Accuray (ARAY) Earns News Impact Score of 0.12

Media coverage about Accuray (NASDAQ:ARAY) has trended somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Accuray earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the medical equipment provider an impact score of 47.0140968481904 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern’s scoring:

Shares of Accuray opened at $4.90 on Friday, according to Accuray has a 1 year low of $4.72 and a 1 year high of $4.77. The stock has a market cap of $411.06 million, a PE ratio of -13.61 and a beta of 1.75. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.97 and a current ratio of 1.62.

Accuray (NASDAQ:ARAY) last posted its quarterly earnings results on Monday, April 30th. The medical equipment provider reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.05). The firm had revenue of $99.83 million during the quarter, compared to analyst estimates of $98.18 million. Accuray had a negative return on equity of 52.91% and a negative net margin of 7.00%. equities research analysts anticipate that Accuray will post -0.29 earnings per share for the current year.

A number of analysts have recently issued reports on ARAY shares. BidaskClub lowered Accuray from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada set a $6.00 target price on Accuray and gave the stock a “hold” rating in a research report on Tuesday, April 10th. Finally, Zacks Investment Research lowered Accuray from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.21.

In related news, CEO Joshua Levine sold 8,675 shares of Accuray stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $4.65, for a total value of $40,338.75. Following the completion of the transaction, the chief executive officer now directly owns 1,426,753 shares in the company, valued at $6,634,401.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 14,257 shares of company stock valued at $66,295 over the last quarter. Insiders own 3.90% of the company’s stock.

Accuray Company Profile

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body.

Insider Buying and Selling by Quarter for Accuray (NASDAQ:ARAY)

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