Should I Buy ARAY? ARAY 2026 Analysis

Should You Buy Accuray Inc (ARAY) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

0.800

1 Day change

1.13%

52 Week Range

2.950

Analysis Updated At

2026/01/28

Not a good buy right now for a Beginner long-term investor with $50,000–$100,000 who is impatient. ARAY is a micro-cap stock trading under $1 with a bearish longer-term trend (SMA200 > SMA20 > SMA5) and weakening topline/margins in the latest reported quarter. With no Intellectia buy signals today and an earnings event ahead (Feb 4, 2026) that can reprice the stock quickly, the current setup is better suited to short-term speculation than a beginner long-term entry.

Technical Analysis

Price/Trend: Pre-market ~0.8389 (+1.61%). Despite a slightly improving short-term momentum signal (MACD histogram +0.00523 and expanding), the dominant trend remains bearish because moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), indicating longer-term downtrend/weak structure. Momentum: RSI(6) ~45.9 = neutral, not signaling an oversold bounce. Levels: Pivot 0.837 (price is hovering right around it). Support S1 0.799 then S2 0.775. Resistance R1 0.875 then R2 0.898. A clean reclaim and hold above ~0.875 would be needed to improve the near-term technical picture; otherwise, risk of drifting back toward 0.80/0.775 remains. Pattern-based forward look: Similar-pattern stats imply ~70% chance of a small dip next day (-0.88%), with modest positive bias over 1 week (+1.93%) and 1 month (+0.75%)—not strong enough to offset the bearish MA backdrop for a long-term beginner entry.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Extremely call-skewed options positioning (OI put/call 0.05; volume put/call 0.19) suggests bullish/speculative sentiment rather than defensive hedging. Activity: Today’s options volume (312) is elevated vs 30-day average (~133.91%), indicating rising attention. Volatility: Implied vol (30d) ~96.77 vs historical vol ~77.15 = options are pricing elevated future movement (often event-driven). IV percentile ~49.6 (mid-range), but IV rank low (~7.53), implying current IV isn’t at the top of its recent range. Interpretation for a beginner long-term investor: the call-heavy skew can support short-term pops, but combined with high absolute IV it also signals higher uncertainty—more consistent with trading speculation than a stable long-term buy.

Technical Summary

Sell

Buy

Positive Catalysts

1) Near-term catalyst: Upcoming earnings call on Feb 4, 2026 (Q2 FY2026 results) could reset expectations and drive a relief move if results/guide surprise positively.
2) Options market is strongly call-skewed with above-average volume, indicating bullish positioning that can support short-term upside momentum.
3) MACD is positive and improving, hinting at a potential short-term stabilization/bounce attempt.

Neutral/Negative Catalysts

1) Trend risk: Longer-term technical structure remains bearish (SMA200 > SMA20 > SMA5), which typically caps rallies and increases the odds of breakdowns.
2) Fundamentals: Latest quarter shows revenue contraction and margin deterioration (see financials), which is a negative backdrop for long-term accumulation.
3) Event risk: Earnings on Feb 4, 2026 can cause large downside if results/forward commentary disappoint, especially for a sub-$1 micro-cap.
4) No supportive positioning signals from major holders: Hedge funds and insiders are reported as neutral (no notable accumulation signals).

Financial Performance

Latest reported quarter: 2026/Q1. - Revenue: 93.942M, down -7.49% YoY (negative growth). - Net Income: -21.678M (still a loss), but improved YoY (+448.25% YoY, improvement off a worse prior period). - EPS: -0.18, improved YoY (+350% YoY) but remains negative. - Gross Margin: 28.34%, down -15.93% YoY (meaningful deterioration). Takeaway: Losses are improving, but the key long-term issue is shrinking revenue and falling gross margin—this is not the growth profile a beginner long-term investor typically wants to buy aggressively.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

No analyst rating/price target trend data was provided, so a recent upgrades/downgrades summary cannot be confirmed from the dataset. Wall Street pro-style view based on the provided fundamentals/technicals: Pros—improving loss metrics (EPS/net income trend) and potential event-driven upside into earnings. Cons—declining revenue and gross margin, bearish long-term trend, and micro-cap/sub-$1 risk profile. Overall, the available evidence skews cautious rather than bullish for a long-term beginner buy today.

1 Analyst Rating

Wall Street analysts forecast ARAY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARAY is 4 USD with a low forecast of 4 USD and a high forecast of 4 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 0.793

Low

Averages

High

Current: 0.793

Low

Averages

High

BTIG

Buy

maintain

$4 -> $5

AI Analysis

2025-08-14

Reason

BTIG

Price Target

$4 -> $5

AI Analysis

2025-08-14

maintain

Buy

Reason

BTIG raised the firm's price target on Accuray to $5 from $4 and keeps a Buy rating on the shares. The company's Q4 sales beat was driven by $70.7M in Product revenue and the firm applauds Accuray's ability to execute through a hectic final quarter in FY25, as shipments to China were essentially halted at the start of the quarter and then resumed in May with tariff rates easing, the analyst tells investors in a research note.

BTIG

Buy

downgrade

$5 -> $4

2025-06-06

Reason

BTIG

Price Target

$5 -> $4

2025-06-06

downgrade

Buy

Reason

BTIG lowered the firm's price target on Accuray to $4 from $5 and keeps a Buy rating on the shares. The firm notes Accuray announced that it will exchange its convertible notes, refinance its debt, and enter into a new credit facility. The exchange is expected to be completed on June 11. This will result in Accuray having about $18M in outstanding 2026 convertible note principal, $150M in debt from the new 2030 term loan, and 15M in new shares issued, the firm notes. BTIG is pleased to see Accuray address its 2026 borrowings and believes this removes investor concerns about near-term debt maturity, while preserving a healthy balance sheet. The firm acknowledges the share dilution and potentially higher interest expense, though the paid in-kind option allows Accuray's cash outlays on interest expense to remain relatively similar going forward.

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ARAY Should I Buy

ARAY Should I Buy

Should You Buy Accuray Inc (ARAY) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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