Where Does Array Technologies Inc. (ARRY) Rank When It Comes To Price-To-Earnings Ratio?

Array Technologies Inc. (NASDAQ:ARRY) finished Wednesday with an addition of $0.04 to close at $19.95, an upside of 0.20 percent. An average of 2,647,020 shares of common stock have been traded in the last five days. There was a gain of $2.90 in the past week. The last 20 days have seen an average of 2,205,485 shares traded, while the 50-day average volume stands at 2,791,112.

ARRY stock has increased by 7.84% in the last month. The company shares reached their 1-month lowest point of $16.41 on 10/06/21. Shares of the company touched a low of $12.72 and a high of $54.78 in 52 weeks. In spite of this, the price is down -63.58% from the 52-week high.

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Insider Transactions

311 days have passed since Array Technologies Inc. (ARRY) last reported insider trading activity. ATI Investment Parent, LLC, who is 10% Owner, most recently acquired $36,656,250 shares at $33.95 per share on Dec 07.

Valuation Metrics

Array Technologies Inc. (ARRY) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 37.24 for the sector. In the last five years, Array Technologies Inc.’s PE ratio has ranged between 110.47 and 45.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.26.

The quick ratio of Array Technologies Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Array Technologies Inc.’s EBITDA margin for the year ending June 29 is 17.31%, while its operating margin for the same period stands at 1.50%. Its gross profit as reported stood at $202.8 million compared to revenue of $872.66 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Array Technologies Inc.’s return on assets was -2.30%.

Earnings Surprise

The analyst consensus anticipated Array Technologies Inc.’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.07, a 600.00% surprise. For the quarter, EBITDA amounted to $13.72 million. Shareholders own equity worth $127.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Array Technologies Inc. (ARRY) price momentum. RSI 9-day as of the close on 13 October was 69.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.83%.

As of today, ARRY’s price is $19.12 +17.01% or $2.90 from its 5-day moving average. ARRY is currently trading +10.10% higher than its 20-day SMA and +23.76% higher than its 100-day SMA. However, the stock’s current price level is +48.22% above the SMA50 and -54.04% below the SMA200.

The stochastic %K and %D were 91.05% and 83.39%, respectively, and the average true range (ATR) was 1.01. With the 14-day stochastic at 95.68% and the average true range at 0.99, the RSI (14) stands at 63.24%. The stock has reached 1.41 on the 9-day MACD Oscillator while the 14-day reading was at 1.56.

Analyst Ratings

The consensus rating for Array Technologies Inc. (ARRY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARRY, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is ARRY’s price target for the next 12 months?

Analysts predict a range of price targets between $16.00 and $36.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Array Technologies Inc. (ARRY) stock is $24.55.


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