Currently, there are 151.24M common shares owned by the public and among those 149.30M shares have been available to trade.
The company’s stock has a 5-day price change of -5.29% and -34.95% over the past three months. ARRY shares are trading -61.67% year to date (YTD), with the 12-month market performance down to -67.39% lower. It has a 12-month low price of $5.56 and touched a high of $21.65 over the same period. ARRY has an average intraday trading volume of 5.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.11%, -8.84%, and -44.23% respectively.
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Institutional ownership of Array Technologies Inc (NASDAQ: ARRY) shares accounts for 116.64% of the company’s 151.24M shares outstanding.
It has a market capitalization of $978.43M and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 58.76, while the earnings-per-share (ttm) stands at $0.11. The company has a PEG of 5.47 and a Quick Ratio of 2.02 with the debt-to-equity ratio at 1.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.45% over the week and 6.62% over the month.
Earnings per share for the fiscal year are expected to decrease by -39.86%, and 36.86% over the next financial year.
Looking at the support for the ARRY, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on September 04, 2024, with the firm’s price target at $11. TD Cowen coverage for the Array Technologies Inc (ARRY) stock in a research note released on August 09, 2024 offered a Hold rating with a price target of $11.50. ROTH MKM was of a view on August 09, 2024 that the stock is Neutral, while Citigroup gave the stock Buy rating on July 12, 2024, issuing a price target of $17- $14. Susquehanna on their part issued Positive rating on June 28, 2024.
