Array Technologies, Inc. ( ARRY) Stock. Should you Buy or Sell? $ 20.88
-0.44 (-2.15 %)
Array Technologies, Inc. Analysis
Updated on 10-09-2022| Symbol | ARRY |
| Price | $20.88 |
| Beta | 0.000 |
| Volume Avg. | $4.3 M |
| Market Cap | $3.14 B |
| 52 Week Range | $5.445 - $27.671 |
Array Technologies, Inc. opened the day at $20.88 which is -2.15 % on yesterday's close. Array Technologies, Inc. has a 52 week high of $27.671 and 52 week low of $5.445, which is a difference of $22.226. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $3.14 B and total net profit is $853318000 which means the company is trading at 3.68 times profit to market capitalization. Theoretically, if you were to buy Array Technologies, Inc. for $3.14 B, it would take 15 years to get your money back. Array Technologies, Inc. are in the Solar space which will have a sweet spot and industry standard for net profit multiples.
Price Chart
Financials
Array Technologies, Inc. Stock Forecast - Is Array Technologies, Inc. a Buy or Sell?
| DCF Score | Strong Buy | |
| ROE Score | Neutral | |
| ROA Score | Neutral | |
| DE Score | Strong Buy | |
| PE Score | Strong Sell | |
| PB Score | Strong Buy | |
| Overall Recommendation | Buy |
Growth and Value
| PE Ratio | -43.388 |
| Dividend Yiel | 0.000 |
| Net Profit Margin | -0.064 |
Valuing Array Technologies, Inc.
| Price Book Value Ratio | 8.705 | Price To Book Ratio | 8.705 |
| Price To Sales Ratio | 2.757 | Price Earnings Ratio | -43.388 |
How liquid is Array Technologies, Inc.
| Current Ratio | 1.762 |
| Quick Ratio | 1.019 |
Debt
| Debt Ratio | 0.797 | Debt Equity Ratio | 3.928 |
| Long Term Debt To Capitalization | 0.688 | Total Debt To Capitalization | 0.701 |
Latest news about Array Technologies, Inc.
The Sun is always shining on Array Technologies, thanks to its mechanical systems that enable solar panels to maximize energy generation. The post Array Technologies Shines By Maximizing Solar Energy Generation appeared first on Investor's Business Daily.
Source: Shutterstock Currently, solar stocks are staging an enormous breakout. And our fundamental and technical analysis indicates this is just the beginning of a massive 50% melt-up!
Here is how Array Technologies, Inc. (ARRY) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.
Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Cody Mueller - Vice President of Finance & Investor Relations Kevin Hostetler - Chief Executive Officer Nipul Patel - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Philip Shen - ROTH Capital Colin Rusch - Oppenheimer & Co. Maheep Mandloi - Credit Suisse Donovan Schafer - Northland Capital Markets Joseph Osha - Guggenheim Kashy Harrison - Piper Sandler William Grippin - UBS Operator Hello, and welcome to the Array Technologies Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.
Array Technologies, Inc. (ARRY) delivered earnings and revenue surprises of 125% and 20.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
About Array Technologies, Inc.
Description :
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.
