Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Array Technologies Inc’s current trading price is -66.28% away from its 52-week high, while its distance from the 52-week low is 22.21%. The stock’s price range over this period has fluctuated between $5.56 and $20.15. The company, operating within the financial sector, had a trading volume of approximately 2.09 million for the day, which was noticeably lower than the average daily share volume of 5.82 million over the last 3 months.
The market performance of Array Technologies Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $20.15 on 12/14/23, while the lowest value for the same duration was $5.56 on 09/10/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Array Technologies Inc (ARRY) has experienced a quarterly decline of -34.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.03B and boasts a workforce of 1028 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.53, with a change in price of -7.15. Similarly, Array Technologies Inc recorded 5,526,180 in trading volume during the last 100 days, posting a change of -51.44%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ARRY stands at 1.18. Similarly, the long-term debt-to-equity ratio is also 1.13.
ARRY Stock Stochastic Average
Today, Array Technologies Inc’s raw stochastic average for the past 50 days stands at 62.47%, indicating a rise from the raw stochastic average of the last 20 days, which was 59.68%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 35.75% and 25.62% respectively.
ARRY Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -59.55%. However, over the past six months, we’ve seen a stronger performance of -45.77%. The price of ARRY fallen by 0.97% over the last 30 days. And in the last five days, it has surged by 0.82%.
