Array Stock Analysis

ARRY
 Stock
  

USD 21.85  0.98  4.70%   

The small slide in market price for the last few months could raise concerns from investors as the firm is trading at a share price of 21.85 on 3,589,317 in volume. The company executives did not add much value to Array TechnologiesInc investors in November. However, diversifying your holdings with Array TechnologiesInc or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.54. This high volatility is attributed to the latest market swings and not-so-good earnings reports for some of the Array TechnologiesInc partners.
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The Array TechnologiesInc stock analysis report makes it easy to digest most publicly released information about Array TechnologiesInc 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 TechnologiesInc price relationship with some important fundamental indicators such as market cap and management efficiency.

Array Stock Analysis Notes

About 99.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 1.93. Array TechnologiesInc recorded a loss per share of 0.78. The entity had not issued any dividends in recent years. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 1118 people. For more info on Array TechnologiesInc please contact Kevin Hostetler at 505 881 7567 or go to https://arraytechinc.com.

Array TechnologiesInc 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 TechnologiesInc's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Array TechnologiesInc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Array TechnologiesInc generated a negative expected return over the last 90 days
Array TechnologiesInc has high historical volatility and very poor performance
The company reported the previous year's revenue of 853.32 M. Net Loss for the year was (50.4 M) with profit before overhead, payroll, taxes, and interest of 82.86 M.
Array TechnologiesInc currently holds about 62.78 M in cash with (263.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.42.
Array TechnologiesInc has a frail financial position based on the latest SEC disclosures
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Array Technologies, Inc. Q3 2022 Earnings Call Transcript - Seeking Alpha

Array TechnologiesInc Upcoming and Recent Events

Earnings reports are used by Array TechnologiesInc 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 TechnologiesInc 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 Financial 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 Financial Announcement31st of December 2020

Array Largest EPS Surprises

Earnings surprises can significantly impact Array TechnologiesInc's 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
2021-11-11
2021-09-30-0.05-0.07-0.0240 
2021-03-09
2020-12-310.060.080.0233 
2022-04-05
2022-03-31-0.03-0.06-0.03100 
View All Earnings Estimates

Array TechnologiesInc SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Array TechnologiesInc prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Array TechnologiesInc 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 TechnologiesInc specific information freely available to individual and institutional investors to make a timely investment decision.
1st of September 2022
Unclassified Corporate Event
View
9th of August 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
27th of July 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
21st of July 2022
Financial Statements and Exhibits. Other Events
View
8th of July 2022
Unclassified Corporate Event
View
22nd of June 2022
Financial Statements and Exhibits. Regulation FD Disclosure
View
31st of May 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders
View
10th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

Array TechnologiesInc Thematic Classifications

In addition to having Array TechnologiesInc 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
Public companies from health care and pharmaceutical sectors that are focused on fighting cancer

Array Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 3.29 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Array TechnologiesInc's market, we take the total number of its shares issued and multiply it by Array TechnologiesInc'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 TechnologiesInc's profitability indicators refer to fundamental financial ratios that showcase Array TechnologiesInc's ability to generate income relative to its revenue or operating costs. If, let's say, Array TechnologiesInc is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Array TechnologiesInc's 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 TechnologiesInc's profitability requires more research than a typical breakdown of Array TechnologiesInc's 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 (0.01) %, 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 (0.03) %, which suggests for every $100 dollars of sales, it generated a net operating loss of 0.0.
Last ReportedProjected for 2022
Return on Investment(83.01) (89.56) 
Return on Average Assets(46.93) (50.64) 
Return on Average Equity-4.5 K-4.6 K
Return on Invested Capital(0.039) (0.0421) 
Return on Sales(0.03) (0.0308) 

Management Efficiency

The entity has return on total asset (ROA) of (0.0225) % which means that it has lost $0.0225 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (0.0282) %, meaning that it created substantial loss on money invested by shareholders. Array TechnologiesInc management efficiency ratios could be used to measure how well array technologiesinc manages its routine affairs as well as how well it operates its assets and liabilities. Return on Investment is likely to drop to -89.56 in 2022. Return on Average Assets is likely to drop to -50.64 in 2022. Array TechnologiesInc Total Assets are fairly stable at the moment as compared to the past year. Array TechnologiesInc reported Total Assets of 414.33 Million in 2021. Current Assets is likely to rise to about 438.5 M in 2022, whereas Assets Non Current are likely to drop slightly above 280.7 M in 2022.
Last ReportedProjected for 2022
Book Value per Share(0.53) (0.57) 
Enterprise Value over EBIT(90.00) (92.37) 
Enterprise Value over EBITDA7.7 K6.3 K
Price to Book Value(30.61) (33.03) 
Tangible Assets Book Value per Share 6.91  6.09 
Enterprise Value2.3 B2.8 B
Tangible Asset Value898.5 M778 M

Technical Drivers

As of the 6th of December, Array TechnologiesInc shows the Risk Adjusted Performance of 0.0488, mean deviation of 3.65, and Downside Deviation of 4.33. Array TechnologiesInc 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 TechnologiesInc, which can be compared to its rivals. Please confirm Array TechnologiesInc standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Array TechnologiesInc is priced correctly, providing market reflects its regular price of 21.85 per share. Given that Array TechnologiesInc has jensen alpha of 0.0283, we suggest you to validate Array TechnologiesInc's prevailing market performance to make sure the company can sustain itself at a future point.

Array TechnologiesInc Price Movement Analysis

The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Mid-point over period is an average of Array TechnologiesInc highest and lowest values attained during the given period.
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Array TechnologiesInc 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 TechnologiesInc insiders, such as employees or executives, is commonly permitted as long as it does not rely on Array TechnologiesInc's 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 TechnologiesInc 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 TechnologiesInc Outstanding Bonds

Array TechnologiesInc issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Array TechnologiesInc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Array bonds can be classified according to their maturity, which is the date when Array TechnologiesInc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Array TechnologiesInc Predictive Daily Indicators

Array TechnologiesInc 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 TechnologiesInc 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 TechnologiesInc Forecast Models

Array TechnologiesInc time-series forecasting models is one of many Array TechnologiesInc's 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 TechnologiesInc's 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 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 TechnologiesInc prices is reacting to, or reflecting on a current 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 TechnologiesInc. 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(90.31) (92.69) 
Gross Margin 59.25  53.00 
Profit Margin(97.51) (105.21) 

Current Array Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Array analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Array analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
24.67Hold9Odds
Array TechnologiesInc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Array analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Array stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Array TechnologiesInc, talking to its executives and customers, or listening to Array conference calls.
Array Analyst Advice Details

Array Stock Analysis Indicators

Array TechnologiesInc stock analysis indicators help investors 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 understating and applying Array TechnologiesInc stock analysis, traders can identify Array TechnologiesInc position entry and exit signals to maximize returns.
Begin Period Cash Flow108441000.00
Logo U R LimglogosUSARRY.png
Common Stock Shares Outstanding121514000.00
Total Stockholder Equity413562000.00
DescriptionArray Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system and SmarTrack, a machine learning software that is used to
Total Cashflows From Investing Activities-15332000.00
Tax Provision-10718000.00
Quarterly Earnings Growth Y O Y-0.967
Property Plant And Equipment Net10692000.00
Retained Earnings-263851000.00
Cash And Short Term Investments367670000.00
Cash367670000.00
CodeARRY
Accounts Payable91392000.00
Net Debt347686000.00
50 Day M A18.0654
Total Current Liabilities245305000.00
Currency CodeUSD
Other Operating Expenses901989000.00
Non Current Assets Total290946000.00
Forward Price Earnings21.1864
Non Currrent Assets Other26429000.00
Please continue to Trending Equities. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Array TechnologiesInc 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 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 YOY
(0.97) 
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
1.73
Return On Assets
(0.0225) 
Return On Equity
(0.0282) 
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 Array TechnologiesInc value 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.