Accuray Inc (NASDAQ: ARAY) on Tuesday, soared 6.67% from the previous trading day, before settling in for the closing price of $1.80. Within the past 52 weeks, ARAY’s price has moved between $1.40 and $3.05.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Healthcare sector company grew by 1.46% over the past five years. The company achieved an average annual earnings per share of 84.38%. With a float of $94.74 million, this company’s outstanding shares have now reached $100.19 million.
Let’s look at the performance matrix of the company that is accounted for 987 employees. In terms of profitability, gross margin is 32.01%, operating margin of 0.11%, and the pretax margin is -2.65%.
Accuray Inc (ARAY) Insider Updates
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Accuray Inc is 5.52%, while institutional ownership is 61.99%. The most recent insider transaction that took place on Sep 04 ’24, was worth 17,276. In this transaction SVP Chief Financial Officer of this company sold 8,404 shares at a rate of $2.06, taking the stock ownership to the 394,138 shares. Before that another transaction happened on Dec 01 ’23, when Company’s SVP, Chief Commercial Officer sold 26,799 for $1.70, making the entire transaction worth $45,612. This insider now owns 531,341 shares in total.
Accuray Inc (ARAY) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.03 earnings per share (EPS) for the period topping the consensus outlook (set at -0.05) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 84.38% per share during the next fiscal year.
Accuray Inc (NASDAQ: ARAY) Trading Performance Indicators
Accuray Inc (ARAY) is currently performing well based on its current performance indicators. A quick ratio of 0.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.16, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 0.11 in one year’s time.
Technical Analysis of Accuray Inc (ARAY)
Accuray Inc (NASDAQ: ARAY) saw its 5-day average volume 0.52 million, a negative change from its year-to-date volume of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 55.30%. Additionally, its Average True Range was 0.10.
During the past 100 days, Accuray Inc’s (ARAY) raw stochastic average was set at 47.71%, which indicates a significant decrease from 91.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.25% in the past 14 days, which was lower than the 100.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8944, while its 200-day Moving Average is $2.0661. Nevertheless, the first resistance level for the watch stands at $1.9833 in the near term. At $2.0467, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.1533. If the price goes on to break the first support level at $1.8133, it is likely to go to the next support level at $1.7067. Assuming the price breaks the second support level, the third support level stands at $1.6433.
Accuray Inc (NASDAQ: ARAY) Key Stats
Market capitalization of the company is 192.52 million based on 100,274K outstanding shares. Right now, sales total 446,550 K and income totals -15,550 K. The company made 134,290 K in profit during its latest quarter, and 3,390 K in sales during its previous quarter.
