A new trading day began on Tuesday, with Array Technologies Inc (NASDAQ: ARRY) stock price down -5.62% from the previous day of trading, before settling in for the closing price of $9.96. ARRY’s price has ranged from $3.76 to $10.47 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged 11.58%. With a float of $150.20 million, this company’s outstanding shares have now reached $152.75 million.
Array Technologies Inc (ARRY) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Array Technologies Inc is 1.67%, while institutional ownership is 133.92%.
Array Technologies Inc (ARRY) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2024, the company reported earnings of 0.16 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.58% per share during the next fiscal year.
Array Technologies Inc (NASDAQ: ARRY) Trading Performance Indicators
Here are Array Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 14.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.61, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.89 in one year’s time.
Technical Analysis of Array Technologies Inc (ARRY)
The latest stats from [Array Technologies Inc, ARRY] show that its last 5-days average volume of 4.45 million was inferior to 6.8 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.21%.
During the past 100 days, Array Technologies Inc’s (ARRY) raw stochastic average was set at 79.01%, which indicates a significant increase from 54.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.58 in the past 14 days, which was lower than the 0.63 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.46, while its 200-day Moving Average is $7.31. Now, the first resistance to watch is $9.81. This is followed by the second major resistance level at $10.22. The third major resistance level sits at $10.43. If the price goes on to break the first support level at $9.18, it is likely to go to the next support level at $8.97. Assuming the price breaks the second support level, the third support level stands at $8.56.
Array Technologies Inc (NASDAQ: ARRY) Key Stats
With a market capitalization of 1.44 billion, the company has a total of 152,748K Shares Outstanding. Currently, annual sales are 915,810 K while annual income is -240,390 K. The company’s previous quarter sales were 393,490 K while its latest quarter income was 33,500 K.
