Array Technologies (NASDAQ:ARRY) Downgraded by Guggenheim to Neutral

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Array Technologies stock has undergone multiple analysts rating changes in the recent past.  Array Technologies Downgraded by Guggenheim on 10/20/2021. In a note to investors, the firm issued a new rating of Neutral. The analysts previously had rating of Buy.

Shares of Array Technologies traded down -$1.29 on Tuesday, reaching $19.12. 2823931 shares of the stock traded hands, compared to its average volume of 2482213. Shares of Array Technologies were trading at $19.12 on Tuesday. The firm’s 50 day moving average is $18.37 and its 200 day moving average is $25.13.Array Technologies has a 12 month low of $18.35 and a 12 month high of $54.78. While on yearly highs and lows, Array Technologies’s today has traded high as $19.48 and has touched $18.35 on the downward trend. See More Analyst Rating at: RATING

Array Technologies Earnings and What to expect: 

Array Technologies last released its quarterly earnings results on August 10th, 2021. The solar tracking solution reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company earned $202.80 million during the quarter, compared to the consensus estimate of $220.42 million. Array Technologies has generated $0.90 earnings per share over the last year (($0.12) diluted earnings per share). Earnings for Array Technologies are expected to grow by 400.00% in the coming year, from $0.13 to $0.65 per share. Array Technologies has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Array Technologies are expected to grow by 400.00% in the coming year, from $0.13 to $0.65 per share. The P/E ratio of Array Technologies is -170.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Array Technologies is -170.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Array Technologies (NASDAQ:ARRY) Moving Average Technical Analysis

5 day Moving Average is $19.73 And 5 day price change is $0.50 (2.51%)  with average volume for 5 day average is 3,662,920. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $18.42 and 20 day price change is $2.28 (12.58%) and average 20 day moving volume is 2,555,655. 50 day moving average is $18.37  and 50 day price change is $6.70 ( 48.87%)  and with average volume for 50 days is : 2,974,344. 200 day moving average is $25.13  and 200 day price change is -$22.01 (-51.89%)  and with average volume for 200 days is : 3,179,379.

Other owners latest trading in Array Technologies :

  • On 10/19/2021 shares held by Pinnacle Associates Ltd. were 889,860 which equates to market value of $16.48M and appx 0.30% owners of Array Technologies
  • On 10/19/2021 shares held by Frontier Capital Management Co. LLC were 3,250,952 which equates to market value of $60.21M and appx 0.50% owners of Array Technologies
  • On 10/18/2021 shares held by Viking Fund Management LLC were 73,000 which equates to market value of $1.35M and appx 0.40% owners of Array Technologies
  • In total Institutional ownership equates to Institutional Ownership Percentage: 91.67% for Array Technologies

See More Analyst Rating at: RATING