Is that what Sustainable Earning stands for?: Accuray Incorporated (ARAY)

As of right now, Accuray Incorporated [ARAY] is trading at $2.88, up 17.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARAY shares have gain 18.03% over the last week, with a monthly amount glided 39.13%, and seem to be holding up well over a long-time horizon.

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On 1, February 2023, Accuray Reports Fiscal 2023 Second Quarter Financial Results. In a post published today on Yahoo Finance, Delivered strong Q2 performance amidst challenging macroenvironment; Reiterate fiscal year guidance    .

From an analyst’s perspective:

Accuray Incorporated [NASDAQ: ARAY] stock has seen the most recent analyst activity on June 23, 2022, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $7.50. Previously, Loop Capital started tracking the stock with Buy rating on December 22, 2021, and set its price target to $7.50. On January 21, 2020, upgrade upgraded it’s rating to Buy but maintained its price target of $9.50 on the stock. Citigroup upgraded its rating to a Neutral. JP Morgan downgraded its rating to a Underweight. Lake Street started tracking with a Buy rating for this stock on November 30, 2017, and assigned it a price target of $10. In a note dated December 14, 2016, JP Morgan downgraded an Neutral rating on this stock.

Through the last year, Accuray Incorporated’s stock price ranged from $1.70 to $4.03. Currently, Wall Street analysts expect the stock to reach $8.17 within the next 12 months. Accuray Incorporated [NASDAQ: ARAY] shares were valued at $2.88 at the most recent close of the market. An investor can expect a potential return of 183.68% based on the average ARAY price forecast.

Analyzing the ARAY fundamentals

For Accuray Incorporated, (ARAY), the latest quarter sales were 96.49 billion, which represents an -10.10% decrease. Gross Margin for this corporation currently stands at +37.21% with Operating Margin at +1.90%, Pretax Margin comes in at -0.47%, and Net Margin reading is -1.24%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.65 points at the first support level, and at 2.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.01, and for the 2nd resistance point, it is at 3.14.

Accuray Incorporated [ARAY] reported earnings per share of -$0.04 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of $0.02 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.01 per share as compared to estimates of -$0.04 per share, a difference of $0.03 representing a surprise of 75.00%.

Ratios To Look Out For

It is important to note that Accuray Incorporated [NASDAQ:ARAY] has a current ratio of 1.70. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 3.45.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 19 insider purchases totaling 2,342,505 shares and 9 insider sales totaling 78,455 shares over the past 3 months. Recent insider trading involved Pervaiz Ali, SVP Chief Financial Officer, that happened on Jan 04 when 2053.0 shares were sold. SVP, Chief Admin Officer, Spine Patrick completed a deal on Dec 01 to sell 5176.0 shares. Meanwhile, SVP, General Counsel Chew Jesse sold 5976.0 shares on Dec 01.