Array Technologies Inc (NASDAQ:ARRY) shares, rose in value on Wednesday, March 26, with the stock price down by -7.10% to the previous day’s close as strong demand from buyers drove the stock to $5.23.
Actively observing the price movement in the last trading, the stock closed the session at $5.63, falling within a range of $5.165 and $5.6. The value of beta (5-year monthly) was 1.689. Referring to stock’s 52-week performance, its high was $15.35, and the low was $4.89. On the whole, ARRY has fluctuated by -20.64% over the past month.
With the market capitalization of Array Technologies Inc currently standing at about $795.03 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.1B, with a low estimate of 259.87M and a high estimate of 270.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 264.13M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARRY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ARRY currently trading nearly -10.25% and -19.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.05, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 7.94%. Furthermore, Array Technologies Inc (ARRY)’s beta value is 1.63, and its average true range (ATR) is 0.45.
A comparison of Array Technologies Inc (ARRY) with its peers suggests the former has fared considerably weaker in the market. ARRY showed an intraday change of -7.10% in last session, and over the past year, it shrunk by -61.80%%.
Data on historical trading for Array Technologies Inc (NASDAQ:ARRY) indicates that the trading volumes over the past 10 days have averaged 4.08 and over the past 3 months, they’ve averaged 5.31 million. According to company’s latest data on outstanding shares, there are 151.95 million shares outstanding.
Nearly 1.63% of Array Technologies Inc’s shares belong to company insiders and institutional investors own 119.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.5 million shares as on 2025-03-14, resulting in a short ratio of 3.27. According to the data, the short interest in Array Technologies Inc (ARRY) stood at 1529.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 21.77 million. The stock has fallen by -13.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARRY stock heading into the next quarter.
