With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. The 52-week range on ARAY shows that it touched its highest point at $2.95 and its lowest point at $1.40 during that stretch. It currently has a 1-year price target of $6.12. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARAY was down-trending over the past week, with a drop of -7.46%, but this was down by -7.46% over a month. Three-month performance surged to 24.12% while six-month performance fell -7.05%. The stock lost -22.71% in the past year, while it has gained 6.57% so far this year. A look at the trailing 12-month EPS for ARAY yields -0.05 with Next year EPS estimates of 0.10. For the next quarter, that number is -0.05. This implies an EPS growth rate of 93.12% for this year and 981.21% for next year.
Float and Shares Shorts:
At present, 102.81 million ARAY shares are outstanding with a float of 97.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARAY since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.16815 being high and -$0.17168 being low. For ARAY, this leads to a yearly average estimate of -$0.17. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.06.
