In the last trading session, 10.16 million Array Technologies Inc (NASDAQ:ARRY) shares changed hands as the company’s beta touched 1.87. With the company’s per share price at $7.67 changed hands at $0.41 or 5.57% during last session, the market valuation stood at $1.17B. ARRY’s last price was a discount, traded about -91.53% off its 52-week high of $14.69. The share price had its 52-week low at $3.76, which suggests the last value was 50.98% up since then.
Analysts gave the Array Technologies Inc (ARRY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.04. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended ARRY as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight.
Array Technologies Inc (NASDAQ:ARRY) trade information
Instantly ARRY was in green as seen at the end of in last trading. With action -7.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 26.99%, with the 5-day performance at -7.03% in the red. However, in the 30-day time frame, Array Technologies Inc (NASDAQ:ARRY) is 83.49% up.
The consensus price target for the stock as assigned by Wall Street analysts is 8.5, meaning bulls need an upside of 9.76% from its current market value. According to analyst projections, ARRY’s forecast low is 6 with 13 as the target high. To hit the forecast high, the stock’s price needs a -69.49% plunge from its current level, while the stock would need to tank 21.77% for it to hit the projected low.
The 2025 estimates are for Array Technologies Inc earnings to increase by 3.55%, but the outlook for the next 5-year period is at 13.85% per year.
ARRY Dividends
Array Technologies Inc is expected to release its next quarterly earnings report in June.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.213% or 13.98 million shares worth $143.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 4.55 shares estimated at $34.94 million under it, the former controlled 2.99% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.62% of the shares, roughly 4.0 shares worth around $30.7 million.
