Array Technologies is a solar business based in the US. Array Technologies shares (ARRY) are listed on the NASDAQ and all prices are listed in US Dollars. Array Technologies employs 975 staff and has a trailing 12-month revenue of around $1.4 billion.
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| Latest market close | $9.57 |
|---|---|
| 52-week range | $10.05 - $26.64 |
| 50-day moving average | $12.47 |
| 200-day moving average | $15.21 |
| Wall St. target price | $19.34 |
| PE ratio | 27 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $0.38 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $9.57 from 2024-07-01
| 1 week (2024-06-26) | -7.89% |
|---|---|
| 1 month (2024-06-03) | -30.75% |
| 3 months (2024-04-03) | -33.54% |
| 6 months (2024-01-03) | -42.45% |
| 1 year (2023-07-03) | -57.09% |
|---|---|
| 2 years (2022-07-01) | -13.71% |
| 3 years (2021-07-02) | 15.79 |
| 5 years (2019-06-29) | N/A |
Valuing Array Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Array Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Array Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Array Technologies shares trade at around 27x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
However, Array Technologies's P/E ratio is best considered in relation to those of others within the solar industry or those of similar companies.
Array Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.2125. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Array Technologies's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider Array Technologies's PEG ratio in relation to those of similar companies.
Array Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $211.5 million.
The EBITDA is a measure of a Array Technologies's overall financial performance and is widely used to measure a its profitability.
To put Array Technologies's EBITDA into context you can compare it against that of similar companies.
| Revenue TTM | $1.4 billion |
|---|---|
| Operating margin TTM | 2.4% |
| Gross profit TTM | $227.3 million |
| Return on assets TTM | 6.28% |
| Return on equity TTM | 19.68% |
| Profit margin | 8.11% |
| Book value | $1.52 |
| Market Capitalization | $1.6 billion |
TTM: trailing 12 months
We're not expecting Array Technologies to pay a dividend over the next 12 months.
Over the last 12 months, Array Technologies's shares have ranged in value from as little as $10.05 up to $26.64. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Array Technologies's is 1.721. This would suggest that Array Technologies's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
To put Array Technologies's beta into context you can compare it against those of similar companies.
Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico. .
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