Array Technologies Inc (NASDAQ: ARRY) kicked off on Tuesday, up 0.49% from the previous trading day, before settling in for the closing price of $6.10. Over the past 52 weeks, ARRY has traded in a range of $4.89-$15.35.
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A company in the Technology sector has jumped its sales by 20.08% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 163.46%. With a float of $149.50 million, this company’s outstanding shares have now reached $151.95 million.
In an organization with 1021 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 30.48%, operating margin of -24.81%, and the pretax margin is -27.36%.
Array Technologies Inc (ARRY) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of Array Technologies Inc is 1.65%, while institutional ownership is 119.35%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 163.46% per share during the next fiscal year.
Array Technologies Inc (NASDAQ: ARRY) Trading Performance Indicators
Take a look at Array Technologies Inc’s (ARRY) current performance indicators. Last quarter, stock had a quick ratio of 1.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02. Likewise, its price to free cash flow for the trailing twelve months is 6.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.95, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 1.85 in one year’s time.
Technical Analysis of Array Technologies Inc (ARRY)
Let’s dig in a bit further. During the last 5-days, its volume was 3.81 million. That was inferior than the volume of 5.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 65.75%. Additionally, its Average True Range was 0.49.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 42.83%, which indicates a significant decrease from 61.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 118.57% in the past 14 days, which was higher than the 93.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.62, while its 200-day Moving Average is $7.68. However, in the short run, Array Technologies Inc’s stock first resistance to watch stands at $6.24. Second resistance stands at $6.36. The third major resistance level sits at $6.52. If the price goes on to break the first support level at $5.96, it is likely to go to the next support level at $5.80. The third support level lies at $5.68 if the price breaches the second support level.
Array Technologies Inc (NASDAQ: ARRY) Key Stats
The company with the Market Capitalisation of 931.84 million has total of 151,943K Shares Outstanding. Its annual sales at the moment are 915,810 K in contrast with the sum of -240,390 K annual income. Company’s last quarter sales were recorded 275,230 K and last quarter income was -126,900 K.
