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Array Technologies, Inc. (ARRY)

22.74   -0.43 (-1.86%) 06-06 16:00
Open: 23.05 Pre. Close: 23.17
High: 23.87 Low: 22.71
Volume: 3,426,650 Market Cap: 3,430(M)

Technical analysis

as of: 2023-06-06 3:47:45 PM
Short-term rate:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Mid-term rate:       
Target: Six months: 29.18     One year: 34.09
Support: Support1: 20.36    Support2: 17.5
Resistance: Resistance1: 24.98    Resistance2: 29.18
Pivot: 23.13
Moving Average: MA(5): 22.98     MA(20): 22.46
MA(100): 20.88     MA(250): 18.9
MACD: MACD(12,26): 0.6     Signal(9): 0.7
Stochastic oscillator: %K(14,3): 50.7     %D(3): 60.2
RSI: RSI(14): 55.2
52-week: High: 24.98  Low: 9.23
Average Vol(K): 3-Month: 4,529 (K)  10-Days: 4,035 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ ARRY ] has closed above bottom band by 41.7%. Bollinger Bands are 52.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 2 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 24.37 - 24.51 24.51 - 24.63
Low: 22.36 - 22.5 22.5 - 22.63
Close: 22.96 - 23.19 23.19 - 23.41

Company Description

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

Headline News

Mon, 05 Jun 2023
Validea Detailed Fundamental Analysis - ARRY - Nasdaq

Fri, 02 Jun 2023
Is Array Technologies Inc (ARRY) a Winner in the Solar Industry? - InvestorsObserver

Wed, 24 May 2023
Should You Buy Array Technologies Inc (ARRY) Stock on Wednesday? - InvestorsObserver

Fri, 19 May 2023
3 Energy Stocks That Have Game-Changing Technologies - InvestorPlace

Thu, 18 May 2023
Should You Hold Array Technologies Inc (ARRY) in Solar Industry? - InvestorsObserver

Fri, 12 May 2023
Arlo Technologies, Array Technologies, AirSculpt Technologies And Other Big Stocks Moving Higher On Frida - Benzinga

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Solar
Shares Out. 151 (M)
Shares Float 150 (M)
% Held by Insiders 1.3 (%)
% Held by Institutions 113.9 (%)
Shares Short 16,820 (K)
Shares Short P.Month 16,850 (K)

Stock Financials

EPS 0.05
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 1.37
Profit Margin (%) 3.2
Operating Margin (%) 4.3
Return on Assets (ttm) 2.6
Return on Equity (ttm) 12.4
Qtrly Rev. Growth 25.2
Gross Profit (p.s.) 1.5
Sales Per Share 11.33
EBITDA (p.s.) 1.09
Qtrly Earnings Growth 0
Operating Cash Flow 237 (M)
Levered Free Cash Flow 227 (M)

Stock Valuations

PE Ratio 458.89
PEG Ratio 0.6
Price to Book value 16.62
Price to Sales 2.02
Price to Cash Flow 14.57

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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