In last trading session, Array Technologies Inc (NASDAQ:ARRY) saw 5.1 million shares changing hands with its beta currently measuring 1.73. Company’s recent per share price level of $6.89 trading at -$0.15 or -2.13% at ring of the bell on the day assigns it a market valuation of $1.05B. That closing price of ARRY’s stock is at a discount of -70.1% from its 52-week high price of $11.72 and is indicating a premium of 45.43% from its 52-week low price of $3.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.14 million shares which gives us an average trading volume of 8.38 million if we extend that period to 3-months.
For Array Technologies Inc (ARRY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.08. 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
Array Technologies Inc’s shares saw a change of -38.10% in year-to-date performance and have moved -9.82% in past 5-day. Array Technologies Inc (NASDAQ:ARRY) showed a performance of -13.44% in past 30-days. Number of shares sold short was 20.25 million shares which calculate 2.81 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a rise of 18.94% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would jump 12.92% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.92% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 5.91% while estimates for its earnings growth in next 5 years are of 17.19%.
Array Technologies Inc (NASDAQ:ARRY)’s Major holders
Insiders are in possession of 0.53% of company’s total shares while institution are holding 115.26 percent of that, with stock having share float percentage of 115.88%. Investors also watch the number of corporate investors in a company very closely, which is 115.26% institutions for Array Technologies Inc that are currently holding shares of the company. 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 10.0449 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 9.213 of outstanding shares, having a total worth of $143.49 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 4.66 shares of worth $32.07 million or 3.05% of the total outstanding shares. The later fund manager was in possession of 3.84 shares on May 31, 2025 , making its stake of worth around $26.47 million in the company or a holder of 2.52% of company’s stock.
