Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Accuray Inc (NASDAQ: ARAY) was $2.19 for the day, down -1.79% from the previous closing price of $2.23. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 0.53 million shares were traded. ARAY stock price reached its highest trading level at $2.25 during the session, while it also had its lowest trading level at $2.15.
Ratios:
Our analysis of ARAY’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 220237360 and an Enterprise Value of 303275392. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 4.86. Its current Enterprise Value per Revenue stands at 0.683 whereas that against EBITDA is 62.402.
Stock Price History:
The Beta on a monthly basis for ARAY is 1.51, which has changed by -0.13565892 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, ARAY has reached a high of $2.95, while it has fallen to a 52-week low of $1.40. The 50-Day Moving Average of the stock is 6.09%, while the 200-Day Moving Average is calculated to be 14.94%.
Shares Statistics:
ARAY traded an average of 667.70K shares per day over the past three months and 532420 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 61.16% stake in the company. Shares short for ARAY as of 1736899200 were 4025232 with a Short Ratio of 6.03, compared to 1734048000 on 3590065. Therefore, it implies a Short% of Shares Outstanding of 4025232 and a Short% of Float of 4.099999700000001.
