At the time of writing, Array Technologies Inc [ARRY] stock is trading at $7.30, up 3.99%. 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 9.28% over the last week, with a monthly amount glided 8.31%, and 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 January 10, 2025, when Susquehanna downgraded its rating to a Neutral but kept the price target unchanged to $7 for it. Previously, TD Cowen reaffirmed its Hold rating on November 08, 2024, and dropped its price target to $10. On November 07, 2024, downgrade downgraded it’s rating to Neutral. BofA Securities downgraded its rating to a Neutral and decreased its price target to $7 on November 07, 2024. TD Cowen reiterated a Hold rating for this stock on August 09, 2024, and downed its price target to $11.50. In a note dated August 09, 2024, ROTH MKM downgraded an Neutral rating on this stock and revised its target price from $20 to $8.
For the past year, the stock price of Array Technologies Inc fluctuated between $5.15 and $16.22. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Array Technologies Inc [NASDAQ: ARRY] shares were valued at $7.30 at the most recent close of the market. An investor can expect a potential return of 57.53% based on the average ARRY price forecast.
Analyzing the ARRY fundamentals
According to Array Technologies Inc [NASDAQ:ARRY], the company’s sales were 982.19M for trailing twelve months, which represents an -33.97% plunge. 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 6.93 points at the first support level, and at 6.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.62, and for the 2nd resistance point, it is at 7.94.
Ratios To Look Out For
It is important to note that Array Technologies Inc [NASDAQ:ARRY] has a current ratio of 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 1.13, the price to book ratio is 17.20.
Transactions by insiders
Recent insider trading involved Manning Neil, President & COO, that happened on Dec 16 ’24 when 5700.0 shares were purchased. Chief Executive Officer, Hostetler Kevin G. completed a deal on Nov 15 ’24 to buy 14430.0 shares. Meanwhile, Former Officer Hottinger Tyson bought 31853.0 shares on Nov 12 ’24.
