Accuray Inc [ARAY] stock prices are up 8.78% to $2.85 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARAY shares have gain 9.62% over the last week, with a monthly amount glided 10.47%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, Accuray Incorporated to Speak at 36th Annual Roth Conference. In a post published today on Yahoo Finance, Company to Take Part in Fireside Chat Monday, March 18, 2024 at 12:30pm PST / 3:30pm EST.
From an analyst’s perspective:
Accuray Inc [NASDAQ: ARAY] stock has seen the most recent analyst activity on February 13, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $9. Previously, B. Riley Securities started tracking the stock with Buy rating on June 23, 2022, and set its price target to $7.50. On December 22, 2021, Loop Capital initiated with a Buy rating and assigned a price target of $7.50 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $9.50 on January 21, 2020. Citigroup upgraded its rating to a Neutral. JP Morgan downgraded its rating to Underweight for this stock on December 13, 2017. In a note dated November 30, 2017, Lake Street initiated an Buy rating and provided a target price of $10 on this stock.
The stock price of Accuray Inc [ARAY] has been fluctuating between $2.36 and $4.30 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Accuray Inc [NASDAQ: ARAY] shares were valued at $2.85 at the most recent close of the market. An investor can expect a potential return of 145.61% based on the average ARAY price forecast.
Analyzing the ARAY fundamentals
The Accuray Inc [NASDAQ:ARAY] reported sales of 447.48M for trailing twelve months, representing a drop of -6.55%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.28 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.24.
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 2.69 points at the first support level, and at 2.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.98, and for the 2nd resistance point, it is at 3.11.
Accuray Inc [ARAY] reported earnings per share of -$0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of -$0.05 and a surprise factor of -100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.03 per share as compared to estimates of -$0.05 per share, a difference of $0.02 representing a surprise of 40.00%.
Ratios To Look Out For
It’s worth pointing out that Accuray Inc [NASDAQ:ARAY]’s Current Ratio is 1.57. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 5.93.
Transactions by insiders
Recent insider trading involved Hoge Michael, Senior VP Global Operations, that happened on Mar 01 ’24 when 11991.0 shares were sold. VP, CAO and Controller, Corradetti GIna completed a deal on Jan 03 ’24 to sell 14129.0 shares. Meanwhile, SVP Chief Financial Officer Pervaiz Ali sold 2116.0 shares on Jan 03 ’24.
