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NASDAQ:ARAY

Accuray (ARAY) Stock Price, News & Analysis

$1.91
+0.14 (+7.91%)
(As of 10/4/2024 ET)

About Accuray Stock (NASDAQ:ARAY)

Key Stats

Today's Range
$1.77
$1.93
50-Day Range
$1.41
$2.49
52-Week Range
$1.40
$3.10
Volume
684,092 shs
Average Volume
672,103 shs
Market Capitalization
$189.56 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.00
Consensus Rating
Buy

Company Overview

Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. It offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of primary and metastatic tumors outside the brain, including tumors on or near the spine and in the breast, kidney, liver, lung, pancreas, and prostate. The company also provides the TomoTherapy System, including the Radixact System, which allows for integrated radiation treatment planning, delivery, and data management, enabling clinicians to deliver ultra-precise treatments to approximately 50 patients per day; iDMS data management system, a fully integrated treatment planning and data management systems; and Accuray precision treatment planning system, a treatment planning and data management systems. In addition, it offers post-contract customer support, installation, training, and other professional services. The company primarily markets its products directly to customers, including hospitals and stand-alone treatment facilities through its sales organization, as well as to customers through sales agents and group purchasing organizations in the United States; and to customers directly and through distributors and sales agents internationally. Accuray Incorporated was incorporated in 1990 and is headquartered in Madison, Wisconsin.

Accuray Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

ARAY MarketRank™: 

Accuray scored higher than 84% of companies evaluated by MarketBeat, and ranked 186th out of 994 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Accuray has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Accuray has received no research coverage in the past 90 days.

  • Read more about Accuray's stock forecast and price target.
  • Earnings Growth

    Earnings for Accuray are expected to grow in the coming year, from ($0.01) to $0.10 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Accuray is -8.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Accuray is -8.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Accuray has a P/B Ratio of 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Accuray's valuation and earnings.
  • Percentage of Shares Shorted

    4.10% of the outstanding shares of Accuray have been sold short.
  • Short Interest Ratio / Days to Cover

    Accuray has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Accuray has recently decreased by 2.86%, indicating that investor sentiment is improving.
  • Dividend Yield

    Accuray does not currently pay a dividend.

  • Dividend Growth

    Accuray does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.10% of the outstanding shares of Accuray have been sold short.
  • Short Interest Ratio / Days to Cover

    Accuray has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Accuray has recently decreased by 2.86%, indicating that investor sentiment is improving.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Accuray this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    2 people have added Accuray to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Accuray insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,312.00 in company stock.

  • Percentage Held by Insiders

    Only 3.78% of the stock of Accuray is held by insiders.

  • Percentage Held by Institutions

    64.08% of the stock of Accuray is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Accuray's insider trading history.
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ARAY Stock News Headlines

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Archon Capital Management LLC Adjusts Stake in Accuray Inc
See More Headlines

ARAY Stock Analysis - Frequently Asked Questions

Accuray's stock was trading at $2.83 at the beginning of 2024. Since then, ARAY shares have decreased by 32.5% and is now trading at $1.91.
View the best growth stocks for 2024 here
.

Accuray Incorporated (NASDAQ:ARAY) released its quarterly earnings results on Wednesday, August, 14th. The medical equipment provider reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The medical equipment provider earned $134.29 million during the quarter, compared to analysts' expectations of $122.80 million. Accuray had a negative net margin of 3.48% and a negative trailing twelve-month return on equity of 33.65%.

Accuray subsidiaries include these companies: Morphormics Inc., TomoTherapy Incorporated, Accuray Accelerator Technology (Chengdu) Company Limited, Accuray Asia Ltd., Accuray Belgium BVBA, Accuray Brasil Comércio, Accuray Cayman Islands, and others.

Top institutional investors of Accuray include SG Americas Securities LLC (0.03%). Insiders that own company stock include Suzanne C Winter, Sandeep Chalke, Joseph E Whitters, Jesse Chew, Michael Hoge, Ali Pervaiz, Patrick Spine, Gina Corradetti and Byron C Scott.
View institutional ownership trends
.

Shares of ARAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Accuray investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Intel (INTC), Activision Blizzard (ATVI), Geron (GERN), Sorrento Therapeutics (SRNE) and Tesla (TSLA).

Company Calendar

Last Earnings
8/14/2024
Today
10/05/2024
Next Earnings (Estimated)
11/05/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
Current Symbol
NASDAQ:ARAY
CUSIP
00439710
Employees
1,024
Year Founded
1990

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$9.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+371.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-15,550,000.00
Pretax Margin
-2.65%

Debt

Sales & Book Value

Annual Sales
$446.55 million
Book Value
$0.45 per share

Miscellaneous

Free Float
95,493,000
Market Cap
$189.56 million
Optionable
Optionable
Beta
1.39

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This page (NASDAQ:ARAY) was last updated on 10/6/2024 by MarketBeat.com Staff
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