With two Days To Next Earnings Report, Accuray Incorporated (Nasdaq:ARAY) Close At $3.63

Accuray Incorporated (Nasdaq:ARAY)

August 14th, 2018

Amidst rising markets Accuray Incorporated fell $0.12 Tuesday which equals a 3.33% drop, closing at $3.63. With an estimated two days to the next earnings report, everyone is watching Accuray Incorporated. As well as the drop in value, Accuray Incorporated hit a new 52 week low of $3.55, breaking the previous low of $3.70 from earlier this month. Accuray Incorporated bounced 8.45% between high and low. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -0.14.

ARAY was outperformed by the rest of the Healthcare sector which went up 0.45%.

Accuray Incorporated Info

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. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables the delivery of precise, high dose radiation while patients breathe normally. It also offers the TomoTherapy System, which consists of an integrated and versatile radiation therapy system used for the treatment of a range of cancer types. The company markets its products in the United States directly, as well as through a sales agent and group purchasing organizations; and directly and through distributors and sales agents in Europe, Japan and other countries of Asia, South America, and internationally to hospitals and stand-alone treatment facilities. Accuray Incorporated was incorporated in 1990 and is headquartered in Sunnyvale, California.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Accuray Incorporated’s score is -0.14) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

ARAY daily update
ARAY daily update

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