Accuray Incorporated (NASDAQ:ARAY) rose 14.88% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 3.96% and is now up by 53.96% since start of this year. A look at its monthly performance shows that the stock has recorded a 36.36% gain over the past 30 days. Its equity price climbed by 0.19% over the past three months which led to its overall six-month increase to stand at 32.91%.
The shares of Accuray Incorporated (ARAY) dropped by -9.48% or -$0.55 from its last recorded high of $5.8 which it attained on March 13 to close at $5.25 per share. Over the past 52 weeks, the shares of Accuray Incorporated has been trading as low as $3.16 before witnessing a massive surge by 66.14% or $2.09. This price movement has led to the ARAY stock receiving more attention and has become one to watch out for. It jumped by 2.54% on Monday and this got the market excited. The stock’s beta now stands at 2.05 and when compared to its 200-day moving average and its 50-day moving average, ARAY price stands 26.69% above and 32.6% above respectively. Its average daily volatility for this week is 5.25% which is less than the 6.28% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Accuray Incorporated with most of them predicting a $6.78 price target on a short-term (12 months) basis. The average price target by the analysts will see a 29.14% rise in the stock and would lead to ARAY’s market cap to surge to $566.88M. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 7 analysts that track Accuray Incorporated (NASDAQ:ARAY) and find out that 3 of them rated it as a Hold. 3 of the 4 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ARAY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 76.63 point. Its trading volume has added 560726 shares compared to readings over the past three months as it recently exchanged 1436676 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 875950 shares, and this is 1.64 times the normal volume.
The price of Axovant Sciences Ltd. (NASDAQ:AXON) currently stands at $1.3 after it went up by $0.05 or 4% and has found a strong support at $1.23 a share. If the AXON price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $1.15 mark would also be bad for the stock as it means that the stock would plunge by 11.54% from its current position. However, if the stock price is able to trade above the resistance point around $1.36, then it could likely surge higher to try and break the upward resistance which stands at $1.41 a share. Its average daily volatility over the past one month stands at 7.8%. The stock has plunged by 6.92% from its 52-weeks high of $1.21 which it reached on Jun. 07, 2018. In general, it is 28.46% above its 52-weeks lowest point which stands at $0.93 and this setback was observed on Jan. 23, 2019.
Analysts have predicted a price target for Axovant Sciences Ltd. (AXON) for 1 year and it stands at an average $4.5/share. This means that it would likely increase by 246.15% from its current position. The current price of the stock has been moving between $1.21 and $1.34. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2. On the other hand, one analyst is super bullish about the price, setting a target as high as $7.
The AXON stock Stochastic Oscillator (%D) is at 75.56%, which means that it is currently neutral. The shares P/S ratio stands at 0 which compares to the 51.22 recorded by the industry or the 9.88 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.
Analysts view Axovant Sciences Ltd. (NASDAQ:AXON) as a Hold, with 2.3 consensus rating. Reuters surveyed 6 analysts that follow AXON and found that 3 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Axovant Sciences Ltd. (AXON) shares or sell it if they already own it.