Array Technologies Inc (ARRY) concluded trading on Wednesday at a closing price of $11.12, with 5.87 million shares of worth about $65.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.08% during that period and on July 24, 2024 the price saw a gain of about 1.55%. Currently the company’s common shares owned by public are about 151.24M shares, out of which, 149.15M shares are available for trading.
Stock saw a price change of -0.71% in past 5 days and over the past one month there was a price change of 1.46%. Year-to-date (YTD), ARRY shares are showing a performance of -33.81% which decreased to -41.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.34 but also hit the highest price of $26.64 during that period. The average intraday trading volume for Array Technologies Inc shares is 5.53 million. The stock is currently trading 6.12% above its 20-day simple moving average (SMA20), while that difference is down -6.23% for SMA50 and it goes to -21.55% 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 127.33% of that.
The stock has a current market capitalization of $1.69B and its 3Y-monthly beta is at 1.66. PE ratio of stock for trailing 12 months is 29.81, while it has posted earnings per share of $0.37 in the same period. Its PEG reads 3.21 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 1.14. 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 5.73% while standing at 6.17% over the month.
Stock’s fiscal year EPS is expected to drop by -4.40% while it is estimated to increase by 46.33% 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 Citigroup on July 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $17 and $14 to it. Coverage by Susquehanna stated Array Technologies Inc (ARRY) stock as a Positive in their note to investors on June 28, 2024, suggesting a price target of $14 for the stock. On May 10, 2024, Oppenheimer Upgrade their recommendations, while on April 02, 2024, Barclays Upgrade their ratings for the stock with a price target of $18. Stock get a Market perform rating from BMO Capital Markets on March 22, 2024.
