Array Technologies Inc (NASDAQ: ARRY) on Monday, soared 8.35% from the previous trading day, before settling in for the closing price of $5.63. Within the past 52 weeks, ARRY’s price has moved between $5.15 and $17.75.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 48.69%. The company achieved an average annual earnings per share of -46.01%. With a float of $149.40 million, this company’s outstanding shares have now reached $151.93 million.
Considering the fact that the conglomerate employs 1028 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
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 119.74%. The most recent insider transaction that took place on Dec 16 ’24, was worth 29,697. In this transaction President & COO of this company bought 5,700 shares at a rate of $5.21, taking the stock ownership to the 29,366 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Chief Executive Officer bought 14,430 for $6.93, making the entire transaction worth $100,038. This insider now owns 216,802 shares in total.
Array Technologies Inc (ARRY) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -46.01% 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 0.18 in the next quarter and is forecasted to reach 1.58 in one year’s time.
Technical Analysis of Array Technologies Inc (ARRY)
Compared to the last year’s volume of 6.03 million, its volume of 7.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.14%. Additionally, its Average True Range was 0.46.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 20.52%, which indicates a significant decrease from 73.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.56% in the past 14 days, which was lower than the 95.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.37, while its 200-day Moving Average is $9.44. Nevertheless, the first resistance level for the watch stands at $6.27 in the near term. At $6.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.76. If the price goes on to break the first support level at $5.78, it is likely to go to the next support level at $5.47. Now, if the price goes above the second support level, the third support stands at $5.30.
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.
