In last trading session, Array Technologies Inc (NASDAQ:ARRY) saw 4.69 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $6.76 trading at -$0.1 or -1.46% at ring of the bell on the day assigns it a market valuation of $1.03B. That closing price of ARRY’s stock is at a discount of -127.07% from its 52-week high price of $15.35 and is indicating a premium of 23.82% from its 52-week low price of $5.15.
For Array Technologies Inc (ARRY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Array Technologies Inc (NASDAQ:ARRY) trade information
Upright in the red during last session for losing -1.46%, in the last five days ARRY remained trading in the red while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $6.76 price level, adding 6.11% to its value on the day. Array Technologies Inc’s shares saw a change of 11.92% in year-to-date performance and have moved -1.60% in past 5-day. Array Technologies Inc (NASDAQ:ARRY) showed a performance of -5.45% in past 30-days.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 24.89% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -18.34% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.34% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around -45.90% while estimates for its earnings growth in next 5 years are of -6.97%.
Array Technologies Inc (NASDAQ:ARRY)’s Major holders
BLACKROCK INC. is the top institutional holder at ARRY for having 15.25 million shares of worth $156.44 million. And as of 2024-06-30, it was holding 10.0745 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 13.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2401 of outstanding shares, having a total worth of $143.49 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.55 shares of worth $30.75 million or 2.99% of the total outstanding shares. The later fund manager was in possession of 4.26 shares on Nov 30, 2024 , making its stake of worth around $28.83 million in the company or a holder of 2.81% of company’s stock.
