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Charting the Course: Accuray Inc’s ARAY Stock Prospects

The stock market performance of Accuray Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $3.05 on 12/27/23, while the lowest price during the same time frame was $1.40, recorded on 08/12/24.

52-week price history of ARAY Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Accuray Inc’s current trading price is -35.08% away from its 52-week high, while its distance from the 52-week low is 41.43%. The stock’s price range during this period has fluctuated between $1.40 and $3.05. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 0.65 million for the day, which was evidently lower than the average daily volume of 0.92 million over the last three months.

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Financial Performance and Market Capitalization

Accuray Inc (ARAY) has experienced a quarterly rise of 36.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 204.83M and boasts a workforce of 987 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.88, with a change in price of +0.15. Similarly, Accuray Inc recorded 795,788 in trading volume during the last 100 days, posting a change of +8.20%.

ARAY Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ARAY stands at 4.62. Similarly, the long-term debt-to-equity ratio is also 4.30.

ARAY Stock Stochastic Average

Accuray Inc’s raw stochastic average for the past 50 days is currently at 53.70%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 61.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 86.81% and 94.56%, respectively.

ARAY Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -30.04%. However, over the past six months, we’ve seen a weaker performance of 25.32%. The price of ARAY fallen by 8.20% over the last 30 days. And in the last five days, it has surged by 10.00%.

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