In today’s recent session, 1.55 million shares of the Array Technologies Inc (NASDAQ:ARRY) have been traded, and its beta is 1.73. Most recently the company’s share price was $11.52, and it changed around $0.25 or 2.26% from the last close, which brings the market valuation of the company to $1.75B. ARRY at last check was trading at a discount to its 52-week high of $26.64, offering almost -131.25% off that amount. The share price’s 52-week low was $10.82, which indicates that the recent value has risen by an impressive 6.08% since then. We note from Array Technologies Inc’s average daily trading volume that its 3-month average coming to 5.81 million.
Array Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended ARRY as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Array Technologies Inc is expected to report earnings per share of $Array Technologies, Inc. for the current quarter.
Array Technologies Inc (NASDAQ:ARRY) trade information
Instantly ARRY has been showing a green trend so far today with a performance of 2.26% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -31.40% year-to-date, but still down -5.07% over the last five days. On the other hand, Array Technologies Inc (NASDAQ:ARRY) is -17.86% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $21, which translates to bulls needing to increase their stock price by 45.14% from its current value. Analyst projections state that ARRY is forecast to be at a low of $13 and a high of $30.
Array Technologies Inc (ARRY) estimates and forecasts
Array Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.97 percent over the past six months and at a -6.19% annual growth rate that is well above the industry average of -9.70%. Array Technologies Inc earnings are expected to increase by -8.11% in 2024, but the outlook is positive 14.80% per year for the next five years.
