What Are Wall Street’s Thoughts On Accuray Incorporated Shares (ARAY)?

The stock of Accuray Incorporated (NASDAQ:ARAY) increased by increased by $0.31 on Friday to finish at $4.37, up 7.64 percent. The last five days have seen an average of 696,580 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.20. The average number of shares traded over the last 20 days was 705,500, while the average volume over the last 50 days totaled 715,504.

ARAY stock appreciated 15.00% since last month. On 09/23/21, the company’s shares reached a one-month low of $3.50. The stock touched a high of $6.01 on 02/10/21, after rallying from a low of $2.77 in 52 weeks. The price of ARAY stock has risen by 4.80% or $0.20 this year, reaching a new high 10 times. Still, the stock price is down -27.35% from the 52-week high.

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Insider Transactions

There have been 24 days since Accuray Incorporated (ARAY) last reported insider trading activity on Oct 01. On Oct 01, VP, Interim CFO Green Brandon W sold 8,755 shares at $3.95 each. This transaction resulted in the insider making $34,582. On Sep 30, LEVINE JOSHUA sold 15,741 shares at a price of US$3.96. After the transaction, the insider now owns 1,088,480 shares. CEO LEVINE JOSHUA had earlier bought 15,000 shares on Aug 18 for $3.63 a share. The transaction was completed for $54,387.

Valuation Metrics

The PE ratio of Accuray Incorporated has varied between 137.07 and 16.62 in the last five years. Beta for the stock is 1.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 5.83, and the price-to-cash flow ratio of 10.19.

For the three months ended June 29, Accuray Incorporated’s quick ratio was 1.20, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.47, and the total debt to equity ratio is 2.53. As far as profitability goes, gross margin for the trailing twelve months is 40.30% percent. Accuray Incorporated’s EBITDA margin for the year ended June 29 was 7.22%, whereas its operating margin stood at 3.10% for the same period. Based on annual data, it had gross profit of $159.51 million and revenue of $396.29 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ARAY’s return on assets (ROA) during the last 12 months has been -1.30%. There was a 4.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.60%. ROE has averaged 3.96 in the past year for the broader industry.

Earnings Surprise

According to Accuray Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $110.94 million, while revenues rose by 14.39% to $102.56 million. It was predicted that Accuray Incorporated’s quarterly earnings would be -$0.01, but it ended up being -$0.02. EBITDA was $5.91 million for the quarter. At the end of Accuray Incorporated’s most recent quarter ended June 29, its liabilities totaled 411.26 million, while its total debt was $199.41 million. Equity owned by shareholders amounts to $90.83 million.

Technical Picture

Here’s a quick look at Accuray Incorporated’s (ARAY) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 73.62%, suggesting the stock is Overbought, with a 54.43% historical volatility rate.

The stochastic %K and %D were 73.43% and 59.95% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 89.33%, the RSI (14) reading is 66.89%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.19.

Analyst Ratings

In its most recent analyst report, BTIG Research raised its rating on Accuray Incorporated (NASDAQ: ARAY) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Accuray Incorporated (ARAY) an Buy rating. ARAY is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.

What is ARAY’s price target for the next 12 months?

The current consensus forecast for the stock is between $7.00 and $10.00, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for Accuray Incorporated (ARAY) is $8.20.


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