In the past week, ARRY stock has gone up by 10.20%, with a monthly gain of 9.01% and a quarterly surge of 6.53%. The volatility ratio for the week is 7.02%, and the volatility levels for the last 30 days are 9.03% for Array Technologies Inc The simple moving average for the last 20 days is 5.95% for ARRY stock, with a simple moving average of -31.13% for the last 200 days.
Is It Worth Investing in Array Technologies Inc (NASDAQ: ARRY) Right Now?
The 36-month beta value for ARRY is also noteworthy at 1.60. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ARRY is 149.40M, and at present, short sellers hold a 19.85% of that float. The average trading volume of ARRY on November 26, 2024 was 6.45M shares.
ARRY) stock’s latest price update
The stock price of Array Technologies Inc (NASDAQ: ARRY) has surged by 5.88 when compared to previous closing price of 6.63, but the company has seen a 10.20% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that ALBUQUERQUE, N.M., Nov. 18, 2024 (GLOBE NEWSWIRE) — ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker technology, is proud to announce its strategic $3 million investment in Swap Robotics, a pioneer in utility-scale solar robotic operations, maintenance, and automation solutions.
Analysts’ Opinion of ARRY
Many brokerage firms have already submitted their reports for ARRY stocks, with TD Cowen repeating the rating for ARRY by listing it as a “Hold.” The predicted price for ARRY in the upcoming period, according to TD Cowen is $10 based on the research report published on November 08, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to ARRY, setting the target price at $7 in the report published on November 07th of the current year.
ARRY Trading at 6.17% 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 -65.16% of loss for the given period.
Volatility was left at 9.03%, however, over the last 30 days, the volatility rate increased by 7.02%, as shares surge +5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.
During the last 5 trading sessions, ARRY rose by +10.20%, which changed the moving average for the period of 200-days by -53.88% in comparison to the 20-day moving average, which settled at $6.63. In addition, Array Technologies Inc saw -58.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARRY starting from Hostetler Kevin G., who purchase 14,430 shares at the price of $6.93 back on Nov 15 ’24. After this action, Hostetler Kevin G. now owns 216,802 shares of Array Technologies Inc, valued at $100,038 using the latest closing price.
Hottinger Tyson, the Former Officer of Array Technologies Inc, proposed sale 31,853 shares at $6.28 during a trade that took place back on Nov 12 ’24, which means that Hottinger Tyson is holding shares at $200,103 based on the most recent closing price.
Stock Fundamentals for ARRY
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.28 for the gross margin
The net margin for Array Technologies Inc stands at -0.09. The total capital return value is set at -0.05. Equity return is now at value -17.54, with -5.63 for asset returns.
Based on Array Technologies Inc (ARRY), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.48. The interest coverage ratio of the stock is -1.56.
Currently, EBITDA for the company is 276.21 million with net debt to EBITDA at -23.37. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 3.48for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In summary, Array Technologies Inc (ARRY) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
