Accuray Inc (NASDAQ: ARAY)’s stock price has dropped by 0.00 in relation to previous closing price of 1.99. Nevertheless, the company has seen a loss of -8.72% in its stock price over the last five trading days. prnewswire.com reported 2024-09-03 that MADISON, Wis., Sept. 3, 2024 /PRNewswire/ — Accuray Incorporated (NASDAQ: ARAY) announced today that President and Chief Executive Officer Suzanne Winter will be taking a temporary medical leave of absence to receive care for a treatable form of cancer, effective immediately.
Is It Worth Investing in Accuray Inc (NASDAQ: ARAY) Right Now?
The 36-month beta value for ARAY is at 1.42. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ARAY is 93.66M, and currently, shorts hold a 5.56% of that float. The average trading volume for ARAY on September 06, 2024 was 868.90K shares.
ARAY’s Market Performance
The stock of Accuray Inc (ARAY) has seen a -8.72% decrease in the past week, with a 32.67% rise in the past month, and a 9.94% gain in the past quarter. The volatility ratio for the week is 5.00%, and the volatility levels for the past 30 days are at 7.40% for ARAY. The simple moving average for the past 20 days is -2.26% for ARAY’s stock, with a -11.94% simple moving average for the past 200 days.
Analysts’ Opinion of ARAY
Many brokerage firms have already submitted their reports for ARAY stocks, with ROTH MKM repeating the rating for ARAY by listing it as a “Buy.” The predicted price for ARAY in the upcoming period, according to ROTH MKM is $9 based on the research report published on February 13, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see ARAY reach a price target of $7.50. The rating they have provided for ARAY stocks is “Buy” according to the report published on June 23rd, 2022.
Loop Capital gave a rating of “Buy” to ARAY, setting the target price at $7.50 in the report published on December 22nd of the previous year.
ARAY Trading at 5.02% from the 50-Day Moving Average
After a stumble in the market that brought ARAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.81% of loss for the given period.
Volatility was left at 7.40%, however, over the last 30 days, the volatility rate increased by 5.00%, as shares surge +28.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.94% upper at present.
During the last 5 trading sessions, ARAY fell by -10.55%, which changed the moving average for the period of 200-days by -24.12% in comparison to the 20-day moving average, which settled at $2.0575. In addition, Accuray Inc saw -29.68% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARAY starting from Chalke Sandeep, who sale 26,799 shares at the price of $1.70 back on Dec 01 ’23. After this action, Chalke Sandeep now owns 531,341 shares of Accuray Inc, valued at $45,612 using the latest closing price.
Pervaiz Ali, the SVP Chief Financial Officer of Accuray Inc, sale 2,701 shares at $1.70 during a trade that took place back on Jun 04 ’24, which means that Pervaiz Ali is holding 402,542 shares at $4,597 based on the most recent closing price.
Stock Fundamentals for ARAY
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.32 for the gross margin
The net margin for Accuray Inc stands at -0.03. The total capital return value is set at 0.0. Equity return is now at value -31.49, with -3.28 for asset returns.
Based on Accuray Inc (ARAY), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 3.96. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 6.41 million with net debt to EBITDA at 21.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Accuray Inc (ARAY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
