After finishing at $2.48 in the prior trading day, Accuray Inc (NASDAQ: ARAY) closed at $2.37, down -4.44%. In other words, the price has decreased by -$0.1100 from its previous closing price. On the day, 1146169 shares were traded.
Ratios:
Our goal is to gain a better understanding of ARAY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.76. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 4.24 whereas as Long-Term Debt/Eq ratio is at 3.98.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on February 13, 2024, initiated with a Buy rating and assigned the stock a target price of $9.
On June 23, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $7.50.
On December 22, 2021, Loop Capital started tracking the stock assigning a Buy rating and target price of $7.50.Loop Capital initiated its Buy rating on December 22, 2021, with a $7.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when Hoge Michael sold 11,991 shares for $2.59 per share. The transaction valued at 31,057 led to the insider holds 390,208 shares of the business.
Corradetti GIna sold 14,129 shares of ARAY for $38,729 on Jan 03 ’24. The VP, CAO and Controller now owns 196,138 shares after completing the transaction at $2.74 per share. On Jan 03 ’24, another insider, Pervaiz Ali, who serves as the SVP Chief Financial Officer of the company, sold 2,116 shares for $2.74 each. As a result, the insider received 5,800 and left with 402,743 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARAY now has a Market Capitalization of 235.43M and an Enterprise Value of 364.89M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 4.93. Its current Enterprise Value per Revenue stands at 0.82 whereas that against EBITDA is 61.51.
Stock Price History:
Over the past 52 weeks, ARAY has reached a high of $4.30, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 2.6648, while the 200-Day Moving Average is calculated to be 2.9787.
Shares Statistics:
The stock has traded on average 412.15K shares per day over the past 3-months and 427.32k shares per day over the last 10 days, according to various share statistics. A total of 96.53M shares are outstanding, with a floating share count of 93.29M. Insiders hold about 5.93% of the company’s shares, while institutions hold 64.80% stake in the company. Shares short for ARAY as of Feb 29, 2024 were 5.12M with a Short Ratio of 12.43, compared to 5.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.17% and a Short% of Float of 5.25%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0 and a low estimate of -$0.03, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.06, with high estimates of $0.08 and low estimates of $0.03.
Analysts are recommending an EPS of between -$0.05 and -$0.13 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is $0.13, with 3 analysts recommending between $0.17 and $0.1.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for ARAY’s current fiscal year. The highest revenue estimate was $464.6M, while the lowest revenue estimate was $460.2M, resulting in an average revenue estimate of $462.08M. In the same quarter a year ago, actual revenue was $447.61M, up 3.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $489.57M in the next fiscal year. The high estimate is $492.8M and the low estimate is $484.9M. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
