In the last trading session, 1.16 million Accuray Inc (NASDAQ:ARAY) shares changed hands as the company’s beta touched 1.42. With the company’s per share price at $2.23 changed hands at $0.12 or 5.69% during last session, the market valuation stood at $237.01M. ARAY’s last price was a discount, traded about -36.77% off its 52-week high of $3.05. The share price had its 52-week low at $1.40, which suggests the last value was 37.22% up since then. When we look at Accuray Inc’s average trading volume, we note the 10-day average is 0.69 million shares, with the 3-month average coming to 643.24K.
Analysts gave the Accuray Inc (ARAY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ARAY as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Accuray Inc (NASDAQ:ARAY) trade information
Instantly ARAY was in green as seen at the end of in last trading. With action 17.99%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.20%, with the 5-day performance at 17.99% in the green. However, in the 30-day time frame, Accuray Inc (NASDAQ:ARAY) is 18.62% up. Looking at the short shares, we see there were 3.6 million shares sold at short interest cover period of 5.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 62.83% from its current market value. According to analyst projections, ARAY’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -169.06% plunge from its current level, while the stock would need to soar -169.06% for it to hit the projected low.
Accuray Inc (ARAY) estimates and forecasts
Data shows that the Accuray Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.99% over the past 6 months, a 106.25% in annual growth rate that is considerably higher than the industry average of 15.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.37%. The 2024 estimates are for Accuray Inc earnings to increase by 87.50%.
ARAY Dividends
Accuray Inc is expected to release its next quarterly earnings report in January.
Accuray Inc (NASDAQ:ARAY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.83% of Accuray Inc shares while 62.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.41%. There are 62.59% institutions holding the Accuray Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 8.2983% of the shares, roughly 8.23 million ARAY shares worth $14.98 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 5.3617% or 5.32 million shares worth $9.68 million as of 2024-06-30.
