How to Buy Array Technologies Stock
Array Technologies Inc
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally.
Array Technologies stock last closed at $19.09, up 3.36% from the previous day, and has increased 55.96% in one year. It has overperformed other stocks in the Solar industry by 0.5 percentage points. Array Technologies stock is currently +250.6% from its 52-week low of $5.45, and -22.37% from its 52-week high of $24.59.
There are currently 150.77M shares of ARRY outstanding. The market capitalization of ARRY is $2.88B. In the past 24 hours, 3.77M ARRY shares were traded.
How to Buy Array Technologies Stock
Not sure how to invest in Array Technologies stock? Here's how.
- Figure out where to buy Array Technologies stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Array Technologies stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Array Technologies stock: The Array Technologies ticker symbol is ARRY. Is Array Technologies stock a good investment? Should you buy shares of ARRY? How do ARRY's underlying business fundamentals look? Do top analysts think Array Technologies is a good buy? Why has ARRY's stock price moved recently? (Hint: Our stock research website can help you decide if ARRY is a good stock to buy).
- Execute your ARRY buy order: Decide if you will purchase ARRY shares at the current market price or use a limit order to buy ARRY stock at a particular price.
- Get key alerts regarding your investment in ARRY: Create a watchlist to watch your investment in Array Technologies stock.
Step 1: Figure out where to buy Array Technologies stock
You need an online brokerage account in order to access the NASDAQ market and buy ARRY stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you are able to invest in ARRY today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal info to create your new brokerage account.
- Send your application by clicking the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've filled out your info on app for stock market, you need to deposit funds:
Watch the walkthrough below if you need help transferring money into your new brokerage account.
Step 4: Evaluate Array Technologies stock
Once you have selected the best place to buy Array Technologies stock, it's absolutely critical to evaluate their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Array Technologies quick stats
ARRY Overview
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on ARRY's stock page.
How is ARRY stock valued?
You can use many financial metrics, analyses, models, and charts to gauge ARRY's true value.
Using relative valuations ratios:
- ARRY could be overvalued based on its P/B ratio of 23.16x, relative to Solar industry P/B ratio of 3.8x
You can access more valuation analysis on ARRY's stock here.
ARRY Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ARRY balance sheet.
- There are more short-term assets than long-term liabilities on the ARRY balance sheet.
- ARRY profit margin has gone up from -7.7% to -2.7% in the past year.
Negative Financial Indicators:
- ARRY earnings of $28.56M is not enough to cover its interest payments.
- ARRY's operating cash flow of $141.49M allows it to safely service it's debt of $759.04M.
- ARRY has a relatively high debt to equity ratio of 10.32.
Is Array Technologies stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 Equities analysts who give forecasts on ARRY, the consensus analyst rating on Array Technologies is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest ARRY Analyst Upgrades/Downgrades
Joseph Osha, a top 1% analyst from Guggenheim maintains ARRY with a strong buy rating and lowers their ARRY price target from $36.00 to $35.00, on Mar 22, 2023.
Vikram Bagri, a bottom 7% analyst from Citigroup initiates coverage on ARRY with a hold rating and announces their ARRY price target of $24.00, on Mar 10, 2023.
Kashy Harrison, a bottom 2% analyst from Piper Sandler maintains ARRY with a strong buy rating and lowers their ARRY price target from $28.00 to $26.00, on Mar 7, 2023.
Tristan Richardson, a bottom 12% analyst from ScotiaBank initiates coverage on ARRY with a buy rating and announces their ARRY price target of $26.00, on Mar 2, 2023.
Jordan Levy, a bottom 3% analyst from Truist Securities maintains ARRY with a hold rating and raises their ARRY price target from $17.00 to $22.00, on Feb 28, 2023.
You can dive deeper into what analysts are saying on the Array Technologies stock forecast page.
ARRY Technical Indicators
ARRY Growth Numbers
Last year, ARRY revenue was $1.64B. During the last 4 year, ARRY's revenue has increased by 54.05% per year. This was faster than the Solar industry average of 30.02%.
You can research ARRY's earnings and revenue performance here.
Are ARRY executives and large shareholders buying or selling the stock?
Over the last 12 months, executives and large shareholders at ARRY have bought more shares than they have sold.
Terrance L. Collins, Chief Human Resources Officer of ARRY, was the latest ARRY insider to sell. They sold $60,683.20 worth of ARRY shares on Mar 16, 2023.
Learn more about who owns ARRY stock here.
Can I get consistent income from ARRY stock?
No, Array Technologies doesn't provide an income stream by paying out dividends.
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Step 5: Execute your ARRY buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and your broker will place the order.
If you want additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your investment in ARRY
Now that you own some ARRY stock, you'll want to keep up with your new company.
Add ARRY to a watchlist to get notified of the latest news about your ARRY stock.
ARRY Feed
How to Buy Stock in Array Technologies
To summarize, here are the 6 steps to buy stock in Array Technologies:
- Figure out where to buy Array Technologies stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Array Technologies stock
- Execute your ARRY buy order
- Get key alerts regarding your investment in ARRY
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Array Technologies, add ARRY to your watchlist below.
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