In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $1.46 in the prior trading day, Accuray Inc (NASDAQ: ARAY) closed at $1.51, up 3.42%. In other words, the price has increased by $3.42 from its previous closing price. On the day, 0.68 million shares were traded. ARAY stock price reached its highest trading level at $1.52 during the session, while it also had its lowest trading level at $1.4549.
Ratios:
Our goal is to gain a better understanding of ARAY by taking a closer 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 155274816 and an Enterprise Value of 238312096. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 0.526 whereas that against EBITDA is 17.655.
Stock Price History:
The Beta on a monthly basis for ARAY is 1.34, which has changed by -0.32286996 over the last 52 weeks, in comparison to a change of 0.07019031 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 -22.41%, while the 200-Day Moving Average is calculated to be -22.18%.
Shares Statistics:
The stock has traded on average 676.52K shares per day over the past 3-months and 772150 shares per day over the last 10 days, according to various share statistics. 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 59.35% stake in the company. Shares short for ARAY as of 1743379200 were 4314433 with a Short Ratio of 6.38, compared to 1740700800 on 4298201. Therefore, it implies a Short% of Shares Outstanding of 4314433 and a Short% of Float of 4.3.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
