Array Technologies Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $23.79
- Today's High:
- $25.64
- Open Price:
- $23.84
- 52W Low:
- $9.24
- 52W High:
- $24.99
- Prev. Close:
- $23.51
- Volume:
- 4994113
Company Statistics
- Market Cap.:
- $3.58 billion
- Book Value:
- 1.375
- Revenue TTM:
- $1.71 billion
- Operating Margin TTM:
- 4.31%
- Gross Profit TTM:
- $227.28 million
- Profit Margin:
- 3.3%
- Return on Assets TTM:
- 2.63%
- Return on Equity TTM:
- 12.42%
Company Profile
Array Technologies Inc had its IPO on 2020-10-15 under the ticker symbol ARRY.
The company operates in the Technology sector and Solar industry. Array Technologies Inc has a staff strength of 1,050 employees.
Stock update
Shares of Array Technologies Inc opened at $23.84 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $23.79 - $25.64, and closed at $25.15.
This is a +6.98% increase from the previous day's closing price.
A total volume of 4,994,113 shares were traded at the close of the day’s session.
In the last one week, shares of Array Technologies Inc have increased by +0.8%.
Array Technologies Inc's Key Ratios
Array Technologies Inc has a market cap of $3.58 billion, indicating a price to book ratio of 57.3313 and a price to sales ratio of 2.2708.
In the last 12-months Array Technologies Inc’s revenue was $1.71 billion with a gross profit of $227.28 million and an EBITDA of $165.82 million. The EBITDA ratio measures Array Technologies Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Array Technologies Inc’s operating margin was 4.31% while its return on assets stood at 2.63% with a return of equity of 12.42%.
In Q1, Array Technologies Inc’s quarterly earnings growth was a negative -96.7% while revenue growth was a positive 25.3%.
Array Technologies Inc’s PE and PEG Ratio
- Forward PE
- 23.8095
- Trailing PE
- 474.2
- PEG
- 1.934
Its diluted EPS in the last 12-months stands at $0.05 per share while it has a forward price to earnings multiple of 23.8095 and a PEG multiple of 1.934. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Array Technologies Inc’s profitability.
Array Technologies Inc stock is trading at a EV to sales ratio of 3.1206 and a EV to EBITDA ratio of 59.4291. Its price to sales ratio in the trailing 12-months stood at 2.2708.
Array Technologies Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.79 billion
- Total Liabilities
- $470.59 million
- Operating Cash Flow
- $-3883000.00
- Capital Expenditure
- $3.88 million
- Dividend Payout Ratio
- 0%
Array Technologies Inc ended 2024 with $1.79 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.79 billion while shareholder equity stood at $519.38 million.
Array Technologies Inc ended 2024 with $73.05 million in deferred long-term liabilities, $470.59 million in other current liabilities, 150000.00 in common stock, $-241338000.00 in retained earnings and $428.17 million in goodwill. Its cash balance stood at $147.76 million and cash and short-term investments were $147.76 million. The company’s total short-term debt was $34,382,000 while long-term debt stood at $705.83 million.
Array Technologies Inc’s total current assets stands at $866.64 million while long-term investments were $63.32 million and short-term investments were $0. Its net receivables were $417.88 million compared to accounts payable of $200.59 million and inventory worth $254.62 million.
In 2024, Array Technologies Inc's operating cash flow was $-3883000.00 while its capital expenditure stood at $3.88 million.
Comparatively, Array Technologies Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $25.15
- 52-Week High
- $24.99
- 52-Week Low
- $9.24
- Analyst Target Price
- $27.25
Array Technologies Inc stock is currently trading at $25.15 per share. It touched a 52-week high of $24.99 and a 52-week low of $24.99. Analysts tracking the stock have a 12-month average target price of $27.25.
Its 50-day moving average was $21.09 and 200-day moving average was $20.98 The short ratio stood at 3.91 indicating a short percent outstanding of 0%.
Around 136.2% of the company’s stock are held by insiders while 11393.5% are held by institutions.
Frequently Asked Questions About Array Technologies Inc
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About
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 include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver 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 its energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.