The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Accuray Inc (NASDAQ: ARAY) was $1.79 for the day, up 1.70% from the previous closing price of $1.76. In other words, the price has increased by $1.70 from its previous closing price. On the day, 0.51 million shares were traded. ARAY stock price reached its highest trading level at $1.805 during the session, while it also had its lowest trading level at $1.73.
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 0.93 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:
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.
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 179490464 and an Enterprise Value of 259509504. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 0.581 whereas that against EBITDA is 28.806.
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 -6.15%, while the 200-Day Moving Average is calculated to be -17.01%.
Shares Statistics:
ARAY traded an average of 915.86K shares per day over the past three months and 535820 shares per day over the past ten 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 62.20% stake in the company. Shares short for ARAY as of 1727654400 were 3943978 with a Short Ratio of 4.31, compared to 1724976000 on 4188237. Therefore, it implies a Short% of Shares Outstanding of 3943978 and a Short% of Float of 4.03.
Earnings Estimates
Accuray Inc (ARAY) is currently under the scrutiny of 4.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.02, with high estimates of $0.01 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.02 and -$0.04 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.12, with 3.0 analysts recommending between $0.14 and $0.08.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $100.1M to a low estimate of $95.9M. As of the current estimate, Accuray Inc’s year-ago sales were $103.89MFor the next quarter, 4 analysts are estimating revenue of $112.02M. There is a high estimate of $115.57M for the next quarter, whereas the lowest estimate is $109M.
A total of 4 analysts have provided revenue estimates for ARAY’s current fiscal year. The highest revenue estimate was $465.5M, while the lowest revenue estimate was $456.8M, resulting in an average revenue estimate of $461.85M. In the same quarter a year ago, actual revenue was $446.55MBased on 3 analysts’ estimates, the company’s revenue will be $491.97M in the next fiscal year. The high estimate is $493.4M and the low estimate is $490.6M.
