During the last session, Array Technologies Inc (NASDAQ:ARRY)’s traded shares were 3.54 million, with the beta value of the company hitting 1.69. At the end of the trading day, the stock’s price was $11.94, reflecting an intraday loss of -2.37% or -$0.29. The 52-week high for the ARRY share is $26.64, that puts it down -123.12 from that peak though still a striking 9.38% gain since the share price plummeted to a 52-week low of $10.82. The company’s market capitalization is $1.81B, and the average trade volume was 5.79 million shares over the past three months.
Array Technologies Inc (NASDAQ:ARRY) trade information
Array Technologies Inc (ARRY) registered a -2.37% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.37% in intraday trading to $11.94, hitting a weekly high. The stock’s 5-day price performance is 8.84%, and it has moved by -15.44% in 30 days. Based on these gigs, the overall price performance for the year is -43.22%.
Array Technologies Inc (ARRY) estimates and forecasts
Statistics show that Array Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Array Technologies Inc (ARRY) shares have gone down -35.00% during the last six months, with a year-to-date growth rate more than the industry average at -6.19% against -10.00. In the rating firms’ projections, revenue will decrease -15.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 140.11M as predicted by 22 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to 266.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 376.77M and 507.73M respectively. In this case, analysts expect current quarter sales to shrink by -62.80% and then drop by -47.50% in the coming quarter.
While earnings are projected to return -8.11% in 2024, the next five years will return 14.80% per annum.
ARRY Dividends
Array Technologies Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
