Accuray Inc (NASDAQ:ARAY) price on Wednesday, February 05, rose 6.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.49.
A look at the stock’s price movement, the close in the last trading session was $2.33, moving within a range at $2.28 and $2.5. The beta value (5-Year monthly) was 1.404. Turning to its 52-week performance, $2.95 and $1.40 were the 52-week high and 52-week low respectively. Overall, ARAY moved 20.29% over the past month.
Accuray Inc’s market cap currently stands at around $250.41 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 109.49M for the company’s revenue for the quarter, with a low and high estimate of 106.67M and 113.6M respectively. The average forecast suggests up to a 8.26% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 466.68M, representing a 4.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARAY is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ARAY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARAY’s current price about 10.45% and 19.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.33, while 7-day volatility ratio is 6.81% and 6.09% in the 30-day chart. Further, Accuray Inc (ARAY) has a beta value of 1.45, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -140.96% off current price level while to achieve the yearly target high, price needs to move -140.96%. Nonetheless, investors will most likely welcome a -140.96% jump to $6 which is the analysts’ median price.
If we refocus on Accuray Inc (NASDAQ:ARAY), historical trading data shows that trading volumes averaged 0.53 over the past 10 days and 674.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 100.44 million shares.
The 4.97% of Accuray Inc’s shares are in the hands of company insiders while institutional holders own 61.18% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.03 million on 2025-01-15, giving us a short ratio of 6.07. The data shows that as of 2025-01-15 short interest in Accuray Inc (ARAY) stood at 409.9999700000001 of shares outstanding, with shares short rising to 3.59 million registered in 2024-12-13. Current price change has pushed the stock 25.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARAY stock continues to rise going into the next quarter.
