There Is Clear Momentum For Array Technologies Inc (NASDAQ: ARRY)

Array Technologies Inc (ARRY) concluded trading on Thursday at a closing price of $4.15, with 4.01 million shares of worth about $16.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.56% during that period and on April 10, 2025 the price saw a loss of about -8.39%. Currently the company’s common shares owned by public are about 151.95M shares, out of which, 149.54M shares are available for trading.

Stock saw a price change of -6.32% in past 5 days and over the past one month there was a price change of -31.18%. Year-to-date (YTD), ARRY shares are showing a performance of -31.29% which decreased to -71.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.76 but also hit the highest price of $14.85 during that period. The average intraday trading volume for Array Technologies Inc shares is 5.14 million. The stock is currently trading -19.17% below its 20-day simple moving average (SMA20), while that difference is down -30.71% for SMA50 and it goes to -40.63% lower than SMA200.

Array Technologies Inc (NASDAQ: ARRY) currently have 151.95M outstanding shares and institutions hold larger chunk of about 119.50% of that.

The stock has a current market capitalization of $630.85M and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$1.95 in the same period. It has Quick Ratio of 1.82 while making debt-to-equity ratio of 2.42. 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 13.63% while standing at 7.80% over the month.

Stock’s fiscal year EPS is expected to rise by 163.46% while it is estimated to increase by 17.03% 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 RBC Capital Mkts on March 17, 2025 offering a Sector perform rating for the stock and assigned a target price of $7 to it. Coverage by Guggenheim stated Array Technologies Inc (ARRY) stock as a Buy in their note to investors on March 07, 2025, suggesting a price target of $10 for the stock. Stock get a Neutral rating from Exane BNP Paribas on February 06, 2025.

Most Popular

Related Posts