:
Our analysis of ARRY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.50. 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.
On February 28, 2025, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $10 to $7.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1.04.
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 $4.89. The 50-Day Moving Average of the stock is -5.37%, while the 200-Day Moving Average is calculated to be -20.23%.
Shares Statistics:
A total of 151.95M shares are outstanding, with a floating share count of 149.50M. Insiders hold about 1.65% of the company’s shares, while institutions hold 119.45% stake in the company.
