Currently, there are 151.93M common shares owned by the public and among those 149.42M shares have been available to trade.
The company’s stock has a 5-day price change of 1.66% and -5.73% over the past three months. ARRY shares are trading 11.75% year to date (YTD), with the 12-month market performance down to -52.60% lower. It has a 12-month low price of $5.15 and touched a high of $16.22 over the same period. ARRY has an average intraday trading volume of 6.68 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 10.65%, 6.75%, and -25.09% respectively.
Institutional ownership of Array Technologies Inc (NASDAQ: ARRY) shares accounts for 119.46% of the company’s 151.93M shares outstanding.
It has a market capitalization of $1.03B and a beta (3y monthly) value of 1.58. 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 6.70% over the week and 6.49% over the month.
Analysts forecast that Array Technologies Inc (ARRY) will achieve an EPS of 0.18 for the current quarter, 0.09 for the next quarter and 0.83 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.11 while analysts give the company a high EPS estimate of 0.11. Comparatively, EPS for the current quarter was 0.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -46.01%, and 27.77% over the next financial year.
Looking at the support for the ARRY, a number of firms have released research notes about the stock. Susquehanna stated their Neutral rating for the stock in a research note on January 10, 2025, with the firm’s price target at $7. TD Cowen coverage for the Array Technologies Inc (ARRY) stock in a research note released on November 08, 2024 offered a Hold rating with a price target of $10. Guggenheim was of a view on November 07, 2024 that the stock is Neutral, while BofA Securities gave the stock Neutral rating on November 07, 2024, issuing a price target of $11- $7. Jefferies on their part issued Buy rating on September 04, 2024.
