Accuray Inc (NASDAQ:ARAY) Reduces -3.14% In A Week: What’s Taking The Stock Higher?

In last trading session, Accuray Inc (NASDAQ:ARAY) saw 1.07 million shares changing hands with its beta currently measuring 1.45. Company’s recent per share price level of $2.16 trading at -$0.09 or -4.00% at ring of the bell on the day assigns it a market valuation of $222.12M. That closing price of ARAY’s stock is at a discount of -36.57% from its 52-week high price of $2.95 and is indicating a premium of 35.19% from its 52-week low price of $1.40.

For Accuray Inc (ARAY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.05 in the current quarter.

Accuray Inc (NASDAQ:ARAY) trade information

Upright in the red during last session for losing -4.00%, in the last five days ARAY remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $2.16 price level, adding 7.3% to its value on the day. Accuray Inc’s shares saw a change of 9.09% in year-to-date performance and have moved -3.14% in past 5-day. Accuray Inc (NASDAQ:ARAY) showed a performance of -3.57% in past 30-days.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 64.0% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -177.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -177.78% for stock’s current value.

Accuray Inc (ARAY) estimates and forecasts

This year revenue growth is estimated to rise 4.87% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 101.53M for the same. And 4 analysts are in estimates of company making revenue of 149.06M in the next quarter. Company posted 101.13M and 134.29M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.37% during past 5 years.

Accuray Inc (NASDAQ:ARAY)’s Major holders

BLACKROCK INC. is the top institutional holder at ARAY for having 8.23 million shares of worth $14.98 million. And as of 2024-06-30, it was holding 8.2983 of the company’s outstanding shares.

The second largest institutional holder is NEUBERGER BERMAN GROUP LLC, which was holding about 5.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.3408 of outstanding shares, having a total worth of $9.68 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.06 shares of worth $6.61 million or 2.98% of the total outstanding shares. The later fund manager was in possession of 2.49 shares on Nov 30, 2024 , making its stake of worth around $5.37 million in the company or a holder of 2.42% of company’s stock.