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.
Accuray Inc (NASDAQ: ARAY) closed the day trading at $1.35 down -12.90% from the previous closing price of $1.55. In other words, the price has decreased by -$12.90 from its previous closing price. On the day, 2.35 million shares were traded. ARAY stock price reached its highest trading level at $1.56 during the session, while it also had its lowest trading level at $1.335.
Ratios:
For a better understanding of ARAY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 4.46 whereas as Long-Term Debt/Eq ratio is at 4.14.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 11 ’25 when Hoge Michael bought 242,590 shares for $2.30 per share.
Pervaiz Ali sold 8,404 shares of ARAY for $17,276 on Sep 04 ’24. The SVP Chief Financial Officer now owns 394,138 shares after completing the transaction at $2.06 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 138821856 and an Enterprise Value of 242416752. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 2.90. Its current Enterprise Value per Revenue stands at 0.521 whereas that against EBITDA is 12.713.
Stock Price History:
The Beta on a monthly basis for ARAY is 1.31, which has changed by -0.16666669 over the last 52 weeks, in comparison to a change of 0.092895746 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 -22.78%, while the 200-Day Moving Average is calculated to be -29.81%.
Shares Statistics:
Over the past 3-months, ARAY traded about 650.09K shares per day on average, while over the past 10 days, ARAY traded about 657520 shares per day. A total of 102.81M shares are outstanding, with a floating share count of 97.83M. Insiders hold about 4.86% of the company’s shares, while institutions hold 59.96% stake in the company. Shares short for ARAY as of 1744675200 were 3950729 with a Short Ratio of 6.08, compared to 1741910400 on 4527157. Therefore, it implies a Short% of Shares Outstanding of 3950729 and a Short% of Float of 3.9300002000000003.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The market rating for Accuray Inc (ARAY) is a result of the insights provided by 3.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.01 and -$0.03 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.03, with 3.0 analysts recommending between $0.11 and -$0.07.
Revenue Estimates
4 analysts predict $129.15M in revenue for the current quarter. It ranges from a high estimate of $146.6M to a low estimate of $121.7M. As of the current estimate, Accuray Inc’s year-ago sales were $134.29MFor the next quarter, 4 analysts are estimating revenue of $97.78M. There is a high estimate of $103.7M for the next quarter, whereas the lowest estimate is $91.87M.
A total of 4 analysts have provided revenue estimates for ARAY’s current fiscal year. The highest revenue estimate was $469.9M, while the lowest revenue estimate was $452.66M, resulting in an average revenue estimate of $458.21M. In the same quarter a year ago, actual revenue was $446.55MBased on 4 analysts’ estimates, the company’s revenue will be $469.05M in the next fiscal year. The high estimate is $491.6M and the low estimate is $429.9M.
