Array Technologiesinc Stock Price on December 31, 2023
| ARRY Stock | USD 13.46 0.40 3.06% |
If you're considering investing in Array Stock, it is important to understand the factors that can impact its price. As of today, the current price of Array TechnologiesInc stands at 13.46, as last reported on the 4th of May, with the highest price reaching 13.98 and the lowest price hitting 13.35 during the day. We consider Array TechnologiesInc not too volatile. Array TechnologiesInc secures Sharpe Ratio (or Efficiency) of 0.031, which signifies that the company had a 0.031% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Array TechnologiesInc, which you can use to evaluate the volatility of the firm. Please confirm Array TechnologiesInc's Downside Deviation of 3.79, risk adjusted performance of 0.0241, and Mean Deviation of 3.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
Common Stock Total Equity is likely to drop to about 128.2 K in 2024. Liabilities And Stockholders Equity is likely to drop to about 1.6 B in 2024. At this time, Array TechnologiesInc's Price Book Value Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to rise to 11.48 in 2024, whereas Price To Sales Ratio is likely to drop 1.53 in 2024. Array Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Array |
Sharpe Ratio = 0.031
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| Cash | Small Risk | Average Risk | ARRY | Huge Risk |
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Estimated Market Risk
| 3.7 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Array TechnologiesInc is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Array TechnologiesInc by adding it to a well-diversified portfolio.
Price Book 7.5732 | Enterprise Value Ebitda 10.1226 | Price Sales 1.2453 | Shares Float 133.7 M | Wall Street Target Price 19.85 |
Array TechnologiesInc Valuation on December 31, 2023
It is possible to determine the worth of Array TechnologiesInc on a given historical date. On December 31, 2023 Array was worth 17.07 at the beginning of the trading date compared to the closed value of 16.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Array TechnologiesInc stock. Still, in general, we apply an absolute valuation method to find Array TechnologiesInc's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Array TechnologiesInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Array TechnologiesInc's related companies.
| Open | High | Low | Close | Volume | |
| 17.12 | 17.31 | 16.85 | 17.09 | 2,101,073 | |
12/29/2023 | 17.07 | 17.27 | 16.77 | 16.80 | 3,355,404 |
| 16.54 | 17.76 | 16.46 | 16.96 | 4,229,533 |
| Backtest Array TechnologiesInc | | | Array TechnologiesInc History | | | Array TechnologiesInc Valuation | Previous | Next |
Array TechnologiesInc Trading Date Momentum on December 31, 2023
| On January 02 2024 Array TechnologiesInc was traded for 16.96 at the closing time. The top price for the day was 17.76 and the lowest listed price was 16.46 . The trading volume for the day was 4.2 M. The trading history from January 2, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.95% . The overall trading delta against the current closing price is 12.02% . |
Array TechnologiesInc Fundamentals Correlations and Trends
By evaluating Array TechnologiesInc's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Array TechnologiesInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Array financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Array TechnologiesInc Stock history
Array TechnologiesInc investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Array is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Array TechnologiesInc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Array TechnologiesInc stock prices may prove useful in developing a viable investing in Array TechnologiesInc
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 152 M | 144.4 M | |
| Net Loss | -39.3 M | -37.3 M |
Array TechnologiesInc Quarterly Net Working Capital |
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Array TechnologiesInc Stock Technical Analysis
Array TechnologiesInc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Array TechnologiesInc Period Price Range
Low | December 29, 2023
| High |
17.07 | 16.80 |
Array TechnologiesInc May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Array TechnologiesInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Array TechnologiesInc shares will generate the highest return on investment. By undertsting and applying Array TechnologiesInc stock market strength indicators, traders can identify Array TechnologiesInc entry and exit signals to maximize returns
| Accumulation Distribution | 97145.45 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 17.02 | |||
| Day Typical Price | 16.95 | |||
| Price Action Indicator | (0.35) | |||
| Period Momentum Indicator | (3.34) |
Array TechnologiesInc Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Array TechnologiesInc's price direction in advance. Along with the technical and fundamental analysis of Array Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Array to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 0.0232 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Is Array TechnologiesInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Array TechnologiesInc. If investors know Array will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Array TechnologiesInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.