The Question Is Whether To Buy Or Not To Buy Array Technologies Inc (NASDAQ: ARRY)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Array Technologies Launches Hail Alert Response.

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Stocks Info

Array Technologies Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Solar industry. At the end of the last regular session, the stock closed at $14.91 and fluctuated between $15.34 as its day high and $14.58 as its day low. The current market capitalization of Array Technologies Inc is $2.26B. A total of 3.94 million shares were traded on the day, compared to an average of 5.85M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 22 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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

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. 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.

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