With 6.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.75 million shares. The 52-week range on ARRY shows that it touched its highest point at $26.64 and its lowest point at $11.38 during that stretch. It currently has a 1-year price target of $20.17. Beta for the stock currently stands at 1.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARRY was up-trending over the past week, with a rise of 14.42%, but this was up by 5.37% over a month. Three-month performance dropped to -18.14% while six-month performance fell -38.98%. The stock lost -23.55% in the past year, while it has lost -15.95% so far this year. A look at the trailing 12-month EPS for ARRY yields 0.54 with Next year EPS estimates of 1.42. For the next quarter, that number is -0.03. This implies an EPS growth rate of -6.56% for this year and 34.66% for next year.
Float and Shares Shorts:
At present, 151.24 million ARRY shares are outstanding with a float of 148.08 million shares on hand for trading. On Feb 29, 2024, short shares totaled 25.94 million, which was 17.15% higher than short shares on Jan 31, 2024. In addition to ARR as the firm’s ARMOUR Residential REIT, Inc., ARRY serves as its Array Technologies, Inc.
Institutional Ownership:
Through their ownership of 125.06% of ARRY’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARRY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Dividends & Yield:
In terms of dividends, ARRY has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ARRY currently yields $0.00. In the past year, ARRY’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, ARRY has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.
