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Array Digital Infrastructure (NYSE:AD) Hits New 12-Month Low - What's Next?

Array Digital Infrastructure logo with Communication Services background

Key Points

  • Array Digital Infrastructure Inc. reached a new 12-month low, trading at $47.84, indicating ongoing struggles in the stock market.
  • Analysts have mixed views on the stock, with ratings ranging from "hold" to "buy," reflecting uncertainty about its future performance.
  • Significant insider trading occurred, with CEO Douglas W. Chambers selling over 93,000 shares, marking an 84.13% decrease in his ownership stake.
  • Interested in Array Digital Infrastructure? Here are five stocks we like better.

Array Digital Infrastructure Inc. (NYSE:AD - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $47.84 and last traded at $48.31, with a volume of 21497 shares. The stock had previously closed at $48.39.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Array Digital Infrastructure to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Array Digital Infrastructure from a "hold" rating to a "buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Get Our Latest Stock Analysis on AD

Array Digital Infrastructure Trading Down 0.0%

The stock has a market cap of $4.16 billion, a P/E ratio of -161.26 and a beta of 0.31. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.61.

Insider Buying and Selling at Array Digital Infrastructure

In other Array Digital Infrastructure news, CEO Douglas W. Chambers sold 93,300 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $75.77, for a total transaction of $7,069,341.00. Following the completion of the sale, the chief executive officer directly owned 17,600 shares in the company, valued at $1,333,552. This represents a 84.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harry J. Harczak, Jr. sold 1,960 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $76.20, for a total transaction of $149,352.00. Following the sale, the director owned 19,374 shares of the company's stock, valued at approximately $1,476,298.80. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Array Digital Infrastructure Company Profile

(Get Free Report)

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.

Further Reading

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