Are Things Looking Up For Accuray Inc (NASDAQ: ARAY)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Devices industry segment. The current market capitalization of Accuray Inc is $208.47M. A total of 0.84 million shares were traded on the day, compared to an average of 636.93K shares.

In the most recent transaction, Pervaiz Ali sold 8,404 shares of ARAY for 2.06 per share on Sep 04 ’24. After the transaction, the SVP Chief Financial Officer now owns 394,138 company shares. In a previous transaction on Dec 01 ’23, Chalke Sandeep sold 26,799 shares at 1.70 per share. ARAY shares that SVP, Chief Commercial Officer owns now total 531,341.

Among the insiders who sold shares, Pervaiz Ali disposed of 2,701 shares on Jun 04 ’24 at a per-share price of $1.70. This resulted in the SVP Chief Financial Officer holding 402,542 shares of ARAY after the transaction. In another insider transaction, WHITTERS JOSEPH E bought 50,000 shares at $1.58 per share on May 29 ’24. Company shares held by the Director now total 561,053.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ARAY has a high of $3.05 and a low of $1.40.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $199.49M in debt and $208.86M in liabilities at the time. Its Book Value Per Share was $0.45, while its Total Shareholder’s Equity was $53.19M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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