In last trading session, Array Technologies, Inc. (NASDAQ:ARRY) saw 1,579,640 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $48.46 trading at -$1.04 or -2.1% at ring of the bell on the day assigns it a market valuation of $6.15 Billion. That closing price of ARRY’s stock is at a discount of -13.04% from its 52-week high price of $54.78 and is indicating a premium of 40.05% from its 52-week low price of $29.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.96 Million shares which gives us an average trading volume of 3.07 Million if we extend that period to 3-months.

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For Array Technologies, Inc. (ARRY), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.5. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.06 in the current quarter.

Array Technologies, Inc. (NASDAQ:ARRY) trade information

Wall Street analysts have assigned a consensus price target of $47.85 to the stock, which implies targetted prices is already lagging behind -1.26% to its current value. Analysts have been projecting $37 as a low price target for the stock while placing it at a high target of $60. It follows that stock’s current price would jump +23.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.65% for stock’s current value.

Array Technologies, Inc. (ARRY) estimates and forecasts

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $164.23 Million for the same. And 8 analysts are in estimates of company making revenue of $279.01 Million in the next quarter that will end on March 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 165.4% while estimates for its earnings growth in next 5 years are of 19.83%

Array Technologies, Inc. (NASDAQ:ARRY)’s Major holders

Insiders are in possession of 21.97% of company’s total shares while institution are holding 77.67% percent of that, with stock having share float percentage of 99.54%. Investors also watch the number of corporate investors in a company very closely, which is 38 institutions for Array Technologies, Inc. that are currently holding shares of the company. Axel Capital Management, LLC is the top institutional holder at ARRY for having 110Thousand shares of worth $4.75 Million. And as of December 30, 2020, it was holding 0.09% of the company’s outstanding shares.

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On the other hand, Fidelity Balanced Fund and Fidelity Blue Chip Growth Fund are the top two Mutual Funds which own company’s shares. As of November 29, 2020, the former fund manager was holding 2498727 shares of worth $113.89 Million or 1.97% of the total outstanding shares. The later fund manager was in possession of 2.11 Million shares on November 29, 2020, making its stake of worth around $96.11 Million in the company or a holder of 1.66% of company’s stock.


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