Array Technologies Inc (NASDAQ:ARRY) has a beta value of 1.79 and has seen 29.59 million shares traded in the last trading session. The company, currently valued at $971.72M, closed the last trade at $6.37 per share which meant it lost -$1.02 on the day or -13.80% during that session. The ARRY stock price is -89.32% off its 52-week high price of $12.06 and 40.97% above the 52-week low of $3.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.01 million shares traded. The 3-month trading volume is 6.12 million shares.
The consensus among analysts is that Array Technologies Inc (ARRY) is Buy stock at the moment, with a recommendation rating of 2.09. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 17 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight.
Array Technologies Inc (NASDAQ:ARRY) trade information
Sporting -13.80% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARRY stock price touched $6.37 or saw a rise of 21.26%. Year-to-date, Array Technologies Inc shares have moved -48.34%, while the 5-day performance has seen it change -19.97%. Over the past 30 days, the shares of Array Technologies Inc (NASDAQ:ARRY) have changed -7.55%. Short interest in the company has seen 20.98 million shares shorted with days to cover at 2.38.
Wall Street analysts have a consensus price target for the stock at $8.5, which means that the shares’ value could jump 25.06% from current levels. The projected low price target is $6.0 while the price target rests at a high of $13.0. In that case, then, we find that the current price level is -104.08% off the targeted high while a plunge would see the stock lose 5.81% from current levels.
Array Technologies Inc (ARRY) estimates and forecasts
The company’s shares have gained 18.40% over the past 6 months.
Earnings growth for 2025 is a modest 3.37% while over the next 5 years, the company’s earnings are expected to increase by 14.84%.
ARRY Dividends
Array Technologies Inc is expected to release its next earnings report on 2025-May-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Array Technologies Inc (NASDAQ:ARRY)’s Major holders
Insiders own 0.53% of the company shares, while shares held by institutions stand at 115.24% with a share float percentage of 115.85%. Investors are also buoyed by the number of investors in a company, with Array Technologies Inc having a total of 353.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 15.25 million shares worth more than $156.44 million. As of 2024-06-30, BLACKROCK INC. held 10.0449% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 13.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $143.49 million and represent 9.213% of shares outstanding.
