Array Technologiesinc Stock Revenue
| ARRY Stock | USD 13.46 0.40 3.06% |
Array TechnologiesInc fundamentals help investors to digest information that contributes to Array TechnologiesInc's financial success or failures. It also enables traders to predict the movement of Array Stock. The fundamental analysis module provides a way to measure Array TechnologiesInc's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Array TechnologiesInc stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 1.6 B | 1.5 B |
Array | Revenue |
Array TechnologiesInc Company Revenue Analysis
Array TechnologiesInc's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Array TechnologiesInc Revenue | 1.58 B |
Most of Array TechnologiesInc's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Array TechnologiesInc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Array
Projected quarterly revenue analysis of Array TechnologiesInc provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Array TechnologiesInc match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Array TechnologiesInc's stock price.
Array Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Array TechnologiesInc is extremely important. It helps to project a fair market value of Array Stock properly, considering its historical fundamentals such as Revenue. Since Array TechnologiesInc's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Array TechnologiesInc's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Array TechnologiesInc's interrelated accounts and indicators.
| -0.17 | -0.17 | 0.83 | 0.55 | 0.72 | ||
| -0.17 | 1.0 | -0.16 | -0.13 | -0.15 | ||
| -0.17 | 1.0 | -0.16 | -0.12 | -0.15 | ||
| 0.83 | -0.16 | -0.16 | 0.79 | 0.89 | ||
| 0.55 | -0.13 | -0.12 | 0.79 | 0.79 | ||
| 0.72 | -0.15 | -0.15 | 0.89 | 0.79 |
Click cells to compare fundamentals
Array Revenue Historical Pattern
Today, most investors in Array TechnologiesInc Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Array TechnologiesInc's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Array TechnologiesInc revenue as a starting point in their analysis.
Array TechnologiesInc Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Array Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Array TechnologiesInc reported 1.58 B of revenue. This is 61.32% lower than that of the Electrical Equipment sector and 23.72% higher than that of the Industrials industry. The revenue for all United States stocks is 83.29% higher than that of the company.
Array Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Array TechnologiesInc's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Array TechnologiesInc could also be used in its relative valuation, which is a method of valuing Array TechnologiesInc by comparing valuation metrics of similar companies.Array TechnologiesInc is currently under evaluation in revenue category among related companies.
Array TechnologiesInc Institutional Holders
Institutional Holdings refers to the ownership stake in Array TechnologiesInc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Array TechnologiesInc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Array TechnologiesInc's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.7 M | State Street Corporation | 2023-12-31 | 3.7 M | Geode Capital Management, Llc | 2023-12-31 | 3.3 M | Sam Sustainable Asset Management Ltd | 2023-12-31 | 2.9 M | Amundi | 2023-12-31 | 2.6 M | Deutsche Bank Ag | 2023-12-31 | 2.6 M | Fmr Inc | 2023-12-31 | 2.4 M | Granahan Investment Management Inc.. | 2023-12-31 | 2.3 M | Ack Asset Management Llc | 2023-12-31 | 2.2 M | Blackrock Inc | 2023-12-31 | 17.5 M | Vanguard Group Inc | 2023-12-31 | 13.9 M |
Array Fundamentals
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.0795 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 2.79 B | ||||
| Shares Outstanding | 151.73 M | ||||
| Shares Owned By Insiders | 0.41 % | ||||
| Shares Owned By Institutions | 99.59 % | ||||
| Number Of Shares Shorted | 26.64 M | ||||
| Price To Earning | 41.98 X | ||||
| Price To Book | 7.57 X | ||||
| Price To Sales | 1.25 X | ||||
| Revenue | 1.58 B | ||||
| Gross Profit | 227.28 M | ||||
| EBITDA | 271.91 M | ||||
| Net Income | 137.24 M | ||||
| Cash And Equivalents | 62.78 M | ||||
| Cash Per Share | 0.42 X | ||||
| Total Debt | 707.64 M | ||||
| Debt To Equity | 2.25 % | ||||
| Current Ratio | 1.70 X | ||||
| Book Value Per Share | 1.71 X | ||||
| Cash Flow From Operations | 231.96 M | ||||
| Short Ratio | 4.97 X | ||||
| Earnings Per Share | 0.56 X | ||||
| Price To Earnings To Growth | 1.93 X | ||||
| Target Price | 19.85 | ||||
| Number Of Employees | 1.03 K | ||||
| Beta | 1.65 | ||||
| Market Capitalization | 1.98 B | ||||
| Total Asset | 1.71 B | ||||
| Retained Earnings | (130.23 M) | ||||
| Working Capital | 496.59 M | ||||
| Current Asset | 158.02 M | ||||
| Current Liabilities | 64.21 M | ||||
| Net Asset | 1.71 B |
About Array TechnologiesInc Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Array TechnologiesInc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Array TechnologiesInc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Array TechnologiesInc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Array TechnologiesInc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Array TechnologiesInc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Array TechnologiesInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Array Stock
| 0.64 | FBYD | Falcons Beyond Global | PairCorr |
| 0.61 | BBU | Brookfield Business | PairCorr |
Moving against Array Stock
| 0.46 | FIP | FTAI Infrastructure | PairCorr |
The ability to find closely correlated positions to Array TechnologiesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Array TechnologiesInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Array TechnologiesInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Array TechnologiesInc to buy it.
The correlation of Array TechnologiesInc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Array TechnologiesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Array TechnologiesInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Array TechnologiesInc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Array TechnologiesInc Piotroski F Score and Array TechnologiesInc Altman Z Score analysis. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's 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 the 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 (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
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 if Array TechnologiesInc is a good investment 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.