Array Technologies Inc (NASDAQ: ARRY) is -40.32% lower on its value in year-to-date trading and has touched a low of $3.76 and a high of $12.61 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 $7.54 in the last trading session, with the day’s loss setting it -1.36%.
Currently trading at $6.18M, the stock is 2.05% and 19.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.89 million and changing 8887995% at the moment leaves the stock 17.23% off its SMA200. ARRY registered 22.52% gain for a year compared to 6-month gain of 43.41%. The firm has a 50-day simple moving average (SMA 50) of $6.2143 and a 200-day simple moving average (SMA200) of $6.3125.
The stock witnessed a -3.52% loss in the last 1 month and extending the period to 3 months gives it a 29.82%, and is -0.40% 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 3.64% over the week and 3.52% over the month.
Array Technologies Inc (ARRY) has around 1021 employees, a market worth around $1.13B and $1.06B in sales. Fwd P/E is 9.21. Profit margin for the company is -26.52%. Distance from 52-week low is 96.81% and -41.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.17%).
with sales reaching $292.2M over the same period.The EPS is expected to grow by 3.37% this year, but quarterly earnings will post 21.13% year-over-year. Quarterly sales are estimated to grow 14.25% in year-over-year returns.
Array Technologies Inc (ARRY) Top Institutional Holders
The shares outstanding are 152.51M, and float is at 149.91M with Short Float at 13.99%.
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.
