The stock of Array Technologies Inc (ARRY) has gone up by 8.21% for the week, with a -15.78% drop in the past month and a -26.90% drop in the past quarter. The volatility ratio for the week is 5.13%, and the volatility levels for the past 30 days are 6.62% for ARRY. The simple moving average for the last 20 days is -8.88% for ARRY stock, with a simple moving average of -26.34% for the last 200 days.
Is It Worth Investing in Array Technologies Inc (NASDAQ: ARRY) Right Now?
Array Technologies Inc (NASDAQ: ARRY) has a price-to-earnings ratio of 39.52x that is above its average ratio. Additionally, the 36-month beta value for ARRY is 1.69. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for ARRY is $27.48, which is $12.32 above the current price. The public float for ARRY is 146.64M and currently, short sellers hold a 12.97% ratio of that float. The average trading volume of ARRY on November 20, 2023 was 5.16M shares.
ARRY) stock’s latest price update
The stock of Array Technologies Inc (NASDAQ: ARRY) has decreased by -0.39 when compared to last closing price of 15.22. Despite this, the company has experienced a 8.21% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-14 that In the dynamic stock market, the most lucrative opportunities often arise from the unexpected. This article delves into the strategies of three under the radar stocks to watch quietly making waves in their respective industries, poised to unleash substantial growth.
Analysts’ Opinion of ARRY
Many brokerage firms have already submitted their reports for ARRY stocks, with Exane BNP Paribas repeating the rating for ARRY by listing it as a “Neutral.” The predicted price for ARRY in the upcoming period, according to Exane BNP Paribas is $21 based on the research report published on October 20, 2023 of the current year 2023.
ARRY Trading at -23.71% 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 -43.09% of loss for the given period.
Volatility was left at 6.62%, however, over the last 30 days, the volatility rate increased by 5.13%, as shares sank -13.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.30% lower at present.
During the last 5 trading sessions, ARRY rose by +8.21%, which changed the moving average for the period of 200-days by -25.02% in comparison to the 20-day moving average, which settled at $16.52. In addition, Array Technologies Inc saw -21.57% 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 Hottinger Tyson, who sale 7,500 shares at the price of $25.04 back on Sep 01. After this action, Hottinger Tyson now owns 69,618 shares of Array Technologies Inc, valued at $187,825 using the latest closing price.
Patel Nipul M., the Chief Financial Officer of Array Technologies Inc, sale 54,593 shares at $23.12 during a trade that took place back on Aug 14, which means that Patel Nipul M. is holding 82,827 shares at $1,262,190 based on the most recent closing price.
Stock Fundamentals for ARRY
Current profitability levels for the company are sitting at:
- -1.04 for the present operating margin
- +7.82 for the gross margin
The net margin for Array Technologies Inc stands at +0.27. The total capital return value is set at -1.62, while invested capital returns managed to touch 0.43. Equity return is now at value 22.55, with 6.29 for asset returns.
Based on Array Technologies Inc (ARRY), the company’s capital structure generated 183.90 points at debt to equity in total, while total debt to capital is 64.78. Total debt to assets is 45.69, with long-term debt to equity ratio resting at 590.80. Finally, the long-term debt to capital ratio is 61.02.
When we switch over and look at the enterprise to sales, we see a ratio of 1.79, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 4.89 and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
In conclusion, Array Technologies Inc (ARRY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.