Accuray Inc [ARAY] stock is trading at $1.49, up 9.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARAY shares have gain 10.37% over the last week, with a monthly amount drifted -2.61%, and not seem to be holding up well over a long-time horizon.
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 [ARAY] stock has fluctuated between $1.28 and $2.95 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Accuray Inc [NASDAQ: ARAY] shares were valued at $1.49 at the most recent close of the market. An investor can expect a potential return of 302.68% based on the average ARAY price forecast.
Analyzing the ARAY fundamentals
Accuray Inc [NASDAQ:ARAY] reported sales of 465.25M for the trailing twelve months, which represents a growth of 11.98%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.32.
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 1.4000 points at the first support level, and at 1.3100 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5600, and for the 2nd resistance point, it is at 1.6300.
Ratios To Look Out For
For context, Accuray Inc’s Current Ratio is 1.63. Further, the Quick Ratio stands at 0.91, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 3.09 and price to earnings (TTM) ratio is 252.54.
Transactions by insiders
Recent insider trading involved Hoge Michael, Officer, that happened on Feb 11 ’25 when 0.24 million shares were purchased. SVP Chief Financial Officer, Pervaiz Ali completed a deal on Sep 04 ’24 to sell 8404.0 shares. Meanwhile, SVP Chief Financial Officer Pervaiz Ali sold 2701.0 shares on Jun 04 ’24.
