During the last session, Accuray Inc (NASDAQ:ARAY)’s traded shares were 0.55 million, with the beta value of the company hitting 1.45. At the end of the trading day, the stock’s price was $2.23, reflecting an intraday loss of -2.19% or -$0.05. The 52-week high for the ARAY share is $2.95, that puts it down -32.29 from that peak though still a striking 37.22% gain since the share price plummeted to a 52-week low of $1.40. The company’s market capitalization is $229.31M, and the average intraday trading volume over the past 10 days was 1.14 million shares, and the average trade volume was 726.03K 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.
Accuray Inc (NASDAQ:ARAY) trade information
Accuray Inc (ARAY) registered a -2.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.19% in intraday trading to $2.23, hitting a weekly high. The stock’s 5-day price performance is -8.23%, and it has moved by -3.04% in 30 days. Based on these gigs, the overall price performance for the year is -18.91%. The short interest in Accuray Inc (NASDAQ:ARAY) is 4.5 million shares and it means that shorts have 6.85 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 62.83% 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 -169.06% off the target high and -169.06% off the low.
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 93.12% in 2025.
ARAY Dividends
Accuray Inc is due to release its next quarterly earnings in March. 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 2.53% of total outstanding shares while institutional holders control 60.21%, with the float percentage being 61.77%. BLACKROCK INC. is the largest shareholder of the company, while 173.0 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 5.3408% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of Accuray Inc (ARAY) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.06 shares. This amounts to just over 2.98 percent of the company’s overall shares, with a $6.83 million market value. The same data shows that the other fund manager holds slightly less at 2.49, or about 2.42% of the stock, which is worth about $5.54 million.
