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Are Investors Undervaluing Array Technologies (ARRY) Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Array Technologies (ARRY - Free Report) . ARRY is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 9.1, which compares to its industry's average of 17.71. Over the last 12 months, ARRY's Forward P/E has been as high as 12.17 and as low as 5.84, with a median of 8.40.
Investors will also notice that ARRY has a PEG ratio of 0.42. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ARRY's industry currently sports an average PEG of 1.00. ARRY's PEG has been as high as 1.22 and as low as 0.28, with a median of 0.63, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ARRY has a P/S ratio of 0.81. This compares to its industry's average P/S of 1.35.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Array Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ARRY feels like a great value stock at the moment.
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Are Investors Undervaluing Array Technologies (ARRY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Array Technologies (ARRY - Free Report) . ARRY is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 9.1, which compares to its industry's average of 17.71. Over the last 12 months, ARRY's Forward P/E has been as high as 12.17 and as low as 5.84, with a median of 8.40.
Investors will also notice that ARRY has a PEG ratio of 0.42. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ARRY's industry currently sports an average PEG of 1.00. ARRY's PEG has been as high as 1.22 and as low as 0.28, with a median of 0.63, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ARRY has a P/S ratio of 0.81. This compares to its industry's average P/S of 1.35.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Array Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ARRY feels like a great value stock at the moment.