During the last session, Accuray Inc (NASDAQ:ARAY)’s traded shares were 0.46 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $1.75, reflecting an intraday gain of 1.16% or $0.02. The 52-week high for the ARAY share is $3.05, that puts it down -74.29 from that peak though still a striking 20.0% gain since the share price plummeted to a 52-week low of $1.40. The company’s market capitalization is $175.48M, and the average intraday trading volume over the past 10 days was 0.47 million shares, and the average trade volume was 908.52K shares over the past three months.
Accuray Inc (ARAY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ARAY has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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Accuray Inc (NASDAQ:ARAY) trade information
The stock spiked 1.16% in intraday trading to $1.75, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -1.13% in 30 days. Based on these gigs, the overall price performance for the year is -31.91%. The short interest in Accuray Inc (NASDAQ:ARAY) is 4.02 million shares and it means that shorts have 5.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 70.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, ARAY is trading at a discount of -242.86% off the target high and -242.86% off the low.
Accuray Inc (ARAY) estimates and forecasts
Statistics show that Accuray Inc has outperformed its competitors in share price, compared to the industry in which it operates. Accuray Inc (ARAY) shares have gone up 8.02% during the last six months, with a year-to-date growth rate more than the industry average at 93.75% against 14.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -66.70% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will increase 3.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 97.55M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 112.02M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.37%. While earnings are projected to return 84.38% in 2024.
ARAY Dividends
Accuray Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Accuray Inc (NASDAQ:ARAY)’s Major holders
Accuray Inc insiders own 2.88% of total outstanding shares while institutional holders control 61.15%, with the float percentage being 62.97%. BLACKROCK INC. is the largest shareholder of the company, while 161.0 institutions own stock in it. As of 2024-06-30, the company held over 8.23 million shares (or 8.2983% of all shares), a total value of $14.98 million in shares.
The next largest institutional holding, with 5.32 million shares, is of NEUBERGER BERMAN GROUP LLC’s that is approximately 5.3617% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.68 million.
