How to Buy Accuray Stock
Accuray Inc
Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region.
Accuray stock last closed at $2.21, up 0.91% from the previous day, and has decreased 25.59% in one year. It has underperformed other stocks in the Medical Devices industry by 0.09 percentage points. Accuray stock is currently +1.84% from its 52-week low of $2.17, and -48.59% from its 52-week high of $4.30.
As of Apr 18, 2024, there are 99.17M ARAY shares outstanding. The market cap of ARAY is $219.16M. In the last 24 hours, 693,508 ARAY shares were traded.
How to Buy Accuray Stock
Not sure how to invest in Accuray stock? Here's how.
- Figure out where to buy Accuray stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Accuray stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your payment method and add your information.
- Evaluate Accuray stock: The Accuray ticker symbol is ARAY. Is Accuray stock a good investment? Should you buy shares of ARAY? How do ARAY's underlying business fundamentals look? Do top analysts think Accuray is a good buy? Why has ARAY's stock price moved recently? (Hint: Our stock market research website can help you evaluate if ARAY is a good stock to buy).
- Make your ARAY purchase: Decide if you will purchase ARAY shares at the current market price or use a limit order to buy ARAY shares at a particular price.
- Get the latest scoop on your investment in ARAY: Create a watchlist to monitor your investment in Accuray shares.
Step 1: Figure out where to buy Accuray stock
You need a brokerage account in order to access the NASDAQ market and buy ARAY stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to buy ARAY today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have filled out your info on our top ranked stock app, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new investment account.
Step 4: Evaluate Accuray stock
After you have selected the best place to buy Accuray stock, it's very important to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Accuray stock quick numbers
Accuray Overview
WallStreetZen was created to help part-time investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ARAY's stock page.
How is ARAY stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge ARAY's true value.
Using relative valuations metrics:
- ARAY may be overvalued based on its P/B ratio of 4.6x, relative to Medical Devices industry P/B ratio of 3.63x
You can do additional valuation analysis on ARAY's stock here.
Is ARAY a healthy company?
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the ARAY balance sheet.
- There are more short-term assets than short-term liabilities on the ARAY balance sheet.
Failed Health Checks:
- ARAY's operating cash flow of $19.82M allows it to safely service it's debt of $202.22M.
- ARAY has a relatively high debt to equity ratio of 9.
- ARAY profit margin has gone down from -2.8% to -3.3% in the past year.
- Total ARAY debt is higher than 5 years ago, relative to shareholder equity.
- ARAY earnings of -$10.64M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy Accuray stock
Out of 1 Wall Street analysts who monitor ARAY, the consensus analyst rating on Accuray is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Accuray stock forecast page.
ARAY Momentum
ARAY Growth Numbers
Last year, ARAY revenue was $447.48M. In the last 5 year, ARAY's revenue has gone up by 1.68% per year. This was slower than the Medical Devices industry average of 13.47%.
Learn more about ARAY's earnings and revenue performance here.
Are ARAY executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at ARAY have sold more shares than they have bought.
Michael Hoge, Senior VP Global Operations of ARAY, was the latest ARAY insider to sell. They sold $31,056.69 worth of ARAY shares on Mar 1, 2024.
Dig into more about who owns ARAY stock here.
Does ARAY stock generate passive income?
No, Accuray doesn't provide an income stream by paying out dividends.
What do other investors have to say about ARAY?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your ARAY purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you need additional help buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in ARAY
Now that you own some shares in ARAY, you'll want to keep up with your company.
Put ARAY on a watchlist to monitor your ARAY stock.
ARAY Feed
How to Buy Stock in Accuray
To reiterate, here are the 6 steps for buying Accuray stock:
- Figure out where to buy Accuray stock
- Sign up for a brokerage account
- Put funds into your investment account
- Evaluate Accuray stock
- Make your ARAY purchase
- Get the latest scoop on your investment in ARAY
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Accuray, get started below.
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