Accuray Inc (NASDAQ: ARAY) is 7.58% higher on its value in year-to-date trading and has touched a low of $1.40 and a high of $2.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARAY stock was last observed hovering at around $2.19 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $2.13, the stock is 8.81% and 9.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing -2.74% at the moment leaves the stock 11.15% off its SMA200. ARAY registered -24.47% loss for a year compared to 6-month gain of 26.04%. The firm has a 50-day simple moving average (SMA 50) of $1.9436 and a 200-day simple moving average (SMA200) of $1.91635.
The stock witnessed a 5.97% loss in the last 1 month and extending the period to 3 months gives it a 15.76%, and is 7.58% 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 6.88% over the week and 6.17% over the month.
Accuray Inc (ARAY) has around 987 employees, a market worth around $214.21M and $444.20M in sales. Fwd P/E is 17.09. Profit margin for the company is -3.72%. Distance from 52-week low is 52.14% and -28.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.90%).
The EPS is expected to grow by 88.37% this year
176.0 institutions hold shares in Accuray Inc (ARAY), with institutional investors hold 64.27% of the company’s shares. The shares outstanding are 100.44M, and float is at 95.57M with Short Float at 3.76%. Institutions hold 62.61% 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 Jun 04 ’24 that Pervaiz Ali (SVP Chief Financial Officer) sold a total of 2,701 shares of the company’s common stock. The trade occurred on Jun 04 ’24 and was made at $1.70 per share for $4597.0. Following the transaction, the insider now directly holds 0.4 million shares of the ARAY stock.
Still, SEC filings show that on May 29 ’24, WHITTERS JOSEPH E (Director) acquired 50,000 shares at an average price of $1.58 for $79000.0. The insider now directly holds 561,053 shares of Accuray Inc (ARAY).
