In the last trading session, 1.41 million shares of the Accuray Inc (NASDAQ:ARAY) were traded, and its beta was 1.41. Most recently the company’s share price was $1.90, and it changed around -$0.28 or -12.84% from the last close, which brings the market valuation of the company to $188.56M. ARAY currently trades at a discount to its 52-week high of $3.10, offering almost -63.16% off that amount. The share price’s 52-week low was $1.40, which indicates that the current value has risen by an impressive 26.32% since then. We note from Accuray Inc’s average daily trading volume that its 10-day average is 0.59 million shares, with the 3-month average coming to 861.94K.

Accuray Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended ARAY as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Accuray Inc is expected to report earnings per share of -0.05 for the current quarter.

Accuray Inc (NASDAQ:ARAY) trade information

Instantly ARAY has showed a red trend with a performance of -12.84% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.23 on recent trading dayincreased the stock’s daily price by 14.8%. The company’s shares are currently down -32.86% year-to-date, but still down -6.40% over the last five days. On the other hand, Accuray Inc (NASDAQ:ARAY) is -17.03% down in the 30-day period. We can see from the shorts that 4.19 million shares have been sold at a short interest cover period of 2.95 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 68.33% from its current value. Analyst projections state that ARAY is forecast to be at a low of $6 and a high of $6.

Accuray Inc (ARAY) estimates and forecasts

Accuray Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.07 percent over the past six months and at a 93.75% annual growth rate that is well above the industry average of 12.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -66.70% in revenue this quarter, and will report an increase of 80.00% in the next quarter. The year-over-year growth rate is expected to be 3.40%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 97.55M in revenue for the current quarter. 4 analysts expect Accuray Inc to make 112.02M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -6.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.37%.

ARAY Dividends

Accuray Inc’s next quarterly earnings report is expected to be released in October.

Accuray Inc (NASDAQ:ARAY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.42% of Accuray Inc shares, and 57.11% of them are in the hands of institutional investors. The stock currently has a share float of 59.13%. Accuray Inc stock is held by 162.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.2983% of the shares, which is about 8.23 million shares worth $14.98 million.

NEUBERGER BERMAN GROUP LLC, with 5.3617% or 5.32 million shares worth $9.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.