Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Array Technologies Inc’s current trading price is -53.53% away from its 52-week high, while its distance from the 52-week low is 14.41%. The stock’s price range during this period has varied between $10.82 and $26.64. The company, active in the Technology sector, saw a trading volume of around 1.95 million for the day, considerably lower average daily volume of 5.8 million observed over the last three months.
Array Technologies Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $26.64 on 09/15/23, and the lowest price during the same period was recorded at $10.82 on 04/18/24.
How Financial Performance Impacts Market Capitalization
Array Technologies Inc (ARRY) has experienced a quarterly decline of -7.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.88B and boasts a workforce of 1028 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 14.19, with a change in price of -3.65. Similarly, Array Technologies Inc recorded 5,705,265 in trading volume during the last 100 days, posting a change of -22.61%.
How ARRY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ARRY stands at 1.16. Similarly, the long-term debt-to-equity ratio is also 1.11.
ARRY Stock Stochastic Average
As of today, the raw stochastic average of Array Technologies Inc over the past 50 days is 36.53%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 40.07%. Additionally, the Stochastic %K and %D values for the company were 39.41% and 34.85%, respectively, over the past 20 days.
ARRY Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -26.31%.However, over the last six months, we can see a stronger performance of -27.48%. Over the last 30 days, the price of ARRY has leaped by -15.73%. And in the last five days, it has surged by 3.68%.
