Array Technologies Inc (NASDAQ: ARRY) on Monday, soared 8.54% from the previous trading day, before settling in for the closing price of $5.62. Within the past 52 weeks, ARRY’s price has moved between $5.56 and $20.15.
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Annual sales at Technology sector company grew by 48.69% over the past five years. The company achieved an average annual earnings per share of -45.55%. With a float of $149.40 million, this company’s outstanding shares have now reached $151.93 million.
Let’s look at the performance matrix of the company that is accounted for 1028 employees. In terms of profitability, gross margin is 28.05%, operating margin of -5.49%, and the pretax margin is -7.96%.
Array Technologies Inc (ARRY) Insider and Institutional Ownership
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Array Technologies Inc is 1.67%, while institutional ownership is 119.77%. The most recent insider transaction that took place on Nov 15 ’24, was worth 100,038. In this transaction Chief Executive Officer of this company bought 14,430 shares at a rate of $6.93, taking the stock ownership to the 216,802 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Former Officer proposed sale 31,853 for $6.28, making the entire transaction worth $200,103.
Array Technologies Inc (ARRY) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -45.55% per share during the next fiscal year.
Array Technologies Inc (NASDAQ: ARRY) Trading Performance Indicators
Array Technologies Inc (ARRY) is currently performing well based on its current performance indicators. A quick ratio of 1.88 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94. Likewise, its price to free cash flow for the trailing twelve months is 5.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.98, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.82 in one year’s time.
Technical Analysis of Array Technologies Inc (ARRY)
Array Technologies Inc (NASDAQ: ARRY) saw its 5-day average volume 6.63 million, a positive change from its year-to-date volume of 6.0 million. As of the previous 9 days, the stock’s Stochastic %D was 13.60%. Additionally, its Average True Range was 0.52.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 9.77%, which indicates a significant decrease from 34.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.80% in the past 14 days, which was lower than the 92.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.58, while its 200-day Moving Average is $9.83. Nevertheless, the first resistance level for the watch stands at $6.36 in the near term. At $6.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.06. If the price goes on to break the first support level at $5.67, it is likely to go to the next support level at $5.23. The third support level lies at $4.97 if the price breaches the second support level.
Array Technologies Inc (NASDAQ: ARRY) Key Stats
Market capitalization of the company is 926.85 million based on 151,943K outstanding shares. Right now, sales total 1,577 M and income totals 137,240 K. The company made 231,410 K in profit during its latest quarter, and -141,350 K in sales during its previous quarter.
