Accuray Inc (NASDAQ:ARAY) price on current trading day, fall -7.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.43.
A look at the stock’s price movement, the level at last check in today’s session was $1.55, moving within a range at $1.4 and $1.56. Turning to its 52-week performance, $2.95 and $1.40 were the 52-week high and 52-week low respectively. Overall, ARAY moved -19.66% over the past month.
Accuray Inc’s market cap currently stands at around $147.06 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-29.
Analysts have a consensus estimate of 135.11M for the company’s revenue for the quarter, with a low and high estimate of 123.8M and 146.6M respectively. The average forecast suggests up to a 0.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 461.14M, representing a 3.27% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARAY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ARAY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARAY’s current price about -6.74% and -18.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.66, while 7-day volatility ratio is 4.07% and 6.25% in the 30-day chart. Further, Accuray Inc (ARAY) has a beta value of 1.31, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -319.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -319.58%. Nonetheless, investors will most likely welcome a -319.58% jump to $6 which is the analysts’ median price.
If we refocus on Accuray Inc (NASDAQ:ARAY), historical trading data shows that trading volumes averaged 0.48 over the past 10 days and 650.09K over the past 3 months. The company’s latest data on shares outstanding shows there are 102.81 million shares.
The 4.86% of Accuray Inc’s shares are in the hands of company insiders while institutional holders own 59.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.95 million on 2025-04-15, giving us a short ratio of 7.18. The data shows that as of 2025-04-15 short interest in Accuray Inc (ARAY) stood at 393.00002 of shares outstanding, with shares short falling to 4.53 million registered in 2025-03-14. Current price change has pushed the stock -27.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARAY stock continues to rise going into the next quarter.
