Currently, Array Technologies Inc [ARRY] is trading at $6.66, down -5.13%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARRY shares have gain 9.18% over the last week, with a monthly amount drifted -0.15%, and not seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $5.56 and a high of $20.15 over the last 52 weeks. 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 $6.66 at the most recent close of the market. An investor can expect a potential return of 133.18% based on the average ARRY price forecast.
Analyzing the ARRY fundamentals
Trailing Twelve Months sales for Array Technologies Inc [NASDAQ:ARRY] were 982.19M which represents -33.97% decline. 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 6.47 points at the first support level, and at 6.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.91, and for the 2nd resistance point, it is at 7.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Array Technologies Inc [NASDAQ:ARRY] is 2.41. Also, the Quick Ratio is 1.88, while the Cash Ratio stands at 0.89. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 15.69.
Transactions by insiders
Recent insider trading involved Hostetler Kevin G., Chief Executive Officer, that happened on Nov 15 ’24 when 14430.0 shares were purchased. Former Officer, Hottinger Tyson completed a deal on Nov 12 ’24 to buy 31853.0 shares. Meanwhile, Chief Executive Officer Hostetler Kevin G. sold 8176.0 shares on Mar 20 ’24.
