Accuray Incorporated Stock Price To Book
| ARAY Stock | USD 1.67 0.02 1.18% |
Accuray Incorporated fundamentals help investors to digest information that contributes to Accuray Incorporated's financial success or failures. It also enables traders to predict the movement of Accuray Stock. The fundamental analysis module provides a way to measure Accuray Incorporated's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Accuray Incorporated stock.
Price To Book Ratio is likely to rise to 6.47 in 2024. Accuray | Price To Book |
Accuray Incorporated Company Price To Book Analysis
Accuray Incorporated's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Accuray Incorporated Price To Book | 4.74 X |
Most of Accuray Incorporated's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Accuray Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Accuray Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Accuray Incorporated is extremely important. It helps to project a fair market value of Accuray Stock properly, considering its historical fundamentals such as Price To Book. Since Accuray Incorporated's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Accuray Incorporated's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Accuray Incorporated's interrelated accounts and indicators.
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Accuray Price To Book Historical Pattern
Today, most investors in Accuray Incorporated Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Accuray Incorporated's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Accuray Incorporated price to book as a starting point in their analysis.
Accuray Incorporated Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Accuray Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Accuray Incorporated has a Price To Book of 4.7448 times. This is 81.52% lower than that of the Health Care Equipment & Supplies sector and 16.32% lower than that of the Health Care industry. The price to book for all United States stocks is 50.11% higher than that of the company.
Accuray Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Accuray Incorporated's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Accuray Incorporated could also be used in its relative valuation, which is a method of valuing Accuray Incorporated by comparing valuation metrics of similar companies.Accuray Incorporated is currently under evaluation in price to book category among related companies.
Accuray Fundamentals
| Return On Equity | -0.45 | ||||
| Return On Asset | -0.0056 | ||||
| Profit Margin | (0.05) % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 250.76 M | ||||
| Shares Outstanding | 99.24 M | ||||
| Shares Owned By Insiders | 3.57 % | ||||
| Shares Owned By Institutions | 66.43 % | ||||
| Number Of Shares Shorted | 5.62 M | ||||
| Price To Earning | 44.00 X | ||||
| Price To Book | 4.74 X | ||||
| Price To Sales | 0.51 X | ||||
| Revenue | 447.61 M | ||||
| Gross Profit | 153.96 M | ||||
| EBITDA | 6.91 M | ||||
| Net Income | (9.28 M) | ||||
| Cash And Equivalents | 97.84 M | ||||
| Cash Per Share | 1.05 X | ||||
| Total Debt | 205.04 M | ||||
| Debt To Equity | 3.90 % | ||||
| Current Ratio | 1.68 X | ||||
| Book Value Per Share | 0.41 X | ||||
| Cash Flow From Operations | 15.54 M | ||||
| Short Ratio | 11.33 X | ||||
| Earnings Per Share | (0.22) X | ||||
| Price To Earnings To Growth | 0.08 X | ||||
| Target Price | 6.0 | ||||
| Number Of Employees | 1.02 K | ||||
| Beta | 1.49 | ||||
| Market Capitalization | 167.72 M | ||||
| Total Asset | 479.21 M | ||||
| Retained Earnings | (502.14 M) | ||||
| Working Capital | 139.4 M | ||||
| Current Asset | 361.68 M | ||||
| Current Liabilities | 210.21 M | ||||
| Net Asset | 479.21 M |
About Accuray Incorporated Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Accuray Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Accuray Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Accuray Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Accuray Incorporated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Accuray Incorporated's short interest history, or implied volatility extrapolated from Accuray Incorporated options trading.
Pair Trading with Accuray Incorporated
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accuray Incorporated position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accuray Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving together with Accuray Stock
| 0.89 | CVS | CVS Health Corp | PairCorr |
| 0.68 | NPCE | Neuropace Downward Rally | PairCorr |
Moving against Accuray Stock
| 0.83 | DCTH | Delcath Systems Financial Report 27th of May 2024 | PairCorr |
| 0.81 | TMDX | TransMedics Group | PairCorr |
| 0.76 | ACB | Aurora Cannabis Buyout Trend | PairCorr |
| 0.75 | CGC | Canopy Growth Corp Upward Rally | PairCorr |
| 0.73 | CRON | Cronos Group Buyout Trend | PairCorr |
The ability to find closely correlated positions to Accuray Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accuray Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accuray Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accuray Incorporated to buy it.
The correlation of Accuray Incorporated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accuray Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accuray Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accuray Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Accuray Incorporated Piotroski F Score and Accuray Incorporated Altman Z Score analysis. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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 (0.22) | Revenue Per Share 4.422 | Quarterly Revenue Growth 0.168 | Return On Assets (0.01) |
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.