Array Technologies Inc [ARRY] stock prices are down -10.22% to $6.85 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ARRY shares have gain 13.41% over the last week, with a monthly amount glided 2.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Array Technologies Inc [NASDAQ: ARRY] stock has seen the most recent analyst activity on November 08, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $10 from $11.50. Previously, Guggenheim downgraded its rating to Neutral on November 07, 2024. On November 07, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $7 on the stock. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $11.50 on August 09, 2024. ROTH MKM downgraded its rating to Neutral for this stock on August 09, 2024, and downed its price target to $8. In a note dated July 12, 2024, Citigroup upgraded an Buy rating on this stock and revised its target price from $17 to $14.
The stock price of Array Technologies Inc [ARRY] has been fluctuating between $5.56 and $20.15 over the past year. Currently, Wall Street analysts expect the stock to reach $15.53 within the next 12 months. Array Technologies Inc [NASDAQ: ARRY] shares were valued at $6.85 at the most recent close of the market. An investor can expect a potential return of 126.72% based on the average ARRY price forecast.
Analyzing the ARRY fundamentals
The Array Technologies Inc [NASDAQ:ARRY] reported sales of 982.19M for trailing twelve months, representing a drop of -33.97%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.16 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.54 points at the first support level, and at 6.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.45, and for the 2nd resistance point, it is at 8.06.
Ratios To Look Out For
It’s worth pointing out that Array Technologies Inc [NASDAQ:ARRY]’s Current Ratio is 2.41. On the other hand, the Quick Ratio is 1.88, and the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 16.14.
Transactions by insiders
Recent insider trading involved Hottinger Tyson, Former Officer, that happened on Nov 12 ’24 when 31853.0 shares were purchased. Chief Executive Officer, Hostetler Kevin G. completed a deal on Mar 20 ’24 to sell 8176.0 shares.
