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Monday, December 4, 2023

There’s No Getting Around Accuray Inc (NASDAQ: ARAY) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Accuray Inc (ARAY) shows that investor sentiment remained same, with the stock’s consolidated last price to $2.66. The Accuray Inc has recorded 5,667 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Accuray Reports Fiscal 2024 First Quarter Financial Results.

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Stocks Info

ARAY belongs to the Healthcare sector of the NASDAQ while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $2.66 and fluctuated between $2.9200 as its day high and $2.6600 as its day low. The current market capitalization of Accuray Inc is $256.93M. A total of 1.07 million shares were traded on the day, compared to an average of 484.66K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ARAY has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 48,556 shares. Over the last 12 months, there were 19 BUYs and 20 SELLs from insiders. Insiders purchased 2,342,505 shares during that period but sold 258,103.

In the most recent transaction, Winter Suzanne C sold 38,338 shares of ARAY for 2.57 per share on Nov 01. After the transaction, the President now owns 1,436,616 company shares. In a previous transaction on Oct 31, Pervaiz Ali sold 3,303 shares at 2.58 per share. ARAY shares that SVP Chief Financial Officer owns now total 401,857.

Among the insiders who sold shares, Winter Suzanne C disposed of 17,119 shares on Oct 03 at a per-share price of $2.62. This resulted in the President holding 1,474,954 shares of ARAY after the transaction. In another insider transaction, Chew Jesse sold 9,026 shares at $2.62 per share on Oct 03. Company shares held by the SVP, General Counsel now total 473,674.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ARAY has a high of $4.30 and a low of $1.85.

As of this writing, ARAY has an earnings estimate of $Accuray Incorporated per share for the current quarter. EPS was calculated based on a consensus of Array Technologies, Inc. estimates, with a high estimate of $DENTSPLY SIRONA Inc. per share and a lower estimate of $Aravive, Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ARAY’s latest balance sheet shows that the firm has $88.74M in Cash & Short Term Investments as of fiscal 2022. There were $213.73M in debt and $208.86M in liabilities at the time. Its Book Value Per Share was $0.56, while its Total Shareholder’s Equity was $53.19M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARAY is Buy with a score of 5.00.

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