Array Technologies Inc (NASDAQ: ARRY) open the trading on Thursday, with great promise as it jumped 0.36% to $11.16, before settling in for the price of $11.12 at the close. Taking a more long-term approach, ARRY posted a 52-week range of $9.34-$26.64.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 48.69%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -4.40%. This publicly-traded company’s shares outstanding now amounts to $151.24 million, simultaneously with a float of $149.15 million. The organization now has a market capitalization sitting at $1.69 billion. At the time of writing, stock’s 50-day Moving Average stood at $11.80, while the 200-day Moving Average is $14.09.
Array Technologies Inc (ARRY) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Solar industry. Array Technologies Inc’s current insider ownership accounts for 1.72%, in contrast to 127.34% institutional ownership. According to the most recent insider trade that took place on Mar 20 ’24, this organization’s Chief Executive Officer sold 8,176 shares at the rate of 12.30, making the entire transaction reach 100,565 in total value, affecting insider ownership by 217,352. Preceding that transaction, on Sep 01 ’23, Company’s Chief Legal Officer sold 7,500 for 25.04, making the whole transaction’s value amount to 187,825. This particular insider is now the holder of 69,618 in total.
Array Technologies Inc (ARRY) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 3/31/2024 suggests? It has posted 0.47 earnings per share (EPS) beating the forecaster’s viewpoint (set at 0.18) by 0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.
Array Technologies Inc’s EPS decrease for this current 12-month fiscal period is -4.40% and is forecasted to reach 1.58 in the upcoming year.
Array Technologies Inc (NASDAQ: ARRY) Trading Performance Indicators
Let’s observe the current performance indicators for Array Technologies Inc (ARRY). It’s Quick Ratio in the last reported quarter now stands at 2.10. The Stock has managed to achieve an average true range (ATR) of 0.72. Alongside those numbers, its PE Ratio stands at $29.92, and its Beta score is 1.64. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.25. Similarly, its price to free cash flow for trailing twelve months is now 7.76.
In the same vein, ARRY’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.37, a figure that is expected to reach 0.11 in the next quarter, and analysts are predicting that it will be 1.58 at the market close of one year from today.
Technical Analysis of Array Technologies Inc (ARRY)
[Array Technologies Inc, ARRY] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 46.21% While, its Average True Range was 0.70.
Raw Stochastic average of Array Technologies Inc (ARRY) in the period of the previous 100 days is set at 30.28%, which indicates a major fall in contrast to 66.54% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 70.52% that was higher than 63.99% volatility it exhibited in the past 100-days period.