Accuray - ARAY Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Accuray in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARAY shares.
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3 brokerages have issued 1 year target prices for Accuray's shares. Their ARAY share price forecasts range from $7.00 to $7.50. On average, they anticipate the company's stock price to reach $7.33 in the next year. This suggests a possible upside of 257.7% from the stock's current price.
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Accuray's stock was trading at $4.77 at the beginning of the year. Since then, ARAY shares have decreased by 57.0% and is now trading at $2.05.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Accuray Incorporated (NASDAQ:ARAY) posted its quarterly earnings results on Tuesday, November, 2nd. The medical equipment provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The medical equipment provider earned $107.44 million during the quarter. Accuray had a negative net margin of 2.33% and a negative trailing twelve-month return on equity of 19.27%.

Accuray issued an update on its FY 2023 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $447.00 million-$455.00 million, compared to the consensus revenue estimate of $450.03 million.

107 employees have rated Accuray Chief Executive Officer Joshua Levine on Glassdoor.com. Joshua Levine has an approval rating of 45% among the company's employees. This puts Joshua Levine in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Accuray to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Accuray investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Intel (INTC), Activision Blizzard (ATVI), Geron (GERN), Sorrento Therapeutics (SRNE), Tesla (TSLA), AbbVie (ABBV), QUALCOMM (QCOM) and ADMA Biologics (ADMA).

Accuray trades on the NASDAQ under the ticker symbol "ARAY."

Accuray's stock is owned by a variety of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (5.59%), Vanguard Group Inc. (4.29%), Renaissance Technologies LLC (3.98%), BlackRock Inc. (3.59%), Royce & Associates LP (2.91%) and Heartland Advisors Inc. (2.66%). Insiders that own company stock include Ali Pervaiz, Andrew J Kirkpatrick, Brandon W Green, Byron C Scott, Jesse Chew, Joseph E Whitters, Joshua Levine, Michael Hoge, Patrick Spine, Shigeyuki Hamamatsu and Suzanne C Winter.
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Shares of ARAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARAY stock can currently be purchased for approximately $2.05.

Accuray (NASDAQ:ARAY) has a market capitalization of $192.25 million and generates $429.91 million in revenue each year. The medical equipment provider earns $-5,350,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

The company employs 1,044 workers across the globe.

Accuray's mailing address is 1310 CHESAPEAKE TERRACE, SUNNYVALE CA, 94089. The official website for the company is www.accuray.com. The medical equipment provider can be reached via phone at (408) 716-4600, via email at mpolyviou@evcgroup.com, or via fax at 408-716-4601.