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Array Technologies (ARRY)
NASDAQ:ARRY
Array Technologies (ARRY) Stock Price & Analysis
1,195 Followers
ARRY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.82 - $26.64
Previous Close$12.76
Volume15.08M
Average Volume (3M)5.97M
Market Cap
$1.94B
Enterprise Value$2.37B
Total Cash (Recent Filing)$249.08M
Total Debt (Recent Filing)$682.42M
Price to Earnings (P/E)34.2
Beta1.99
Next Earnings
Aug 06, 2024EPS Estimate
$0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.37
Shares Outstanding151,288,159
10 Day Avg. Volume6,547,104
30 Day Avg. Volume5,971,382
Standard Deviation0.23
R-Squared0.14
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-3.59
Price to Sales (P/S)1.22
Price to Cash Flow (P/CF)5.00
P/FCF Ratio4.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.50
Enterprise Value/Gross Profit5.70
Enterprise Value/Ebitda13.75
Forecast
1Y Price Target
$18.69Price Target Upside46.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst maintains a Market Perform rating based on ARRY's record high backlog and potential for low 30% gross margin sustainability.
Innovation And Market DemandArray Technologies is acknowledged as a well-established player within the solar tracking sector, with significant patent protection on its technology and as the only supplier of single-row trackers in the market.
Market PositionManagement's commentary on modest ASP declines suggests a competitive edge over other companies facing larger drops.
Bears Say
Financial PerformanceShares of ARRY materially underperformed both the index NEX and its closest peer NXT due to inconsistent earnings results, mixed commentary, and overall negative sentiment following accounting issues, an equity raise, and management rotation.
Market Share ConcernsAnalyst is concerned by a projected -16% year-over-year decline in 2024 revenues for ARRY, indicating potential ceding of market share.
Revenue GuidanceThe topline guide for 2024 came in materially below Street estimates, indicating market share losses.
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Ownership Overview
1.11% Insiders
24.86% Mutual Funds
29.97% Other Institutional Investors
44.07% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ARRY FAQ
What was Array Technologies’s price range in the past 12 months?
Array Technologies lowest stock price was $10.82 and its highest was $26.64 in the past 12 months.
What is Array Technologies’s market cap?
Currently, no data Available
When is Array Technologies’s upcoming earnings report date?
Array Technologies’s upcoming earnings report date is Aug 06, 2024 which is in 87 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on May 09, 2024. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of -$0.035 by $0.095.
Is Array Technologies overvalued?
According to Wall Street analysts Array Technologies’s price is currently Undervalued.
Does Array Technologies pay dividends?
Array Technologies does not currently pay dividends.
What is Array Technologies’s EPS estimate?
Array Technologies’s EPS estimate is $0.12.
How many shares outstanding does Array Technologies have?
Array Technologies has 151,726,320 shares outstanding.
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of $0.06 in its last earnings report, beating expectations of -$0.035. Following the earnings report the stock price went up 1.998%.
Which hedge fund is a major shareholder of Array Technologies?
Among the largest hedge funds holding Array Technologies’s share is ACK Asset Management LLC. It holds Array Technologies’s shares valued at 37M.
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Array Technologies Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.69 (46.47% Upside)
$18.69 (46.47% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 969.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $100.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.5%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-31.58%
12-Months-Change
Fundamentals
Return on Equity
19.64%
Trailing 12-Months
Asset Growth
-9.19%
Trailing 12-Months
Company Description
Array Technologies
Array Technologies Inc manufacturers of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in United States, Australia, and Rest of the World with United States deriving majority of the revenue.
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ARRY Company Deck
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ARRY Earnings Call
Q1 2024
0:00 / 0:00
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ARRY Stock 12 Month Forecast
Average Price Target
$18.69
▲(46.47% Upside)
Technical Analysis
Best Analysts Covering ARRY
1 Year
1 Year Success Rate
3/8 ratings generated profit
1 Year Average Return
+21.07%
reiterated a buy rating last month
Copying Joseph Osha's trades and holding each position for 1 Year would result in 37.50% of your transactions generating a profit, with an average return of +21.07% per trade.
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