Accuray Incorporated Stock Today
| ARAY Stock | USD 2.31 0.03 1.32% |
Performance0 of 100
| Odds Of DistressLess than 41
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Accuray Incorporated is trading at 2.31 as of the 16th of April 2024; that is 1.32 percent increase since the beginning of the trading day. The stock's open price was 2.28. Accuray Incorporated has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Accuray Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of July 2023 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 8th of February 2007 | Category Healthcare | Classification Health Care |
Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the Americas, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. Accuray Incorporated was incorporated in 1990 and is headquartered in Sunnyvale, California. The company has 99.17 M outstanding shares of which 5.27 M shares are presently shorted by private and institutional investors with about 11.21 trading days to cover. More on Accuray Incorporated
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Follow Valuation Options Odds of Bankruptcy
Financial Report 24th of April 2024
Accuray Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Accuray Incorporated's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Accuray Incorporated or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Joshua Levine | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Health Care, NASDAQ Composite, NASDAQ Composite Total, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Accuray Incorporated report their recommendations after researching Accuray Incorporated's financial statements, talking to executives and customers, or listening in on Accuray Incorporated's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Accuray Incorporated. The Accuray consensus assessment is calculated by taking the average forecast from all of the analysts covering Accuray Incorporated. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Accuray Incorporated's historical financial statements, Accuray Incorporated is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Accuray Incorporated is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Accuray Incorporated's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Accuray Incorporated's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Accuray Incorporated's financial leverage. It provides some insight into what part of Accuray Incorporated's total assets is financed by creditors.
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Accuray Incorporated (ARAY) is traded on NASDAQ Exchange in USA. It is located in 1240 Deming Way, Madison, WI, United States, 53717-1954 and employs 1,024 people. Accuray Incorporated is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 229.08 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Accuray Incorporated's market, we take the total number of its shares issued and multiply it by Accuray Incorporated's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Accuray Incorporated conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 99.17 M outstanding shares of which 5.27 M shares are presently shorted by private and institutional investors with about 11.21 trading days to cover.
Accuray Incorporated currently holds about 97.84 M in cash with 15.54 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.05.
Check Accuray Incorporated Probability Of Bankruptcy
Ownership AllocationAccuray Incorporated retains a total of 99.17 Million outstanding shares. Over half of Accuray Incorporated's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Accuray Incorporated. Please watch out for any change in the institutional holdings of Accuray Incorporated as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Accuray Ownership Details
Accuray Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Accuray Incorporated jumping above the current price in 90 days from now is roughly 97.0%. The Accuray Incorporated probability density function shows the probability of Accuray Incorporated stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6716. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Accuray Incorporated will likely underperform. Additionally, accuray Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Accuray Incorporated to move above the current price in 90 days from now is roughly 97.0 (This Accuray Incorporated probability density function shows the probability of Accuray Stock to fall within a particular range of prices over 90 days) .
Accuray Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Accuray Incorporated that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Accuray Incorporated's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Accuray Incorporated's value.| Instituion | Recorded On | Shares | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.8 M | |
| State Street Corporation | 2023-12-31 | 1.7 M | |
| Foundry Partners, Llc | 2023-12-31 | 1.5 M | |
| Dafna Capital Management Llc | 2023-12-31 | 1.2 M | |
| Kovack Advisors Inc | 2023-12-31 | 1.1 M | |
| North Star Investment Management Corp | 2023-12-31 | 1.1 M | |
| Kennedy Capital Management Inc | 2023-12-31 | 994 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 959.5 K | |
| Northern Trust Corp | 2023-12-31 | 832 K | |
| Blackrock Inc | 2023-12-31 | 8.3 M | |
| Archon Capital Management Llc | 2023-12-31 | 6.5 M |
Accuray Incorporated Historical Income Statement
Accuray Incorporated Income Statement is one of the three primary financial statements used for reporting Accuray's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Accuray Incorporated revenue and expense. Accuray Incorporated Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Accuray Incorporated's Operating Income is fairly stable compared to the past year. EBIT is likely to rise to about 2.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 3.9 M in 2024. View More FundamentalsAccuray Stock Against Markets
Picking the right benchmark for Accuray Incorporated stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Accuray Incorporated stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Accuray Incorporated is critical whether you are bullish or bearish towards Accuray Incorporated at a given time. Please also check how Accuray Incorporated's historical prices are related to one of the top price index indicators.
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Accuray Incorporated Corporate Directors
Accuray Incorporated corporate directors refer to members of an Accuray Incorporated board of directors. The board of directors generally takes responsibility for the Accuray Incorporated's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Accuray Incorporated's board members must vote for the resolution. The Accuray Incorporated board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Emad Rizk | Independent Director | Profile | |
| Robert Weiss | Independent Director | Profile | |
| Beverly Huss | Director | Profile | |
| Richard Pettingill | Independent Director | Profile |
How to buy Accuray Stock?
Before investing in Accuray Incorporated, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Accuray Incorporated. To buy Accuray Incorporated stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Accuray Incorporated. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Accuray Incorporated stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Accuray Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Accuray Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Accuray Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.
Already Invested in Accuray Incorporated?
The danger of trading Accuray Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Accuray Incorporated is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Accuray Incorporated. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Accuray Incorporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Accuray Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Accuray Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Accuray Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Accuray Incorporated Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.Note that the Accuray Incorporated information on this page should be used as a complementary analysis to other Accuray Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Accuray Stock analysis
When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Accuray Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Accuray Incorporated. If investors know Accuray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Accuray Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (0.15) | Revenue Per Share 4.64 | Quarterly Revenue Growth 0.168 | Return On Assets 0.0001 |
The market value of Accuray Incorporated is measured differently than its book value, which is the value of Accuray that is recorded on the company's balance sheet. Investors also form their own opinion of Accuray Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Accuray Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Accuray Incorporated's market value can be influenced by many factors that don't directly affect Accuray Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Accuray Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accuray Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accuray Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.