Array Technologies Inc [NASDAQ: ARRY] gained 2.12% or 0.14 points to close at $6.75 with a heavy trading volume of 4372351 shares.
The daily chart for ARRY points out that the company has recorded -39.35% loss over the past six months.
If we look at the average trading volume of 6.68M shares, ARRY reached to a volume of 4372351 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Array Technologies Inc [ARRY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARRY shares is $9.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARRY stock is a recommendation set at 2.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Array Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $11.50 to $10. The new note on the price target was released on November 08, 2024, representing the official price target for Array Technologies Inc stock. On November 07, 2024, analysts decreased their price target for ARRY shares from 11 to 7.
The Average True Range (ATR) for Array Technologies Inc is set at 0.44, with the Price to Sales ratio for ARRY stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 15.90, with the Price to Cash per share for the same quarter was set at 2.19. Price to Free Cash Flow for ARRY in the course of the last twelve months was 5.72 with Quick ratio for the last quarter at 1.88.
Trading performance analysis for ARRY stock
Array Technologies Inc [ARRY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.66. With this latest performance, ARRY shares gained by 18.42% in over the last four-week period, additionally sinking by -39.35% over the last 6 months – not to mention a drop of -52.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARRY stock in for the last two-week period is set at 57.68, with the RSI for the last a single of trading hit 61.33, and the three-weeks RSI is set at 54.82 for Array Technologies Inc [ARRY]. The present Moving Average for the last 50 days of trading for this stock 6.32, while it was recorded at 6.65 for the last single week of trading, and 9.01 for the last 200 days.
Array Technologies Inc [ARRY]: A deeper dive into fundamental analysis
Array Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.88 and a Current Ratio set at 2.41.
Array Technologies Inc [ARRY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARRY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Array Technologies Inc go to 11.91%.
An analysis of Institutional ownership at Array Technologies Inc [ARRY]
There are presently around $125.61%, or 125.97%% of ARRY stock, in the hands of institutional investors. The top three institutional holders of ARRY stocks are: BLACKROCK INC. with ownership of 15.25 million shares, which is approximately 10.0745%. VANGUARD GROUP INC, holding 13.98 million shares of the stock with an approximate value of $$143.49 million in ARRY stocks shares; and VANGUARD GROUP INC, currently with $$136.62 million in ARRY stock with ownership which is approximately 8.7977%.
