Array Technologies Inc (ARRY) concluded trading on Wednesday at a closing price of $7.15, with 7.41 million shares of worth about $53.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.99% during that period and on January 29, 2025 the price saw a gain of about 7.04%. Currently the company’s common shares owned by public are about 151.93M shares, out of which, 149.42M shares are available for trading.
Stock saw a price change of 11.98% in past 5 days and over the past one month there was a price change of 20.98%. Year-to-date (YTD), ARRY shares are showing a performance of 18.38% which decreased to -45.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.15 but also hit the highest price of $16.22 during that period. The average intraday trading volume for Array Technologies Inc shares is 6.73 million. The stock is currently trading 6.17% above its 20-day simple moving average (SMA20), while that difference is up 12.15% for SMA50 and it goes to -17.24% lower than SMA200.
Array Technologies Inc (NASDAQ: ARRY) currently have 151.93M outstanding shares and institutions hold larger chunk of about 125.65% of that.
The stock has a current market capitalization of $1.09B and its 3Y-monthly beta is at 1.62. It has posted earnings per share of -$0.98 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 1.48. 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 8.32% while standing at 7.54% over the month.
Stock’s fiscal year EPS is expected to drop by -46.06% while it is estimated to increase by 22.83% 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 Susquehanna on January 10, 2025 offering a Neutral rating for the stock and assigned a target price of $7 to it. Coverage by TD Cowen stated Array Technologies Inc (ARRY) stock as a Hold in their note to investors on November 08, 2024, suggesting a price target of $10 for the stock. On November 07, 2024, Guggenheim Downgrade their recommendations, while on November 07, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $7. Stock get a Buy rating from Jefferies on September 04, 2024.
