Growth and Margin Analysis of Accuray Inc (ARAY)’s Recent Quarter Sales

A share price of Accuray Inc [ARAY] is currently trading at $1.78, saw in change for the day. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ARAY shares have gain 4.71% over the last week, with a monthly amount glided 5.33%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

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.

Accuray Inc experienced fluctuations in its stock price throughout the past year between $1.46 and $4.30. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Accuray Inc [NASDAQ: ARAY] shares were valued at $1.78 at the most recent close of the market. An investor can expect a potential return of 237.08% based on the average ARAY price forecast.

Analyzing the ARAY fundamentals

Trailing Twelve Months sales for Accuray Inc [NASDAQ:ARAY] were 430.55M which represents -14.34% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.44 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.35.

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 1.7550 points at the first support level, and at 1.7300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8100, and for the 2nd resistance point, it is at 1.8400.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Accuray Inc [NASDAQ:ARAY] is 1.57. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 4.30.

Transactions by insiders

Recent insider trading involved Pervaiz Ali, SVP Chief Financial Officer, that happened on Jun 04 ’24 when 2701.0 shares were sold. Director, WHITTERS JOSEPH E completed a deal on May 29 ’24 to buy 50000.0 shares. Meanwhile, Director WHITTERS JOSEPH E bought 50000.0 shares on May 28 ’24.

Related Posts