Array Technologies Inc (NASDAQ:ARRY) traded at $5.95 at close of the session on Friday, May 09 and made an upward move of 8.18% on its previous day’s price.
Array Technologies Inc has a market cap of $907.67 million and is expected to release its quarterly earnings report in June.
On the other hand, looking at the outlook for the ARRY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 17 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Array Technologies Inc (ARRY) stock as a Hold, while 13 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 24.69% off its SMA20 and 16.16% from its 50-day simple moving average. The RSI (14) is pointing at 65.12 while the volatility over the past week is 10.39% and jumps to 8.19% over the past one month. The beta value is 1.66, while the average true range (ATR) is currently pointing at 0.45. The average price target for the stock over the next 12 months is $8.5, with the estimates having a low of $6 and a high of $13. These price ends are -0.84% and -118.49% off the current price level respectively, although investors could be excited at the prospect of a -42.86% if the ARRY share price touches on the median price of $8.5.
