Accuray Inc (NASDAQ: ARAY)’s stock price has increased by 0.25 compared to its previous closing price of 2.03. However, the company has seen a 17.63% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that ARAY’s first-quarter fiscal 2025 earnings meet estimates. Both the top and bottom lines deteriorate year over year.
Is It Worth Investing in Accuray Inc (NASDAQ: ARAY) Right Now?
The stock has a 36-month beta value of 1.41. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ARAY is 94.74M, and at present, short sellers hold a 4.25% of that float. On November 07, 2024, the average trading volume of ARAY was 901.33K shares.
ARAY’s Market Performance
The stock of Accuray Inc (ARAY) has seen a 17.63% increase in the past week, with a 15.62% rise in the past month, and a 33.88% gain in the past quarter. The volatility ratio for the week is 6.87%, and the volatility levels for the past 30 days are at 5.09% for ARAY. The simple moving average for the past 20 days is 10.40% for ARAY’s stock, with a -1.11% 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 7.99% 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 -33.28% of loss for the given period.
Volatility was left at 5.09%, however, over the last 30 days, the volatility rate increased by 6.87%, as shares surge +13.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.78% lower at present.
During the last 5 trading sessions, ARAY rose by +17.05%, which changed the moving average for the period of 200-days by -27.68% in comparison to the 20-day moving average, which settled at $1.84. In addition, Accuray Inc saw -28.09% 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 Pervaiz Ali, who sale 8,404 shares at the price of $2.06 back on Sep 04 ’24. After this action, Pervaiz Ali now owns 394,138 shares of Accuray Inc, valued at $17,276 using the latest closing price.
Chalke Sandeep, the SVP, Chief Commercial Officer of Accuray Inc, sale 26,799 shares at $1.70 during a trade that took place back on Dec 01 ’23, which means that Chalke Sandeep is holding 531,341 shares at $45,612 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 0.04.
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 0.77. 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 1.64.
Conclusion
To sum up, Accuray Inc (ARAY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
