In the last trading session, 1.21 million shares of the Accuray Inc (NASDAQ:ARAY) were traded, and its beta was 1.45. Most recently the company’s share price was $2.29, and it changed around -$0.16 or -6.53% from the last close, which brings the market valuation of the company to $235.48M. ARAY currently trades at a discount to its 52-week high of $2.95, offering almost -28.82% off that amount. The share price’s 52-week low was $1.40, which indicates that the current value has risen by an impressive 38.86% since then. We note from Accuray Inc’s average daily trading volume that its 10-day average is 0.96 million shares, with the 3-month average coming to 706.94K.
Accuray Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended ARAY as a Hold, whereas 3 deemed it a Buy, and 0 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 -6.53% 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 2.95 on recent trading dayincreased the stock’s daily price by 22.37%. The company’s shares are currently up 15.66% year-to-date, but still down -1.72% over the last five days. On the other hand, Accuray Inc (NASDAQ:ARAY) is 7.01% up in the 30-day period. We can see from the shorts that 4.03 million shares have been sold at a short interest cover period of 6.07 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 61.83% 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
The year-over-year growth rate is expected to be 4.87%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 101.53M in revenue for the current quarter. 4 analysts expect Accuray Inc to make 149.06M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 101.13M and 134.29M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.39%. Forecasts for the next quarter put sales growth at 11.00%.
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 March.
Accuray Inc (NASDAQ:ARAY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.58% of Accuray Inc shares, and 62.89% of them are in the hands of institutional investors. The stock currently has a share float of 64.56%. Accuray Inc stock is held by 173.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 3.06 shares worth $7.01 million, making up 2.98% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.49 shares worth around $5.69 million, which represents about 2.42% of the total shares outstanding.
