Accuray Inc (NASDAQ:ARAY) price on Friday, April 11, fall -1.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.46.
A look at the stock’s price movement, the close in the last trading session was $1.48, moving within a range at $1.41 and $1.4795. The beta value (5-Year monthly) was 1.309. Turning to its 52-week performance, $2.95 and $1.40 were the 52-week high and 52-week low respectively. Overall, ARAY moved -16.09% over the past month.
Accuray Inc’s market cap currently stands at around $150.13 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Analysts have a consensus estimate of 101.53M for the company’s revenue for the quarter, with a low and high estimate of 98.7M and 105.6M respectively. The average forecast suggests up to a 0.39% 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 468.3M, representing a 4.87% 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% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -16.40% and -25.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 27.83, while 7-day volatility ratio is 10.26% and 5.88% in the 30-day chart. Further, Accuray Inc (ARAY) has a beta value of 1.34, and an average true range (ATR) of 0.11. 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 -310.96% off current price level while to achieve the yearly target high, price needs to move -310.96%. Nonetheless, investors will most likely welcome a -310.96% 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 0.74 over the past 10 days and 679.79K over the past 3 months. The company’s latest data on shares outstanding shows there are 102.81 million shares.
The 4.86% of Accuray Inc’s shares are in the hands of company insiders while institutional holders own 59.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.53 million on 2025-03-14, giving us a short ratio of 7.55. The data shows that as of 2025-03-14 short interest in Accuray Inc (ARAY) stood at 451.00003 of shares outstanding, with shares short rising to 4.19 million registered in 2025-02-14. Current price change has pushed the stock -26.26% 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.
