Array Technologies Inc (ARRY) concluded trading on Wednesday at a closing price of $12.51, with 7.31 million shares of worth about $91.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.50% during that period and on May 08, 2024 the price saw a loss of about -6.57%. Currently the company’s common shares owned by public are about 151.24M shares, out of which, 149.14M shares are available for trading.
Stock saw a price change of 0.40% in past 5 days and over the past one month there was a price change of -13.90%. Year-to-date (YTD), ARRY shares are showing a performance of -25.54% which decreased to -32.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.82 but also hit the highest price of $26.64 during that period. The average intraday trading volume for Array Technologies Inc shares is 5.66 million. The stock is currently trading 0.27% above its 20-day simple moving average (SMA20), while that difference is down -4.36% for SMA50 and it goes to -25.66% lower than SMA200.
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Array Technologies Inc (NASDAQ: ARRY) currently have 151.24M outstanding shares and institutions hold larger chunk of about 115.64% of that.
The stock has a current market capitalization of $1.90B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 23.26, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 1.57 and has Quick Ratio of 2.00 while making debt-to-equity ratio of 1.16. 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 4.75% while standing at 6.01% over the month.
Analysts are in expectations that Array Technologies Inc (ARRY) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $1.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is $0.03 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 $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.11% while it is estimated to increase by 35.15% in next year.
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 April 02, 2024 offering an Overweight rating for the stock and assigned a target price range of between $15 and $18 to it. Coverage by BMO Capital Markets stated Array Technologies Inc (ARRY) stock as a Market perform in their note to investors on March 22, 2024, suggesting a price target of $16 for the stock. On March 05, 2024, KeyBanc Capital Markets Initiated their recommendations, while on February 28, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $16.50. Stock get an Underperform rating from Exane BNP Paribas on February 28, 2024.
