Array Technologiesinc Stock Filter Stocks by Fundamentals
| ARRY Stock | USD 11.69 0.42 3.73% |
Array TechnologiesInc fundamentals help investors to digest information that contributes to Array TechnologiesInc's financial success or failures. It also enables traders to predict the movement of Array Stock. The fundamental analysis module provides a way to measure Array TechnologiesInc's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Array TechnologiesInc stock.
Array | Shares Owned by Institutions |
Array TechnologiesInc Institutional Holders
Institutional Holdings refers to the ownership stake in Array TechnologiesInc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Array TechnologiesInc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Array TechnologiesInc's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.7 M | State Street Corporation | 2023-12-31 | 3.7 M | Geode Capital Management, Llc | 2023-12-31 | 3.3 M | Sam Sustainable Asset Management Ltd | 2023-12-31 | 2.9 M | Amundi | 2023-12-31 | 2.6 M | Deutsche Bank Ag | 2023-12-31 | 2.6 M | Fmr Inc | 2023-12-31 | 2.4 M | Granahan Investment Management Inc.. | 2023-12-31 | 2.3 M | Ack Asset Management Llc | 2023-12-31 | 2.2 M | Blackrock Inc | 2023-12-31 | 17.5 M | Vanguard Group Inc | 2023-12-31 | 13.9 M |
Array Fundamentals
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.0795 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 2.51 B | ||||
| Shares Outstanding | 151.73 M | ||||
| Shares Owned By Insiders | 0.83 % | ||||
| Shares Owned By Institutions | 99.17 % | ||||
| Number Of Shares Shorted | 25.83 M | ||||
| Price To Earning | 41.98 X | ||||
| Price To Book | 7.57 X | ||||
| Price To Sales | 1.25 X | ||||
| Revenue | 1.58 B | ||||
| Gross Profit | 227.28 M | ||||
| EBITDA | 271.91 M | ||||
| Net Income | 137.24 M | ||||
| Cash And Equivalents | 62.78 M | ||||
| Cash Per Share | 0.42 X | ||||
| Total Debt | 707.64 M | ||||
| Debt To Equity | 2.25 % | ||||
| Current Ratio | 1.70 X | ||||
| Book Value Per Share | 1.71 X | ||||
| Cash Flow From Operations | 231.96 M | ||||
| Short Ratio | 4.02 X | ||||
| Earnings Per Share | 0.56 X | ||||
| Price To Earnings To Growth | 1.93 X | ||||
| Target Price | 20.23 | ||||
| Number Of Employees | 1.03 K | ||||
| Beta | 1.65 | ||||
| Market Capitalization | 1.71 B | ||||
| Total Asset | 1.71 B | ||||
| Retained Earnings | (130.23 M) | ||||
| Working Capital | 496.59 M | ||||
| Current Asset | 158.02 M | ||||
| Current Liabilities | 64.21 M | ||||
| Net Asset | 1.71 B |
About Array TechnologiesInc Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Array TechnologiesInc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Array TechnologiesInc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Array TechnologiesInc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Array TechnologiesInc Investors Sentiment
The influence of Array TechnologiesInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Array. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Array TechnologiesInc's public news can be used to forecast risks associated with an investment in Array. The trend in average sentiment can be used to explain how an investor holding Array can time the market purely based on public headlines and social activities around Array TechnologiesInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Array TechnologiesInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Array TechnologiesInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Array TechnologiesInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Array TechnologiesInc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Array TechnologiesInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Array TechnologiesInc's short interest history, or implied volatility extrapolated from Array TechnologiesInc options trading.
Pair Trading with Array TechnologiesInc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Array TechnologiesInc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Array TechnologiesInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Array Stock
| 0.62 | BBU | Brookfield Business Financial Report 3rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Array TechnologiesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Array TechnologiesInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Array TechnologiesInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Array TechnologiesInc to buy it.
The correlation of Array TechnologiesInc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Array TechnologiesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Array TechnologiesInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Array TechnologiesInc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Array TechnologiesInc Piotroski F Score and Array TechnologiesInc Altman Z Score analysis. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Array Stock analysis
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.