The stock of Accuray Inc (NASDAQ:ARAY) last traded at $2.13, down -2.74% from the previous session.
ARAY stock price is now 9.59% away from the 50-day moving average and 11.15% away from the 200-day moving average. The market capitalization of the company currently stands at $214.21M.
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With the price target of $9, ROTH MKM recently initiated with Buy rating for Accuray Inc (NASDAQ: ARAY). On June 23, 2022, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $7.50, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Pervaiz Ali, SVP Chief Financial Officer sold 8,404 shares of the company’s stock on Sep 04 ’24. The stock was sold for $17,276 at an average price of $2.06. Upon completion of the transaction, the SVP Chief Financial Officer now directly owns 394,138 shares in the company, valued at $0.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, SVP Chief Financial Officer Pervaiz Ali sold 2,701 shares of the business’s stock. A total of $4,597 was realized by selling the stock at an average price of $1.70. This leaves the insider owning 402,542 shares of the company worth $0.86 million. A total of 4.97% of the company’s stock is owned by insiders.
During the past 12 months, Accuray Inc has had a low of $1.40 and a high of $2.99. As of last week, the company has a debt-to-equity ratio of 4.62, a current ratio of 1.62, and a quick ratio of 0.85. The fifty day moving average price for ARAY is $1.9436 and a two-hundred day moving average price translates $1.91635 for the stock.
The latest earnings results from Accuray Inc (NASDAQ: ARAY) was released for 2021-06-30. The net profit margin was -3.72% and return on equity was -34.38% for ARAY. The company reported revenue of $101.55 million for the quarter, compared to $103.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.26 percent.
