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The price of Accuray Inc (NASDAQ: ARAY) closed at $1.87 in the last session, up 3.89% from day before closing price of $1.80. In other words, the price has increased by $3.89 from its previous closing price. On the day, 0.79 million shares were traded. ARAY stock price reached its highest trading level at $1.9 during the session, while it also had its lowest trading level at $1.754.
Ratios:
We take a closer look at ARAY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 4.68 whereas as Long-Term Debt/Eq ratio is at 4.36.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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.
Chalke Sandeep sold 26,799 shares of ARAY for $45,612 on Dec 01 ’23. The SVP, Chief Commercial Officer now owns 531,341 shares after completing the transaction at $1.70 per share. On Jun 04 ’24, another insider, Pervaiz Ali, who serves as the SVP Chief Financial Officer of the company, sold 2,701 shares for $1.70 each. As a result, the insider received 4,597 and left with 402,542 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 187512384 and an Enterprise Value of 270538976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 4.16. Its current Enterprise Value per Revenue stands at 0.606 whereas that against EBITDA is 30.03.
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 -2.71%, while the 200-Day Moving Average is calculated to be -12.61%.
Shares Statistics:
According to the various share statistics, ARAY traded on average about 898.40K shares per day over the past 3-months and 491750 shares per day over the past 10 days. A total of 100.19M shares are outstanding, with a floating share count of 94.73M. Insiders hold about 5.52% of the company’s shares, while institutions hold 62.17% stake in the company. Shares short for ARAY as of 1727654400 were 3943978 with a Short Ratio of 4.39, compared to 1724976000 on 4188237. Therefore, it implies a Short% of Shares Outstanding of 3943978 and a Short% of Float of 4.03.
