Growing Through Challenges? – Array Technologies Inc (ARRY)

Currently, there are 151.93M common shares owned by the public and among those 149.40M shares have been available to trade.

The company’s stock has a 5-day price change of -6.66% and -19.91% over the past three months. ARRY shares are trading -67.44% year to date (YTD), with the 12-month market performance down to -71.06% lower. It has a 12-month low price of $5.15 and touched a high of $19.03 over the same period. ARRY has an average intraday trading volume of 6.44 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 -11.02%, -15.34%, and -42.93% respectively.

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Institutional ownership of Array Technologies Inc (NASDAQ: ARRY) shares accounts for 119.77% of the company’s 151.93M shares outstanding.

It has a market capitalization of $831.13M and a beta (3y monthly) value of 1.61. The earnings-per-share (ttm) stands at -$0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.87% over the week and 6.76% over the month.

Earnings per share for the fiscal year are expected to decrease by -45.86%, and 30.31% over the next financial year.

Looking at the support for the ARRY, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on November 08, 2024, with the firm’s price target at $11.50-$10. BofA Securities was of a view on November 07, 2024 that the stock is Neutral, while Jefferies gave the stock Buy rating on September 04, 2024, issuing a price target of $11. TD Cowen on their part issued Hold rating on August 09, 2024.

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