Accuray Inc (NASDAQ:ARAY) shares, rose in value, with the stock price up by 1.37% to the previous day’s close as strong demand from buyers drove the stock to $1.48.
Actively observing the price movement in the last trading, the stock closed the session at $1.46, falling within a range of $1.43 and $1.5. The value of beta (5-year monthly) was 1.309. Referring to stock’s 52-week performance, its high was $2.95, and the low was $1.40. On the whole, ARAY has fluctuated by -20.86% over the past month.
With the market capitalization of Accuray Inc currently standing at about $152.19 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 468.3M, with a low estimate of 98.7M and a high estimate of 105.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 101.53M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARAY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ARAY currently trading nearly -11.56% and -21.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.59, while the 7-day volatility ratio is showing 5.09% which for the 30-day chart, stands at 6.06%. Furthermore, Accuray Inc (ARAY)’s beta value is 1.34, and its average true range (ATR) is 0.10.
A comparison of Accuray Inc (ARAY) with its peers suggests the former has fared considerably weaker in the market. ARAY showed an intraday change of 1.37% in last session, and over the past year, it shrunk by -33.63%%.
Data on historical trading for Accuray Inc (NASDAQ:ARAY) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 659.60K. According to company’s latest data on outstanding shares, there are 102.81 million shares outstanding.
Nearly 4.86% of Accuray Inc’s shares belong to company insiders and institutional investors own 59.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.31 million shares as on 2025-03-31, resulting in a short ratio of 10.05. According to the data, the short interest in Accuray Inc (ARAY) stood at 430.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 4.3 million. The stock has fallen by -25.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARAY stock heading into the next quarter.
