Array Technologies Inc. (NASDAQ:ARRY) went up by 8.81% from its latest closing price compared to the recent 1-year high of $27.67. The company’s stock price has collected 13.12% of gains in the last five trading sessions. Barron’s reported on 04/06/22 that Array Technologies Stock Rises on Record Order Book, Upbeat Guidance
Is It Worth Investing in Array Technologies Inc. (NASDAQ :ARRY) Right Now?
Opinions of the stock are interesting as 8 analysts out of 13 who provided ratings for Array Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $16.42, which is $1.84 above the current price. ARRY currently public float of 140.41M and currently shorts hold a 14.32% ratio of that float. Today, the average trading volume of ARRY was 5.28M shares.
ARRY’s Market Performance
ARRY stocks went up by 13.12% for the week, with a monthly jump of 45.70% and a quarterly performance of 2.85%, while its annual performance rate touched -12.95%. The volatility ratio for the week stands at 9.41% while the volatility levels for the past 30 days are set at 8.97% for Array Technologies Inc. The simple moving average for the period of the last 20 days is 15.45% for ARRY stocks with a simple moving average of -2.69% for the last 200 days.
Analysts’ Opinion of ARRY
Northland Capital, on the other hand, stated in their research note that they expect to see ARRY reach a price target of $18. The rating they have provided for ARRY stocks is “Outperform” according to the report published on May 23rd, 2022.
ROTH Capital gave a rating of “Neutral” to ARRY, setting the target price at $7 in the report published on May 11th of the current year.
ARRY Trading at 43.94% from the 50-Day Moving Average
After a stumble in the market that brought ARRY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.45% of loss for the given period.
Volatility was left at 8.97%, however, over the last 30 days, the volatility rate increased by 9.41%, as shares surge +48.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.62% upper at present.
During the last 5 trading sessions, ARRY rose by +13.12%, which changed the moving average for the period of 200-days by -30.48% in comparison to the 20-day moving average, which settled at $12.10. In addition, Array Technologies Inc. saw -12.62% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ARRY starting from Brinker Erica, who sale 3,975 shares at the price of $12.53 back on Jun 22. After this action, Brinker Erica now owns 66,481 shares of Array Technologies Inc., valued at $49,811 using the latest closing price.
Hottinger Tyson, the Chief Legal Officer of Array Technologies Inc., sale 6,442 shares at $14.00 during a trade that took place back on Jun 09, which means that Hottinger Tyson is holding 84,047 shares at $90,169 based on the most recent closing price.
Stock Fundamentals for ARRY
Current profitability levels for the company are sitting at:
- -2.58 for the present operating margin
- +6.91 for the gross margin
The net margin for Array Technologies Inc. stands at -5.91.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.47.