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 -56.54% away from its 52-week high, while its distance from the 52-week low is 36.86%. The stock’s price range during this period has varied between $5.15 and $16.22. The company, active in the Technology sector, saw a trading volume of around 3.27 million for the day, considerably lower average daily volume of 6.73 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 $16.22 on 02/12/24, and the lowest price during the same period was recorded at $5.15 on 12/16/24.
How Financial Performance Impacts Market Capitalization
Array Technologies Inc (ARRY) has experienced a quarterly rise of 9.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.07B 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 6.48, with a change in price of +0.22. Similarly, Array Technologies Inc recorded 6,126,699 in trading volume during the last 100 days, posting a change of +3.27%.
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 1.48. Similarly, the long-term debt-to-equity ratio is also 1.42.
ARRY Stock Stochastic Average
As of today, the raw stochastic average of Array Technologies Inc over the past 50 days is 74.19%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 81.39%. Additionally, the Stochastic %K and %D values for the company were 73.88% and 77.33%, 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 gain of 16.70%.However, over the last six months, we can see a stronger performance of -33.94%. Over the last 30 days, the price of ARRY has fallen by 19.26%. And in the last five days, it has surged by 10.39%.
