Array Technologies Inc (NASDAQ:ARRY) currently has a daily average trading volume of 6.37M but it saw 19681629 shares traded in last market. With a market cap of 941.94M USD, the company’s current market price of $6.20 came rising about 4.38 while comparing to the previous closing price of $5.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.15 and as low as $5.56. In the recent trading on the day, stock has struck highest price mark of $5.95 while lowest mark touched by it was $6.37.
Taking a look at 20-day trading activity of Array Technologies Inc (ARRY) gives us an average price of $6.67, while its current price level is -69.23% below from 52-week high level whereas it is 11.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.60 while that of 200 days or SMA-200 reads an average of $10.61. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.59% during that period while stretching the period over a month that decreases to 6.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.14 which implies that the stock is in neutral territory.
BofA Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 07, 2024 while assigning a price target range of $11-$7. Jefferies issued its recommendations for the stock as it resumed the price target for the stock is $11.
Over the week, ARRY’s stock price is moving -5.05% down while it is -10.27% when we observe its performance for the past one month. Year-to-date it is -63.10% down and over the past year, the stock is showing a downside performance of -65.97%.
Currently, Array Technologies Inc’s total number of outstanding shares is 151.24M. Company’s return on investment (ROI) stands at 1.36% and return on equity (ROE) at 11.83%. It has a price to earnings ratio (P/E ratio) of 56.57 while having a 7.01 of forward P/E ratio. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 4.71 while price to sale or P/S ratio amounts to 0.86. Its return on asset (ROA) is 4.02% on average.
