Accuray Inc (NASDAQ: ARAY) is -35.34% lower on its value in year-to-date trading and has touched a low of $1.40 and a high of $3.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARAY stock was last observed hovering at around $1.90 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.83, the stock is 1.72% and -5.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -3.68% at the moment leaves the stock -14.09% off its SMA200. ARAY registered -39.00% loss for a year compared to 6-month loss of -17.19%. The firm has a 50-day simple moving average (SMA 50) of $1.9366 and a 200-day simple moving average (SMA200) of $2.13015.
The stock witnessed a -4.19% gain in the last 1 month and extending the period to 3 months gives it a 1.67%, and is 2.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.81% over the week and 5.59% over the month.
Accuray Inc (ARAY) has around 987 employees, a market worth around $183.49M and $446.55M in sales. Fwd P/E is 16.64. Profit margin for the company is -3.48%. Distance from 52-week low is 30.71% and -40.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.43%).
The EPS is expected to grow by 84.38% this year
162.0 institutions hold shares in Accuray Inc (ARAY), with institutional investors hold 63.37% of the company’s shares. The shares outstanding are 100.19M, and float is at 94.73M with Short Float at 4.16%. Institutions hold 61.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.23 million shares valued at $14.98 million. The investor’s holdings represent 8.2983 of the ARAY Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 5.32 million shares valued at $9.68 million to account for 5.3617 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.26 million shares representing 5.3022 and valued at over $9.57 million, while HEARTLAND ADVISORS INC holds 3.3468 of the shares totaling 3.32 million with a market value of $6.04 million.
Accuray Inc (ARAY) Insider Activity
The most recent transaction is an insider sale by Pervaiz Ali, the company’s SVP Chief Financial Officer. SEC filings show that Pervaiz Ali sold 8,404 shares of the company’s common stock on Sep 04 ’24 at a price of $2.06 per share for a total of $17276.0. Following the sale, the insider now owns 0.39 million shares.
Accuray Inc disclosed in a document filed with the SEC on Dec 01 ’23 that Chalke Sandeep (SVP, Chief Commercial Officer) sold a total of 26,799 shares of the company’s common stock. The trade occurred on Dec 01 ’23 and was made at $1.70 per share for $45612.0. Following the transaction, the insider now directly holds 0.53 million shares of the ARAY stock.
Still, SEC filings show that on Jun 04 ’24, Pervaiz Ali (SVP Chief Financial Officer) disposed off 2,701 shares at an average price of $1.70 for $4597.0. The insider now directly holds 402,542 shares of Accuray Inc (ARAY).
