How Is The Array Technologies Inc (NASDAQ: ARRY) Performance Outlook For The Coming Months?

Array Technologies Inc (NASDAQ:ARRY) has a beta value of 1.66 and has seen 1.7 million shares traded in the recent trading session. The company, currently valued at $1.49B, closed the recent trade at $9.81 per share which meant it gained $0.24 on the day or 2.56% during that session. The ARRY stock price is -171.56% off its 52-week high price of $26.64 and 2.96% above the 52-week low of $9.52. The 3-month trading volume is 5.59 million shares.

Array Technologies Inc (NASDAQ:ARRY) trade information

Sporting 2.56% in the green today, the stock has traded in the red over the last five days, when the ARRY stock price touched $9.81 or saw a rise of 9.59%. Year-to-date, Array Technologies Inc shares have moved -41.58%, while the 5-day performance has seen it change -8.36%. Over the past 30 days, the shares of Array Technologies Inc (NASDAQ:ARRY) have changed -30.78%.

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Array Technologies Inc (ARRY) estimates and forecasts

Figures show that Array Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -41.58% over the past 6 months, with this year growth rate of -3.20%, compared to -6.80% for the industry. Revenue growth from the last financial year stood is estimated to be -16.30%.

21 analysts offering their estimates for the company have set an average revenue estimate of 232.64M for the current quarter. 21 have an estimated revenue figure of 421.36M for the next ending quarter. Year-ago sales stood 507.73M and 374.57M respectively for this quarter and the next, and analysts expect sales will shrink by -54.20% for the current quarter and -16.30% for the next.

Earnings growth for 2024 is a modest -3.08% while over the next 5 years, the company’s earnings are expected to increase by 9.30%.

ARRY Dividends

Array Technologies Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.