Array Technologies Inc (NASDAQ:ARRY) price on current trading day, rose 13.82% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.53.
A look at the stock’s price movement, the close in the last trading session was $3.98, moving within a range at $3.76 and $4.56. The beta value (5-Year monthly) was 1.657. Turning to its 52-week performance, $14.85 and $3.89 were the 52-week high and 52-week low respectively. Overall, ARRY moved -27.75% over the past month.
Array Technologies Inc’s market cap currently stands at around $688.62 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 264.14M for the company’s revenue for the quarter, with a low and high estimate of 259.87M and 270.5M respectively. The average forecast suggests up to a 72.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.1B, representing a 19.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARRY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
17 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 13 recommend ARRY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARRY’s current price about -13.38% and -25.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.94, while 7-day volatility ratio is 14.15% and 7.71% in the 30-day chart. Further, Array Technologies Inc (ARRY) has a beta value of 1.62, and an average true range (ATR) of 0.45. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $6 and high of $13. Looking at the price targets, the low is -32.45% off current price level while to achieve the yearly target high, price needs to move -186.98%. Nonetheless, investors will most likely welcome a -98.68% jump to $9 which is the analysts’ median price.
If we refocus on Array Technologies Inc (NASDAQ:ARRY), historical trading data shows that trading volumes averaged 4.23 over the past 10 days and 5.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 151.95 million shares.
The 1.63% of Array Technologies Inc’s shares are in the hands of company insiders while institutional holders own 119.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.5 million on 2025-03-14, giving us a short ratio of 3.27. The data shows that as of 2025-03-14 short interest in Array Technologies Inc (ARRY) stood at 1529.0 of shares outstanding, with shares short falling to 21.77 million registered in 2025-02-14. Current price change has pushed the stock -25.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARRY stock continues to rise going into the next quarter.
