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 $11.94, down 2.37% from the previous day, and has decreased 43.22% in one year. It has overperformed other stocks in the Solar industry by 0.12 percentage points. Array Technologies stock is currently +10.35% from its 52-week low of $10.82, and -55.18% from its 52-week high of $26.64.
There are currently 151.29M shares of ARRY outstanding. The market capitalization of ARRY is $1.81B. In the past 24 hours, 3.54M 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
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 undervalued based on its P/E ratio of 20.95x, relative to Solar industry P/E ratio of 30.94x
- ARRY could be overvalued based on its P/B ratio of 6.97x, relative to Solar industry P/B ratio of 2.42x
- ARRY may be undervalued based on its PEG ratio of 0.33x
You can access additional valuation research on ARRY's stock here.
ARRY Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ARRY balance sheet.
- ARRY earnings of $221.39M is not enough to cover its interest payments.
- ARRY's operating cash flow of $231.96M allows it to safely service it's debt of $682.42M.
- There are more short-term assets than long-term liabilities on the ARRY balance sheet.
- ARRY profit margin has gone up from -2.7% to 5.4% in the past year.
Negative Financial Indicators:
- ARRY has a relatively high debt to equity ratio of 4.23.
- Total ARRY debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy ARRY stock
Out of 12 Equities analysts who give forecasts on ARRY, the consensus analyst rating on ARRY is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent ARRY Analyst Ratings
Brian Lee, a bottom 2% analyst from Goldman Sachs maintains ARRY with a strong buy rating and lowers their ARRY price target from $31.00 to $27.00, on Feb 29, 2024.
Jordan Levy, a bottom 2% analyst from Truist Securities maintains ARRY with a strong buy rating and lowers their ARRY price target from $25.00 to $23.00, on Feb 29, 2024.
Derek Soderberg, a bottom 1% analyst from Cantor Fitzgerald maintains ARRY with a strong buy rating and lowers their ARRY price target from $22.00 to $18.00, on Feb 28, 2024.
Mark Strouse, a top 19% analyst from JP Morgan maintains ARRY with a strong buy rating and lowers their ARRY price target from $35.00 to $29.00, on Feb 28, 2024.
Michael Blum, a top 11% analyst from Wells Fargo downgrades ARRY to a hold rating and lowers their ARRY price target from $22.00 to $19.00, on Jan 8, 2024.
You can dive deeper into what analysts are saying on the Array Technologies stock forecast page.
ARRY Momentum
Is ARRY Growing Revenue?
Last year, ARRY earnings were $85.55M. During the last four year, ARRY's earnings have gone up by 14.64% per year. This was slower than the Solar industry average of 16.48%.
Last year, ARRY revenue was $1.58B. In the last five year, ARRY's revenue has gone up by 40.23% per year. This was faster than the Solar industry average of 24.15%.
Find out more about ARRY's earnings and revenue performance here.
Latest Insiders Trades at ARRY
In the past 12 months, executives and large shareholders at ARRY have sold more shares than they have bought.
Kevin G. Hostetler, Chief Executive Officer of ARRY, was the latest ARRY insider to sell. They sold $164,330.60 worth of ARRY shares on Apr 18, 2024.
Get more info about who owns ARRY shares here.
Does ARRY stock generate passive income?
No, Array Technologies doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your ARRY buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Press the Open Trade button and your broker will place the order.
If you want more info about investing in stocks on eToro, watch 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 stay up-to-date on your new investment.
Add ARRY to a watchlist to keep track of your ARRY stock.
ARRY Feed
How to Buy Stock in Array Technologies
To reiterate, 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 require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Array Technologies, create your watchlist below.
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