Array Stock Analysis

ARRY -  USA Stock  

USD 10.68  0.75  6.56%

The big decline in price over the last few months for Array Technologies could raise concerns from investors as the firm it trading at a share price of 10.68 on 5,495,800 in volume. The company executives failed to add value to investors and positioning the firm supply of money to exploit market volatility in December. However, diversifying your holdings with Array Technologies or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.33. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Array Technologies partners.
Please continue to Trending Equities.

Array Stock Analysis 

 
Refresh
The Array Technologies stock analysis report makes it easy to digest most publicly released information about Array Technologies and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Array Stock analysis module also helps to analyze the Array Technologies price relationship with some important fundamental indicators such as market cap and management efficiency.

Array Stock Analysis Notes

About 109.0% of the company shares are held by institutions such as insurance companies. The company recorded a loss per share of 0.3. Array Technologies had not issued any dividends in recent years. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. The company was founded in 1989 and is based in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 387 people. For more info on Array Technologies please contact Ron Squarer at 303 381-6600 or go to www.arraybiopharma.com.

Array Technologies Quarterly Cost of Revenue

182.79 MillionShare

Array Technologies Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Array Technologies' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Array Technologies or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Array Technologies generated a negative expected return over the last 90 days
Array Technologies has high historical volatility and very poor performance
Array Technologies has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 821.36 M. Net Loss for the year was (37.93 M) with profit before overhead, payroll, taxes, and interest of 202.8 M.
Array Technologies currently holds about 116.39 M in cash with (61.54 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86.
Array Technologies has a frail financial position based on the latest SEC disclosures
Latest headline from MacroaxisInsider: Array Technologies exotic insider transaction detected

Array Technologies Upcoming and Recent Events

Earnings reports are used by Array Technologies to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Array Technologies previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report8th of March 2022
Next Earnings Report10th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of March 2022
Last Quarter Report30th of September 2021
Last Earning Announcement31st of December 2020

Array Largest EPS Surprises

Earnings surprises can significantly impact Array Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-03-09
2020-12-310.05610.080.023942 
2021-08-11
2021-06-300.02970.070.0403135 
View All Earnings Estimates

Array Technologies SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Array Technologies prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Array Technologies investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Array Technologies specific information freely available to individual and institutional investors to make a timely investment decision.
12th of January 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Unregistered Sales of Equity Securities. Completion of Acquisition or Disposition of Assets. Entry into a Material Definitive Agreement
View
11th of January 2022
Unclassified Corporate Event
View
3rd of January 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
20th of December 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
9th of December 2021
Other Events. Unregistered Sales of Equity Securities. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Entry into a Material Definitive Agreement
View
7th of December 2021
Financial Statements and Exhibits. Unregistered Sales of Equity Securities. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Entry into a Material Definitive Agreement
View
29th of November 2021
Financial Statements and Exhibits. Regulation FD Disclosure
View
24th of November 2021
Unclassified Corporate Event
View

Array Technologies Thematic Classifications

In addition to having Array Technologies stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Cancer Fighters IdeaCancer Fighters
Public companies from health care and pharmaceutical sectors that are focused on fighting cancer

Array Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Array Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Array Technologies backward and forwards among themselves. Array Technologies' institutional investor refers to the entity that pools money to purchase Array Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Viking Fund Management LlcCommon Shares73 K1.1 M
Green Alpha Advisors LlcCommon Shares38.2 K600 K
Spire Wealth ManagementCommon Shares2.1 K34 K
Hall Laurie J TrusteeCommon Shares590K
Fmr LlcCommon Shares15.1 M279.3 M
Vanguard Group IncCommon Shares11 M203.8 M
Blackrock IncCommon Shares10.5 M193.8 M
Note, although Array Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Array Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 1.77 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Array Technologies's market, we take the total number of its shares issued and multiply it by Array Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Array Profitablity

Array Technologies' profitability indicators refer to fundamental financial ratios that showcase Array Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, Array Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Array Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Array Technologies' profitability requires more research than a typical breakdown of Array Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (3.95) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 1.45 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.01.
Last ReportedProjected for 2022
Return on Investment(83.01) (89.56) 
Return on Average Assets 0.09  0.08 
Return on Average Equity(0.19) (0.21) 
Return on Invested Capital 1.10  1.18 
Return on Sales 0.12  0.13 

Management Efficiency

The entity has return on total asset (ROA) of 1.12 % which means that it generated profit of $1.12 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (10.47) %, meaning that it created substantial loss on money invested by shareholders. Array Technologies management efficiency ratios could be used to measure how well array technologies manages its routine affairs as well as how well it operates its assets and liabilities. Array Technologies Return on Invested Capital is fairly stable at the moment as compared to the past year. Array Technologies reported Return on Invested Capital of 1.10 in 2021. Return on Sales is likely to rise to 0.13 in 2022, whereas Return on Investment is likely to drop (89.56)  in 2022. Array Technologies Total Assets are fairly stable at the moment as compared to the past year. Array Technologies reported Total Assets of 754.43 Million in 2021. Current Assets is likely to rise to about 452.6 M in 2022, whereas Tax Assets are likely to drop slightly above 17.1 M in 2022.
Last ReportedProjected for 2022
Book Value per Share(0.60) (0.65) 
Enterprise Value over EBIT 53.10  52.79 
Enterprise Value over EBITDA 40.76  40.52 
Price to Book Value(60.95) (65.76) 
Tangible Assets Book Value per Share 3.67  3.87 
Enterprise Value4.9 B4.9 B
Tangible Asset Value446.2 M468.3 M

Technical Drivers

As of the 23rd of January, Array Technologies shows the risk adjusted performance of (0.12), and Mean Deviation of 3.54. Array Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Array Technologies, which can be compared to its rivals. Please confirm Array Technologies standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Array Technologies is priced correctly, providing market reflects its regular price of 10.68 per share. Given that Array Technologies has jensen alpha of (0.69), we suggest you to validate Array Technologies's prevailing market performance to make sure the company can sustain itself at a future point.

Array Technologies Price Movement Analysis

The output start index for this execution was thirty-nine with a total number of output elements of twenty-two. View also all equity analysis or get more info about mavp overlap studies indicator.

Array Technologies Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Array Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Array Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Array Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Array Technologies Predictive Daily Indicators

Array Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Array Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Array Technologies Forecast Models

Array Technologies time-series forecasting models is one of many Array Technologies' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Array Technologies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Array Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Array Technologies stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Array shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Array Technologies. By using and applying Array Stock analysis, traders can create a robust methodology for identifying Array entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin(85.99) (92.78) 
EBITDA Margin 0.16  0.17 
Gross Margin 0.27  0.24 
Profit Margin 0.08  0.08 
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. The company was founded in 1989 and is based in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 387 people.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Array Technologies to your portfolios without increasing risk or reducing expected return.

Did you try this?

Run Balance Of Power Now

   

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
All  Next Launch Module
Please continue to Trending Equities. Note that the Array Technologies information on this page should be used as a complementary analysis to other Array Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Array Stock analysis

When running Array Technologies price analysis, check to measure Array Technologies' 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 Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Is Array Technologies' 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 Technologies. 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 Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Array Technologies 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 Technologies' value that differs from its market value or its book value, called intrinsic value, which is Array Technologies' 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 Technologies' market value can be influenced by many factors that don't directly affect Array Technologies' 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 Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Array Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array Technologies' 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.