For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Accuray Inc’s stock clocked out at $1.83, down -7.58% from its previous closing price of $1.98. In other words, the price has decreased by -$7.58 from its previous closing price. On the day, 0.73 million shares were traded. ARAY stock price reached its highest trading level at $1.97 during the session, while it also had its lowest trading level at $1.795.
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 0.85 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 4.62 whereas as Long-Term Debt/Eq ratio is at 4.30.
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 Sep 04 ’24 when Pervaiz Ali sold 8,404 shares for $2.06 per share. The transaction valued at 17,276 led to the insider holds 394,138 shares of the business.
Pervaiz Ali sold 2,701 shares of ARAY for $4,597 on Jun 04 ’24. The SVP Chief Financial Officer now owns 402,542 shares after completing the transaction at $1.70 per share. On May 29 ’24, another insider, WHITTERS JOSEPH E, who serves as the Director of the company, bought 50,000 shares for $1.58 each. As a result, the insider paid 79,000 and bolstered with 561,053 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 184033952 and an Enterprise Value of 267071984. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 4.06. Its current Enterprise Value per Revenue stands at 0.601 whereas that against EBITDA is 54.953.
Stock Price History:
Over the past 52 weeks, ARAY has reached a high of $3.05, while it has fallen to a 52-week low of $1.40. The 50-Day Moving Average of the stock is -4.16%, while the 200-Day Moving Average is calculated to be -5.42%.
Shares Statistics:
It appears that ARAY traded 603.51K shares on average per day over the past three months and 487980 shares per day over the past ten days. A total of 100.44M shares are outstanding, with a floating share count of 95.57M. Insiders hold about 4.97% of the company’s shares, while institutions hold 60.88% stake in the company. Shares short for ARAY as of 1734048000 were 3590065 with a Short Ratio of 5.95, compared to 1731628800 on 3598529. Therefore, it implies a Short% of Shares Outstanding of 3590065 and a Short% of Float of 3.66.
