Array Technologies Inc (NASDAQ: ARRY) started the day on Thursday, with a price increase of 4.38% at $6.20, before settling in for the price of $5.94 at the close. Taking a more long-term approach, ARRY posted a 52-week range of $5.56-$20.15.
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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 -40.24%. This publicly-traded company’s shares outstanding now amounts to $151.24 million, simultaneously with a float of $149.40 million. The organization now has a market capitalization sitting at $941.94 million. At the time of writing, stock’s 50-day Moving Average stood at $6.60, while the 200-day Moving Average is $10.61.
Array Technologies Inc (ARRY) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Solar Industry. Array Technologies Inc’s current insider ownership accounts for 1.66%, in contrast to 117.75% 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.
Array Technologies Inc (ARRY) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
Array Technologies Inc’s EPS decrease for this current 12-month fiscal period is -40.24% 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 2.02. The Stock has managed to achieve an average true range (ATR) of 0.53. Alongside those numbers, its PE Ratio stands at $56.57, and its Beta score is 1.58. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.86. Similarly, its price to free cash flow for trailing twelve months is now 4.60.
In the same vein, ARRY’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.11, a figure that is expected to reach 0.25 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)
If we take a close look at the recent performances of Array Technologies Inc (NASDAQ: ARRY), its last 5-days Average volume was 13.61 million that shows progress from its year to date volume of 5.91 million. During the previous 9 days, stock’s Stochastic %D was recorded 36.89% While, its Average True Range was 0.58.
Raw Stochastic average of Array Technologies Inc (ARRY) in the period of the previous 100 days is set at 8.80%, which indicates a major fall in contrast to 15.94% 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 125.71% that was higher than 89.30% volatility it exhibited in the past 100-days period.
