Is Array Technologies Stock a Good Investment?
Array Technologies Investment Advice | ARRY |
- Examine Array Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Array Technologies' leadership team and their track record. Good management can help Array Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Array Technologies' business and its evolving consumer preferences.
- Compare Array Technologies' performance and market position to its competitors. Analyze how Array Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Array Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Array Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Array Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Array Technologies is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves totally opposite to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Array Technologies Stock
Researching Array Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 100.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.37. Array Technologies recorded a loss per share of 0.98. The entity had not issued any dividends in recent years.
To determine if Array Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Array Technologies' research are outlined below:
| Array Technologies had very high historical volatility over the last 90 days | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Array Technologies Stock Surges Amid Mixed Financial Performance |
Array Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Array Technologies. Every quarterly earnings report provides investors with 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.
| 19th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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. Below are the table of largest EPS Surprises Array Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-03-21 | 2022-12-31 | 0.08 | 0.1 | 0.02 | 25 | ||
2021-11-11 | 2021-09-30 | -0.05 | -0.07 | -0.02 | 40 | ||
2021-03-09 | 2020-12-31 | 0.06 | 0.08 | 0.02 | 33 | ||
2024-11-07 | 2024-09-30 | 0.14 | 0.17 | 0.03 | 21 | ||
2021-12-31 | 2021-12-31 | -0.03 | -0.06 | -0.03 | 100 | ||
2022-05-10 | 2022-03-31 | -0.06 | -0.02 | 0.04 | 66 | ||
2022-08-09 | 2022-06-30 | 0.03 | 0.09 | 0.06 | 200 | ||
2021-08-11 | 2021-06-30 | 0.01 | 0.07 | 0.06 | 600 |
Know Array Technologies' Top 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.
| Shares | Amvescap Plc. | 2024-06-30 | 3.8 M | Geode Capital Management, Llc | 2024-09-30 | 3.5 M | Deutsche Bank Ag | 2024-06-30 | 3.2 M | Fmr Inc | 2024-09-30 | 2.7 M | Handelsbanken Fonder Ab | 2024-09-30 | 2.7 M | Clean Energy Transition Llp | 2024-09-30 | 2.6 M | Sir Capital Management, L.p. | 2024-09-30 | 2.6 M | Sam Sustainable Asset Management Ltd | 2024-09-30 | 2.6 M | Amundi | 2024-06-30 | 2.4 M | Blackrock Inc | 2024-06-30 | 15.2 M | Vanguard Group Inc | 2024-09-30 | 14.3 M |
Array Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.06 B.Market Cap |
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Array Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.15 | 0.16 | |
| Return On Capital Employed | 0.16 | 0.16 | |
| Return On Assets | 0.08 | 0.08 | |
| Return On Equity | 0.22 | 0.24 |
Determining Array Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Array Technologies is a good buy. For example, gross profit margin measures Array Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Array Technologies' profitability and make more informed investment decisions.
Array Technologies' Earnings Breakdown by Geography
Please note, the imprecision that can be found in Array Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Array Technologies. Check Array Technologies' Beneish M Score to see the likelihood of Array Technologies' management manipulating its earnings.
Evaluate Array Technologies' management efficiency
Array Technologies has return on total asset (ROA) of 0.0389 % which means that it generated a profit of $0.0389 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1754) %, 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. Return On Tangible Assets is likely to rise to 0.16 in 2024. Return On Capital Employed is likely to rise to 0.16 in 2024. At this time, Array Technologies' Non Currrent Assets Other are fairly stable compared to the past year. Net Tangible Assets is likely to rise to about 511.8 M in 2024, whereas Total Assets are likely to drop slightly above 1.6 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.04 | 4.25 | |
| Tangible Book Value Per Share | (1.16) | (1.22) | |
| Enterprise Value Over EBITDA | 10.84 | 10.30 | |
| Price Book Value Ratio | 4.15 | 4.36 | |
| Enterprise Value Multiple | 10.84 | 10.30 | |
| Price Fair Value | 4.15 | 4.36 | |
| Enterprise Value | 4.1 B | 5 B |
The strategic initiatives led by Array Technologies' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 1.613 |
Basic technical analysis of Array Stock
As of the 30th of November, Array Technologies shows the Downside Deviation of 5.63, risk adjusted performance of 0.0372, and Mean Deviation of 4.59. 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.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' Outstanding Corporate Bonds
Array Technologies 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 Technologies 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 Technologies 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.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| ARROW ELECTRS INC Corp BondUS042735BE98 | View | |
| ARROW ELECTRS INC Corp BondUS042735BF63 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| ARW 295 15 FEB 32 Corp BondUS04273WAC55 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| ARROW ELECTRS INC Corp BondUS042735AK67 | View |
Understand Array Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Array Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0372 | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 4.59 | |||
| Semi Deviation | 5.45 | |||
| Downside Deviation | 5.63 | |||
| Coefficient Of Variation | 2687.97 | |||
| Standard Deviation | 6.0 | |||
| Variance | 35.99 | |||
| Information Ratio | 0.0143 | |||
| Jensen Alpha | 0.3224 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 37.94 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 10.6 | |||
| Downside Variance | 31.75 | |||
| Semi Variance | 29.75 | |||
| Expected Short fall | (5.27) | |||
| Skewness | (0.19) | |||
| Kurtosis | 2.29 |
| Risk Adjusted Performance | 0.0372 | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 4.59 | |||
| Semi Deviation | 5.45 | |||
| Downside Deviation | 5.63 | |||
| Coefficient Of Variation | 2687.97 | |||
| Standard Deviation | 6.0 | |||
| Variance | 35.99 | |||
| Information Ratio | 0.0143 | |||
| Jensen Alpha | 0.3224 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 37.94 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 10.6 | |||
| Downside Variance | 31.75 | |||
| Semi Variance | 29.75 | |||
| Expected Short fall | (5.27) | |||
| Skewness | (0.19) | |||
| Kurtosis | 2.29 |
Consider Array Technologies' intraday 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.
| Accumulation Distribution | 132998.0 | |||
| Daily Balance Of Power | (0.94) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 6.87 | |||
| Day Typical Price | 6.81 | |||
| Price Action Indicator | (0.30) | |||
| Period Momentum Indicator | (0.29) | |||
| Relative Strength Index | 42.22 |
Array Technologies Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 13th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 7th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Array Stock media impact
Far too much social signal, news, headlines, and media speculation about Array Technologies that are available to investors today. That information is available publicly through Array media outlets and privately through word of mouth or via Array internal channels. However, regardless of the origin, that massive amount of Array data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Array Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Array Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Array Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Array Technologies alpha.
Array Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Array Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Array Technologies Historical Investor Sentiment
Investor biases related to Array Technologies' 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 Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Array Technologies' 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 Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Array Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Array Technologies.
Array Technologies Corporate Management
| Kevin Hostetler | CEO Director | Profile | |
| Aaron Gabelnick | Chief Officer | Profile | |
| Erica Brinker | Social Environmental | Profile | |
| Thierry MarinMartinod | Chief Officer | Profile | |
| Neil Manning | Chief Officer | Profile | |
| Nipul Patel | Chief Officer | Profile |
Already Invested in Array Technologies?
The danger of trading Array Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Array Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Array Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Array Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional 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 the 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.