After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million.
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Stocks Info
Array Technologies Inc is listed on the NASDAQ in the Technology sector while operating in the Solar industry. The current market capitalization of Array Technologies Inc is $2.09B. A total of 4.28 million shares were traded on the day, compared to an average of 5.77M shares.
In the most recent transaction, Hostetler Kevin G. sold 8,176 shares of ARRY for 12.30 per share on Mar 20 ’24. After the transaction, the Chief Executive Officer now owns 217,352 company shares. In a previous transaction on Sep 01 ’23, Hottinger Tyson sold 7,500 shares at 25.04 per share. ARRY shares that Chief Legal Officer owns now total 69,618.
Among the insiders who sold shares, Patel Nipul M. disposed of 54,593 shares on Aug 14 ’23 at a per-share price of $23.12. This resulted in the Chief Financial Officer holding 82,827 shares of ARRY after the transaction. In another insider transaction, Hottinger Tyson sold 8,500 shares at $23.32 per share on Aug 11 ’23. Company shares held by the Chief Legal Officer now total 77,118.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ARRY has a high of $26.64 and a low of $11.38.
As of this writing, ARRY has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.08. The company reported an EPS of $0.2 in the last quarter, which was 66.70% higher than expectations of $0.12.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ARRY’s latest balance sheet shows that the firm has $367.67M in Cash & Short Term Investments as of fiscal 2021. There were $721.26M in debt and $245.31M in liabilities at the time. Its Book Value Per Share was $1.71, while its Total Shareholder’s Equity was $168.26M.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARRY is Buy with a score of 3.92.
