Array Technologies Inc [NASDAQ: ARRY] stock went on a downward path that fall over -4.52% on Thursday, amounting to a one-week price decrease of less than -5.07%.
Over the last 12 months, ARRY stock dropped by -51.12%. The one-year Array Technologies Inc stock forecast points to a potential upside of 33.03. The average equity rating for ARRY stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $995.23 million, with 151.93 million shares outstanding and 149.43 million shares in the current float. Compared to the average trading volume of 5.18M shares, ARRY stock reached a trading volume of 5154114 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.78 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 2.00. 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.
Exane BNP Paribas have made an estimate for Array Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 06, 2025. The new note on the price target was released on January 10, 2025, representing the official price target for Array Technologies Inc stock. Previously, the target price had yet another drop from $11.50 to $10, while TD Cowen kept a Hold rating on ARRY stock.
The Average True Range (ATR) for Array Technologies Inc is set at 0.47, with the Price to Sales ratio for ARRY stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 15.43, 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 5.55 with Quick ratio for the last quarter at 1.88.
ARRY Stock Performance Analysis:
Array Technologies Inc [ARRY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.07. With this latest performance, ARRY shares dropped by -1.95% in over the last four-week period, additionally sinking by -4.93% over the last 6 months – not to mention a drop of -51.12% 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 45.96, with the RSI for the last a single of trading hit 43.06, and the three-weeks RSI is set at 47.74 for Array Technologies Inc [ARRY]. The present Moving Average for the last 50 days of trading for this stock 6.60, while it was recorded at 6.66 for the last single week of trading, and 8.10 for the last 200 days.
Insight into Array Technologies Inc Fundamentals:
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.
ARRY Stock EPS
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 20.14%.
Array Technologies Inc [ARRY] Institutonal Ownership Details
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 8.7718%.
