Array Technologies Inc (ARRY) concluded trading on Thursday at a closing price of $6.04, with 3.89 million shares of worth about $23.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.22% during that period and on September 25, 2024 the price saw a loss of about -4.88%. Currently the company’s common shares owned by public are about 151.24M shares, out of which, 149.30M shares are available for trading.
Stock saw a price change of -11.57% in past 5 days and over the past one month there was a price change of -12.34%. Year-to-date (YTD), ARRY shares are showing a performance of -64.05% which decreased to -73.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.56 but also hit the highest price of $24.18 during that period. The average intraday trading volume for Array Technologies Inc shares is 6.03 million. The stock is currently trading -8.07% below its 20-day simple moving average (SMA20), while that difference is down -24.24% for SMA50 and it goes to -50.09% 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 116.94% of that.
The stock has a current market capitalization of $917.66M and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 55.11, while it has posted earnings per share of $0.11 in the same period. Its PEG reads 5.93 and has Quick Ratio of 2.02 while making debt-to-equity ratio of 1.18. 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 5.39% while standing at 6.83% over the month.
Stock’s fiscal year EPS is expected to drop by -39.78% while it is estimated to increase by 39.30% 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 Jefferies on September 04, 2024 offering a Buy rating for the stock and assigned a target price of $11 to it. Coverage by TD Cowen stated Array Technologies Inc (ARRY) stock as a Hold in their note to investors on August 09, 2024, suggesting a price target of $11.50 for the stock. On August 09, 2024, ROTH MKM Downgrade their recommendations, while on July 12, 2024, Citigroup Upgrade their ratings for the stock with a price target of $14. Stock get a Positive rating from Susquehanna on June 28, 2024.
