Array Technologiesinc Stock Price on November 24, 2021

ARRY Stock  USD 14.91  0.19  1.26%   
If you're considering investing in Array Stock, it is important to understand the factors that can impact its price. As of today, the current price of Array TechnologiesInc stands at 14.91, as last reported on the 28th of March, with the highest price reaching 15.35 and the lowest price hitting 14.58 during the day. Array TechnologiesInc secures Sharpe Ratio (or Efficiency) of -0.0363, which signifies that the company had a -0.0363% return per unit of risk over the last 3 months. Array TechnologiesInc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Array TechnologiesInc's Risk Adjusted Performance of (0.02), mean deviation of 2.7, and Standard Deviation of 3.47 to double-check the risk estimate we provide.
  
Common Stock Total Equity is likely to drop to about 128.2 K in 2024. Liabilities And Stockholders Equity is likely to drop to about 1.6 B in 2024. At this time, Array TechnologiesInc's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to rise to 0.01 in 2024, whereas Price Earnings Ratio is likely to drop 17.55 in 2024. Array Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0363

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Estimated Market Risk

 3.57
  actual daily
31
69% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Array TechnologiesInc is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Array TechnologiesInc by adding Array TechnologiesInc to a well-diversified portfolio.
Price Book
8.2429
Enterprise Value Ebitda
10.7511
Price Sales
1.438
Shares Float
133.4 M
Wall Street Target Price
19.98

Array TechnologiesInc Valuation on November 24, 2021

It is possible to determine the worth of Array TechnologiesInc on a given historical date. On November 24, 2021 Array was worth 10.58 at the beginning of the trading date compared to the closed value of 10.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Array TechnologiesInc stock. Still, in general, we apply an absolute valuation method to find Array TechnologiesInc's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Array TechnologiesInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Array TechnologiesInc's related companies.
 Open High Low Close Volume
03/14/2022
  10.58    10.77    10.09    10.20    1,951,300  
  10.17    10.81    9.83    10.79    2,660,100  
Backtest Array TechnologiesInc  |  Array TechnologiesInc History  |  Array TechnologiesInc Valuation Next  
Open Value
10.58
10.2
Closing Value
21.29
Upside

Array TechnologiesInc Trading Date Momentum on November 24, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Array TechnologiesInc Fundamentals Correlations and Trends

By evaluating Array TechnologiesInc's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Array TechnologiesInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Array financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Array TechnologiesInc Stock history

Array TechnologiesInc investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Array is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Array TechnologiesInc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Array TechnologiesInc stock prices may prove useful in developing a viable investing in Array TechnologiesInc
Last ReportedProjected for 2024
Common Stock Shares Outstanding152 M144.4 M
Net Loss-39.3 M-37.3 M

Array TechnologiesInc Quarterly Net Working Capital

496.59 Million

Array TechnologiesInc Stock Technical Analysis

Array TechnologiesInc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Array TechnologiesInc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Array TechnologiesInc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Array TechnologiesInc Period Price Range

Low
March 14, 2022
High

 10.58 

  

 10.20 

-0.38-3.59%

Array TechnologiesInc March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Array TechnologiesInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Array TechnologiesInc shares will generate the highest return on investment. By undertsting and applying Array TechnologiesInc stock market strength indicators, traders can identify Array TechnologiesInc entry and exit signals to maximize returns

Array TechnologiesInc Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Array TechnologiesInc's price direction in advance. Along with the technical and fundamental analysis of Array Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Array to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Array TechnologiesInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Array TechnologiesInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Array Technologiesinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Array Technologiesinc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Is Array TechnologiesInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Array TechnologiesInc. If investors know Array will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Array TechnologiesInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.65)
Earnings Share
0.56
Revenue Per Share
10.445
Quarterly Revenue Growth
(0.15)
Return On Assets
0.0795
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.