With 0.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.63 million shares. The 52-week range on ARAY shows that it touched its highest point at $2.95 and its lowest point at $1.28 during that stretch. It currently has a 1-year price target of $5.62. Beta for the stock currently stands at 1.34.
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 up-trending over the past week, with a rise of 10.37%, but this was down by -2.61% over a month. Three-month performance dropped to -44.61% while six-month performance fell -17.22%. The stock lost -16.76% in the past year, while it has lost -24.75% so far this year. A look at the trailing 12-month EPS for ARAY yields 0.01 with Next year EPS estimates of -0.04. For the next quarter, that number is 0.01. This implies an EPS growth rate of 91.67% for this year and -200.01% for next year.
Float and Shares Shorts:
At present, 102.85 million ARAY shares are outstanding with a float of 98.01 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 -$0.16411 being high and -$0.17467 being low. For ARAY, this leads to a yearly average estimate of -$0.17.
