Array Technologies (ARRY) stock forecast for 2024. Forecast tables and graphs.







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Array Technologies (ARRY) stock forecast for 2024

Updated: March 28, 2024 (11:57)

Sector: Technology

The share price of Array Technologies, Inc. (ARRY) now

What analysts predict: $19.98
52-week High/Low: $26.64 / $11.38

50/200 Day Moving Average: $13.49 / $17.95

This figure corresponds to the Average Price over the previous 50/200 days. For Array Technologies stocks, the 50-day moving average is the resistance level today.

For Array Technologies stocks, the 200-day moving average is the resistance level today.

Are you interested in Array Technologies, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Array Technologies stock price in 2024. How much will one Array Technologies share be worth in 2024? Is it worth taking profit / loss on ARRY stock now or waiting? What are analysts' forecasts for Array Technologies stock?

We forecast Array Technologies stock performance using neural networks based on historical data on ARRY stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Array Technologies, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Array Technologies analysts is $19.98. Today 200 Day Moving Average is the resistance level (17.95 $). 50 Day Moving Average is the resistance level (13.49 $).




Historical and forecast chart of Array Technologies, Inc. stock

The chart below shows the historical price of Array Technologies stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ARRY stock price can be found in the table below.


Array Technologies Inc. provides solar tracking solutions and services for utility scale projects. Its products include DuraTrack HZ v3, a single axis sun tracking system; and SmarTrack, machine learning software that automatically adjusts the module’s angle based on weather and terrain conditions. The company was founded in 1989 and is based in Albuquerque, New Mexico with additional offices in Europe, Central America and Australia.

Array Technologies (ARRY) Forecast for 2024

Month Target Pes. Opt. Vol., %
Apr 14.80 13.74 15.36 10.58 %
May 15.89 14.41 17.95 19.76 %
Jun 15.29 13.92 16.28 14.54 %
Jul 15.40 14.16 15.96 11.29 %
Aug 14.65 13.10 15.87 17.46 %
Sep 15.55 13.59 17.73 23.36 %
Oct 16.03 14.87 18.31 18.75 %
Nov 17.01 14.74 18.32 19.55 %
Dec 16.30 14.25 17.95 20.60 %

Array Technologies information and performance

Array Technologies Address

3901 MIDWAY PLACE NE, ALBUQUERQUE, NM, US

Market Capitalization: 2 264 781 000 $

Market capitalization of the Array Technologies, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ARRY shares in the company outstanding by the market price of one share.

EBITDA: 257 356 000 $

EBITDA of Array Technologies is earnings before interest, income tax and depreciation of assets.

PE Ratio: 26.73

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.934

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 0.56

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.645
Quarterly Revenue Growth YOY: -0.15
Trailing PE: 26.73

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 13.07

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.884

Enterprise Value (EV) /Revenue

EV To EBITDA: 10.75

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 151288000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Array Technologies price target for 2024 by month


Target values for the price of one Array Technologies share for Apr 2024.

The weighted average target price per Array Technologies share in Apr 2024 is: 14.80.
In Apr, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 10.580% volatility is expected.
Pessimistic target level: 13.74
Optimistic target level: 15.36

Target values for the price of one Array Technologies share for May 2024.

The weighted average target price per Array Technologies share in May 2024 is: 15.89.
In May, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 19.759% volatility is expected.
Pessimistic target level: 14.41
Optimistic target level: 17.95

Target values for the price of one Array Technologies share for Jun 2024.

The weighted average target price per Array Technologies share in Jun 2024 is: 15.29.
In Jun, the Negative dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 14.538% volatility is expected.
Pessimistic target level: 13.92
Optimistic target level: 16.28

Target values for the price of one Array Technologies share for Jul 2024.

The weighted average target price per Array Technologies share in Jul 2024 is: 15.40.
In Jul, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 11.293% volatility is expected.
Pessimistic target level: 14.16
Optimistic target level: 15.96

Target values for the price of one Array Technologies share for Aug 2024.

The weighted average target price per Array Technologies share in Aug 2024 is: 14.65.
In Aug, the Negative dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 17.455% volatility is expected.
Pessimistic target level: 13.10
Optimistic target level: 15.87

Target values for the price of one Array Technologies share for Sep 2024.

The weighted average target price per Array Technologies share in Sep 2024 is: 15.55.
In Sep, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 23.360% volatility is expected.
Pessimistic target level: 13.59
Optimistic target level: 17.73

Target values for the price of one Array Technologies share for Oct 2024.

The weighted average target price per Array Technologies share in Oct 2024 is: 16.03.
In Oct, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 18.753% volatility is expected.
Pessimistic target level: 14.87
Optimistic target level: 18.31

Target values for the price of one Array Technologies share for Nov 2024.

The weighted average target price per Array Technologies share in Nov 2024 is: 17.01.
In Nov, the Positive dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 19.547% volatility is expected.
Pessimistic target level: 14.74
Optimistic target level: 18.32

Target values for the price of one Array Technologies share for Dec 2024.

The weighted average target price per Array Technologies share in Dec 2024 is: 16.30.
In Dec, the Negative dynamics for Array Technologies, Inc. shares will prevail with possible monthly volatility of 20.603% volatility is expected.
Pessimistic target level: 14.25
Optimistic target level: 17.95



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.