A new trading day began on Monday, with Accuray Inc (NASDAQ: ARAY) stock price up 5.80% from the previous day of trading, before settling in for the closing price of $2.07. ARAY’s price has ranged from $1.40 to $2.99 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 1.46% over the last five years. Meanwhile, its annual earnings per share averaged 88.37%. With a float of $95.57 million, this company’s outstanding shares have now reached $100.44 million.
The firm has a total of 987 workers. Let’s measure their productivity. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Accuray Inc is 4.97%, while institutional ownership is 60.90%. 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 Jun 04 ’24, when Company’s SVP Chief Financial Officer sold 2,701 for $1.70, making the entire transaction worth $4,597. This insider now owns 402,542 shares in total.
Accuray Inc (ARAY) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 88.37% per share during the next fiscal year.
Accuray Inc (NASDAQ: ARAY) Trading Performance Indicators
Here are Accuray Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.12 in one year’s time.
Technical Analysis of Accuray Inc (ARAY)
Analysing the last 5-days average volume posted by the [Accuray Inc, ARAY], we can find that recorded value of 0.81 million was better than the volume posted last year of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 80.87%. Additionally, its Average True Range was 0.13.
During the past 100 days, Accuray Inc’s (ARAY) raw stochastic average was set at 71.96%, which indicates a significant decrease from 95.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.81% in the past 14 days, which was lower than the 95.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.93, while its 200-day Moving Average is $1.92. Now, the first resistance to watch is $2.23. This is followed by the second major resistance level at $2.27. The third major resistance level sits at $2.32. If the price goes on to break the first support level at $2.13, it is likely to go to the next support level at $2.08. Should the price break the second support level, the third support level stands at $2.04.
Accuray Inc (NASDAQ: ARAY) Key Stats
With a market capitalization of 220.24 million, the company has a total of 100,565K Shares Outstanding. Currently, annual sales are 446,550 K while annual income is -15,550 K. The company’s previous quarter sales were 101,550 K while its latest quarter income was -3,950 K.
