On Monday, Array Technologies Inc (NASDAQ: ARRY) was -6.69% drop from the session before settling in for the closing price of $5.53. A 52-week range for ARRY has been $5.39 – $20.15.
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Annual sales at Technology sector company grew by 48.69% over the past five years. When this article was written, the company’s average yearly earnings per share was at -45.86%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Array Technologies Inc stocks. 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 -45.86% per share during the next fiscal year.
Array Technologies Inc (NASDAQ: ARRY) Trading Performance Indicators
You can see what Array Technologies Inc (ARRY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.80. Likewise, its price to free cash flow for the trailing twelve months is 4.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.98, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.80 in one year’s time.
Technical Analysis of Array Technologies Inc (ARRY)
Array Technologies Inc (NASDAQ: ARRY) saw its 5-day average volume 6.19 million, a positive change from its year-to-date volume of 6.01 million. As of the previous 9 days, the stock’s Stochastic %D was 4.40%. Additionally, its Average True Range was 0.46.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 0.15%, which indicates a significant decrease from 0.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.68% in the past 14 days, which was lower than the 93.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.48, while its 200-day Moving Average is $9.62. Nevertheless, the first resistance level for the watch stands at $5.37 in the near term. At $5.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.69. If the price goes on to break the first support level at $5.05, it is likely to go to the next support level at $4.94. The third support level lies at $4.73 if the price breaches the second support level.
Array Technologies Inc (NASDAQ: ARRY) Key Stats
There are 151,943K outstanding shares of the company, which has a market capitalization of 786.87 million. As of now, sales total 1,577 M while income totals 137,240 K. Its latest quarter income was 231,410 K while its last quarter net income were -141,350 K.
