Is Accuray Incorporated Stock a Good Investment?
Accuray Incorporated Investment Advice | ARAY |
- Examine Accuray Incorporated's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Accuray Incorporated's leadership team and their track record. Good management can help Accuray Incorporated navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Accuray Incorporated's business and its evolving consumer preferences.
- Compare Accuray Incorporated's performance and market position to its competitors. Analyze how Accuray Incorporated is positioned in terms of product offerings, innovation, and market share.
- Check if Accuray Incorporated pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Accuray Incorporated's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Accuray Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Accuray Incorporated is a good investment.
Sell | Buy |
Hold
Market Performance | Insignificant | Details | |
Volatility | Risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Accuray Incorporated Stock
Researching Accuray Incorporated's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 63.0% of the company shares are held by institutions such as insurance companies. The book value of Accuray Incorporated was presently reported as 0.45. The company has Price/Earnings To Growth (PEG) ratio of 0.08. Accuray Incorporated recorded a loss per share of 0.17. The entity had not issued any dividends in recent years.
To determine if Accuray Incorporated is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Accuray Incorporated's research are outlined below:
| Accuray Incorporated had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 446.55 M. Net Loss for the year was (15.54 M) with profit before overhead, payroll, taxes, and interest of 153.96 M. | |
| Accuray Incorporated currently holds about 97.84 M in cash with (11.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.05. | |
| Accuray Incorporated has a frail financial position based on the latest SEC disclosures | |
| Roughly 63.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Heres Why You Should Add Accuray Stock in Your Portfolio Now |
Accuray Incorporated Quarterly Liabilities And Stockholders Equity |
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Accuray Incorporated uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Accuray Incorporated. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Accuray Incorporated's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of August 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Accuray Incorporated's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Accuray Incorporated's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-01-26 | 2021-12-31 | 0.004 | 0.0019 | -0.0021 | 52 | ||
2024-11-06 | 2024-09-30 | -0.05 | -0.04 | 0.01 | 20 | ||
2023-02-01 | 2022-12-31 | -0.03 | -0.02 | 0.01 | 33 | ||
2021-08-11 | 2021-06-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2020-08-13 | 2020-06-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2018-08-16 | 2018-06-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2016-01-28 | 2015-12-31 | -0.07 | -0.08 | -0.01 | 14 | ||
2010-02-04 | 2009-12-31 | -0.01 | -0.02 | -0.01 | 100 |
Know Accuray Incorporated's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Accuray Incorporated is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Accuray Incorporated backward and forwards among themselves. Accuray Incorporated's institutional investor refers to the entity that pools money to purchase Accuray Incorporated's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Dafna Capital Management Llc | 2024-09-30 | 1.2 M | Kovack Advisors Inc | 2024-09-30 | 1 M | Kent Lake Capital Llc | 2024-06-30 | 1000 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 887.5 K | North Star Investment Management Corp | 2024-09-30 | 871.7 K | Northern Trust Corp | 2024-09-30 | 802.3 K | Archon Capital Management Llc | 2024-09-30 | 796.9 K | Kennedy Capital Management Inc | 2024-09-30 | 764.9 K | Acuitas Investments, Llc | 2024-09-30 | 708.6 K | Blackrock Inc | 2024-06-30 | 8.2 M | Neuberger Berman Group Llc | 2024-09-30 | 5.6 M |
Accuray Incorporated's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 208.17 M.Market Cap |
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Accuray Incorporated's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.04) | (0.04) | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.34) | (0.36) |
Determining Accuray Incorporated's profitability involves analyzing its financial statements and using various financial metrics to determine if Accuray Incorporated is a good buy. For example, gross profit margin measures Accuray Incorporated's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Accuray Incorporated's profitability and make more informed investment decisions.
Accuray Incorporated's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Accuray Incorporated's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Accuray Incorporated. Check Accuray Incorporated's Beneish M Score to see the likelihood of Accuray Incorporated's management manipulating its earnings.
Evaluate Accuray Incorporated's management efficiency
Return On Capital Employed is likely to rise to 0 in 2024, whereas Return On Tangible Assets are likely to drop (0.04) in 2024. At this time, Accuray Incorporated's Other Current Assets are fairly stable compared to the past year. Fixed Asset Turnover is likely to rise to 8.99 in 2024, whereas Total Assets are likely to drop slightly above 394.4 M in 2024. Accuray Incorporated's management efficiency ratios could be used to measure how well Accuray Incorporated manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.46 | 0.51 | |
| Tangible Book Value Per Share | (0.13) | (0.12) | |
| Enterprise Value Over EBITDA | 55.20 | 31.33 | |
| Price Book Value Ratio | 3.84 | 1.94 | |
| Enterprise Value Multiple | 55.20 | 31.33 | |
| Price Fair Value | 3.84 | 1.94 | |
| Enterprise Value | 573.9 M | 597.9 M |
Evaluating the management effectiveness of Accuray Incorporated allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Accuray Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Beta 1.404 |
Basic technical analysis of Accuray Stock
As of the 10th of December, Accuray Incorporated shows the risk adjusted performance of 0.0313, and Mean Deviation of 3.37. Accuray Incorporated technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Accuray Incorporated's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Accuray Incorporated insiders, such as employees or executives, is commonly permitted as long as it does not rely on Accuray Incorporated's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Accuray Incorporated insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Accuray Incorporated's Outstanding Corporate Bonds
Accuray Incorporated issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Accuray Incorporated uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Accuray bonds can be classified according to their maturity, which is the date when Accuray Incorporated has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Accuray Incorporated's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Accuray Incorporated's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0313 | |||
| Market Risk Adjusted Performance | 0.0803 | |||
| Mean Deviation | 3.37 | |||
| Semi Deviation | 4.25 | |||
| Downside Deviation | 4.71 | |||
| Coefficient Of Variation | 3143.17 | |||
| Standard Deviation | 4.32 | |||
| Variance | 18.65 | |||
| Information Ratio | 0.003 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.0703 | |||
| Maximum Drawdown | 20.46 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 7.61 | |||
| Downside Variance | 22.15 | |||
| Semi Variance | 18.1 | |||
| Expected Short fall | (3.73) | |||
| Skewness | (0.34) | |||
| Kurtosis | 0.3157 |
| Risk Adjusted Performance | 0.0313 | |||
| Market Risk Adjusted Performance | 0.0803 | |||
| Mean Deviation | 3.37 | |||
| Semi Deviation | 4.25 | |||
| Downside Deviation | 4.71 | |||
| Coefficient Of Variation | 3143.17 | |||
| Standard Deviation | 4.32 | |||
| Variance | 18.65 | |||
| Information Ratio | 0.003 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.0703 | |||
| Maximum Drawdown | 20.46 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 7.61 | |||
| Downside Variance | 22.15 | |||
| Semi Variance | 18.1 | |||
| Expected Short fall | (3.73) | |||
| Skewness | (0.34) | |||
| Kurtosis | 0.3157 |
Consider Accuray Incorporated's intraday indicators
Accuray Incorporated intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Accuray Incorporated stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 28197.32 | |||
| Daily Balance Of Power | (0.25) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 2.08 | |||
| Day Typical Price | 2.08 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.02) |
Accuray Incorporated Corporate Filings
F3 | 9th of December 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
F4 | 3rd of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 26th of November 2024 Other Reports | ViewVerify | |
8K | 25th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Accuray Stock media impact
Far too much social signal, news, headlines, and media speculation about Accuray Incorporated that are available to investors today. That information is available publicly through Accuray media outlets and privately through word of mouth or via Accuray internal channels. However, regardless of the origin, that massive amount of Accuray data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Accuray Incorporated news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Accuray Incorporated relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Accuray Incorporated's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Accuray Incorporated alpha.
Accuray Incorporated Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Accuray Incorporated can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Accuray Incorporated Corporate Management
| Jesse Chew | Chief VP | Profile | |
| Melanie Gebauer | Vice Resources | Profile | |
| GS Jha | Global Officer | Profile | |
| Sandeep Chalke | Interim Officer | Profile | |
| Jim Dennison | Quality Regulatory | Profile |
Already Invested in Accuray Incorporated?
The danger of trading Accuray Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Accuray Incorporated is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Accuray Incorporated. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Accuray Incorporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional Tools for Accuray Stock Analysis
When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.