ARAY Should I Buy
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0.000(0.000%)
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Accuray Inc (ARAY) is not a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 to invest. The technical indicators are bearish, the financial performance is significantly deteriorating, and there are no strong positive catalysts or trading signals to support a buy decision. Analysts have lowered price targets, and the options data shows neutral to slightly bearish sentiment. Overall, the stock does not align with the user's investment goals.
The technical indicators for ARAY are bearish. The MACD is below 0 and negatively contracting, RSI is neutral at 38.543, and the moving averages show a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading below the pivot level of 0.575, with key support at 0.508 and resistance at 0.642.
No positive catalysts identified. There is no recent news, and hedge fund and insider trading activity are neutral.
The company's financial performance has significantly deteriorated in Q2 2026, with revenue down 11.99% YoY, net income down 642.77% YoY, and EPS down 650% YoY. Gross margin also dropped by 33.84%. Analysts have lowered the price target from $4 to $2, citing geopolitical pressures and reduced sales and EBITDA expectations. Technical indicators and options data suggest a lack of bullish momentum.
In Q2 2026, Accuray Inc reported revenue of $102.24M (-11.99% YoY), net income of -$13.77M (-642.77% YoY), EPS of -0.11 (-650% YoY), and a gross margin of 23.54% (-33.84% YoY). The company's financials indicate significant declines across all key metrics.
BTIG lowered the price target for ARAY from $4 to $2 while maintaining a Buy rating, citing reduced sales and EBITDA expectations due to geopolitical pressures. This reflects a negative sentiment despite the Buy rating.
