Accuray Inc [NASDAQ: ARAY] closed the trading session at $2.17.
The stocks have a year to date performance of -23.32 percent and weekly performance of 42.76 percent. The stock has been moved at -20.22 percent over the last six months. The stock has performed 11.28 percent around the most recent 30 days and changed 28.40 percent over the most recent 3-months.
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If compared to the average trading volume of 571.14K shares, ARAY reached to a volume of 14630707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Accuray Inc [ARAY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARAY shares is $6.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARAY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Accuray Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 13, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on June 23, 2022, representing the official price target for Accuray Inc stock. Previously, the target price had yet another raise to $7.50, while Loop Capital analysts kept a Buy rating on ARAY stock.
The Average True Range (ATR) for Accuray Inc is set at 0.16, with the Price to Sales ratio for ARAY stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 5.24, with the Price to Cash per share for the same quarter was set at 0.70.
ARAY stock trade performance evaluation
Accuray Inc [ARAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 42.76. With this latest performance, ARAY shares gained by 11.28% in over the last four-week period, additionally sinking by -20.22% over the last 6 months – not to mention a drop of -29.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARAY stock in for the last two-week period is set at 65.85, with the RSI for the last a single of trading hit 73.07, and the three-weeks RSI is set at 61.43 for Accuray Inc [ARAY]. The present Moving Average for the last 50 days of trading for this stock 1.7700, while it was recorded at 1.6000 for the last single week of trading, and 2.2900 for the last 200 days.
Accuray Inc [ARAY]: An insightful look at the core fundamentals
Accuray Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 1.65.
Accuray Inc [ARAY]: Institutional Ownership
The top three institutional holders of ARAY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ARAY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ARAY stock with ownership which is approximately 5.1238%.
