Array Technologies Inc (ARRY) concluded trading on Thursady at a closing price of $13.17, with 4.39 million shares of worth about $57.84 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.32% during that period and on Thursady the price saw a loss of about -4.43%. Currently the company’s common shares owned by public are about 150.51M shares, out of which, 147.99M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 368,994 shares in 26 of the transactions. In 20 selling transactions, insiders dumped 112,658 shares.
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Stock saw a price change of -12.32% in past 5 days and over the past one month there was a price change of -1.79%. Year-to-date (YTD), ARRY shares are showing a performance of -21.61% which decreased to -33.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.52 but also hit the highest price of $26.64 during that period. The average intraday trading volume for Array Technologies Inc shares is 5.35 million. The stock is currently trading -5.92% below its 20-day simple moving average (SMA20), while that difference is down -13.33% for SMA50 and it goes to -30.82% lower than SMA200.
Array Technologies Inc (NASDAQ: ARRY) currently have 150.51M outstanding shares and institutions hold larger chunk of about 116.62% of that.
The stock has a current market capitalization of $1.99B and its 3Y-monthly beta is at 1.65. PE ratio of stock for trailing 12 months is 34.33, while it has posted earnings per share of $0.38 in the same period. Its PEG reads 0.77 and has Quick Ratio of 1.62 while making debt-to-equity ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARRY, volatility over the week remained 3.70% while standing at 5.12% over the month.
Analysts are in expectations that Array Technologies Inc (ARRY) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.23 and it is $1.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.09 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 170.73% while it is estimated to increase by 24.44% in next year. EPS is likely to grow at an annualized rate of 44.60% for next 5-years, compared to annual growth of 11.68% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 22, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $22 and $15 to it. Coverage by Wells Fargo stated Array Technologies Inc (ARRY) stock as an Equal weight in their note to investors on January 08, 2024, suggesting a price target of $19 for the stock. On December 19, 2023, Piper Sandler Downgrade their recommendations, while on December 15, 2023, Jefferies Initiated their ratings for the stock with a price target of $18. Stock get a Neutral rating from Mizuho on November 21, 2023.
