Financial Analysis: Accuray Inc (ARAY)’s Ratios Unveil Key Insights

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As of close of business last night, Accuray Inc’s stock clocked out at $1.58, down -2.47% from its previous closing price of $1.62. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 0.72 million shares were traded. ARAY stock price reached its highest trading level at $1.665 during the session, while it also had its lowest trading level at $1.58.

Ratios:

To gain a deeper understanding of ARAY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 5.04 whereas as Long-Term Debt/Eq ratio is at 4.73.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 156686704 and an Enterprise Value of 239843792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 3.82. Its current Enterprise Value per Revenue stands at 0.557 whereas that against EBITDA is 181.014.

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 $1.51. The 50-Day Moving Average of the stock is -31.91%, while the 200-Day Moving Average is calculated to be -41.70%.

Shares Statistics:

It appears that ARAY traded 599.32K shares on average per day over the past three months and 1332550 shares per day over the past ten days. A total of 96.53M shares are outstanding, with a floating share count of 93.53M. Insiders hold about 5.76% of the company’s shares, while institutions hold 64.65% stake in the company. Shares short for ARAY as of 1714435200 were 5616448 with a Short Ratio of 9.37, compared to 1711584000 on 5267076. Therefore, it implies a Short% of Shares Outstanding of 5616448 and a Short% of Float of 5.7600003.

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