Array Technologies Inc (NASDAQ: ARRY) is -34.02% lower on its value in year-to-date trading and has touched a low of $3.76 and a high of $11.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARRY stock was last observed hovering at around $6.82 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $7.06, the stock is 0.41% and -2.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.23 million and changing 3.52% at the moment leaves the stock 10.91% off its SMA200. ARRY registered 16.89% gain for a year compared to 6-month gain of -1.26%. The firm has a 50-day simple moving average (SMA 50) of $7.2113 and a 200-day simple moving average (SMA200) of $6.3658.
The stock witnessed a -4.59% loss in the last 1 month and extending the period to 3 months gives it a 68.90%, and is -4.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 7.15% over the month.
Array Technologies Inc (ARRY) has around 1021 employees, a market worth around $1.08B and $1.06B in sales. Fwd P/E is 3.82. Profit margin for the company is -26.52%. Distance from 52-week low is 87.77% and -39.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.17%).
The EPS is expected to grow by 163.46% this year.
Array Technologies Inc (ARRY) Top Institutional Holders
355.0 institutions hold shares in Array Technologies Inc (ARRY), with institutional investors hold 114.00% of the company’s shares. The shares outstanding are 152.51M, and float is at 149.91M with Short Float at 19.25%. Institutions hold 113.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.25 million shares valued at $156.44 million. The investor’s holdings represent 10.0449% of the ARRY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.98 million shares valued at $143.49 million to account for 9.213 of the shares outstanding. The other top investors are HILL CITY CAPITAL, LP which holds 13.32 million shares representing 8.7718% and valued at over $136.62 million, while SCHRODER INVESTMENT MANAGEMENT GROUP holds 5.0149 of the shares totaling 7.61 million with a market value of $78.1 million.
Array Technologies Inc (ARRY) Insider Activity
The most recent transaction is an insider purchase by Manning Neil, the company’s President & COO. SEC filings show that Manning Neil bought 5,700 shares of the company’s common stock on Dec 16 ’24 at a price of $5.21 per share for a total of $29697.0. Following the purchase, the insider now owns 29366.0 shares.
Array Technologies Inc disclosed in a document filed with the SEC on Nov 15 ’24 that Hostetler Kevin G. (Chief Executive Officer) bought a total of 14,430 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $6.93 per share for $0.1 million. Following the transaction, the insider now directly holds 0.22 million shares of the ARRY stock.
