On Monday, Array Technologies Inc (NASDAQ: ARRY) opened lower -3.94% from the last session, before settling in for the closing price of $7.1. Price fluctuations for ARRY have ranged from $3.76 to $11.69 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 163.46% at the time writing. With a float of $149.91 million, this company’s outstanding shares have now reached $152.51 million.
In an organization with 1021 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 29.13%, operating margin of -19.5%, and the pretax margin is -21.67%.
Array Technologies Inc (ARRY) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Array Technologies Inc is 1.73%, while institutional ownership is 110.09%. 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 0.17 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
Check out the current performance indicators for Array Technologies Inc (ARRY). In the past quarter, the stock posted a quick ratio of 1.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98. Likewise, its price to free cash flow for the trailing twelve months is 12.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.86, a number that is poised to hit 0.18 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 5.24 million. That was inferior than the volume of 6.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.04%.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 59.88%, which indicates a significant increase from 48.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.49 in the past 14 days, which was higher than the 0.48 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.18, while its 200-day Moving Average is $6.36.
