In the last trading session, 9.12 million shares of the Array Technologies Inc (NASDAQ:ARRY) were traded, and its beta was 1.66. Most recently the company’s share price was $11.76, and it changed around $0.94 or 8.69% from the last close, which brings the market valuation of the company to $1.78B. ARRY currently trades at a discount to its 52-week high of $26.64, offering almost -126.53% off that amount. The share price’s 52-week low was $9.34, which indicates that the current value has risen by an impressive 20.58% since then. We note from Array Technologies Inc’s average daily trading volume that its 3-month average coming to 5.69 million.

Array Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.82. 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 0.11 for the current quarter.

Array Technologies Inc (NASDAQ:ARRY) trade information

Instantly ARRY has showed a green trend with a performance of 8.69% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -30.00% year-to-date, but still up 22.25% over the last five days. On the other hand, Array Technologies Inc (NASDAQ:ARRY) is -10.50% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $18.9, which translates to bulls needing to increase their stock price by 37.78% from its current value. Analyst projections state that ARRY is forecast to be at a low of $14 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 -20.59 percent over the past six months and at a -2.65% annual growth rate that is well above the industry average of -6.80%. The year-over-year growth rate is expected to be -16.60%, down from the previous year.

Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 231.89M in revenue for the current quarter. 22 analysts expect Array Technologies Inc to make 421.83M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 507.73M and 374.57M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -54.30%. Forecasts for the next quarter put sales growth at 12.60%.

Array Technologies Inc earnings are expected to increase by -3.71% in 2024, but the outlook is positive 9.30% per year for the next five years.

ARRY Dividends

Array Technologies Inc’s next quarterly earnings report is expected to be released in August.

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

Upon looking at major shareholders, it appears that insiders hold 0.34% of Array Technologies Inc shares, and 131.95% of them are in the hands of institutional investors. The stock currently has a share float of 132.41% . Array Technologies Inc stock is held by 418 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 31, 2024 , it held 10.67% of the shares, which is about 16.2 shares worth $190.46 million.

Vanguard Group Inc , with 9.22% or 14.0 shares worth $164.62 million as of Mar 31, 2024 , holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 4.53 shares worth $53.27 million, making up 2.98% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 3.67 shares worth around $43.13 million, which represents about 2.42% of the total shares outstanding.