An Evaluation Of Array Technologies Inc (NASDAQ: ARRY) Prospects

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Array Technologies Launches Hail Alert Response.

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Stocks Info

ARRY belongs to the Technology sector of the NASDAQ while operating in the Solar industry. The current market capitalization of Array Technologies Inc is $2.15B. A total of 5.94 million shares were traded on the day, compared to an average of 5.88M 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.96.

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