Accuray Inc (NASDAQ: ARAY) on Monday, plunged -7.91% from the previous trading day, before settling in for the closing price of $2.15. Within the past 52 weeks, ARAY’s price has moved between $1.40 and $3.05.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 1.46%. The company achieved an average annual earnings per share of 87.50%. With a float of $95.01 million, this company’s outstanding shares have now reached $100.19 million.
Considering the fact that the conglomerate employs 987 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 31.04%, operating margin of -0.87%, and the pretax margin is -3.18%.
Accuray Inc (ARAY) Insider Activity
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 61.29%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 87.50% 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 0.85 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 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.11 in one year’s time.
Technical Analysis of Accuray Inc (ARAY)
Compared to the last year’s volume of 0.66 million, its volume of 1.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.88%. Additionally, its Average True Range was 0.13.
During the past 100 days, Accuray Inc’s (ARAY) raw stochastic average was set at 53.21%, which indicates a significant decrease from 61.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.94% in the past 14 days, which was lower than the 100.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.88, while its 200-day Moving Average is $2.05. Nevertheless, the first resistance level for the watch stands at $2.09 in the near term. At $2.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.28. If the price goes on to break the first support level at $1.90, it is likely to go to the next support level at $1.82. Should the price break the second support level, the third support level stands at $1.71.
Accuray Inc (NASDAQ: ARAY) Key Stats
Market capitalization of the company is 204.83 million based on 100,565K 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.
