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Upturn AI Summary - About
Accuray Incorporated(ARAY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ARAY
10/23/2026: ARAY (1-star) is currently NOT-A-BUY. Pass it for now.
Accuray Incorporated is a specialized medical device company known for its robotic and helical radiotherapy platforms, notably the CyberKnife and Radixact systems. Its primary business strength lies in its high-precision technology and a substantial base of service revenue that provides recurring income. The company's growth story focuses on expanding its presence in global oncology markets and increasing the efficiency of its treatment planning software. However, it faces significant risks from stiff competition by larger, better-capitalized medical device conglomerates and the inherent volatility of capital equipment sales. The stock is generally suited for growth-oriented investors who are comfortable with sector-specific volatility and long-term execution risks.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company targets growth but faces significant competition and profitability challenges. |
| Momentum investor | Weak fit | The stock often lacks consistent, sustained price momentum required for this style. |
| Value investor | Weak fit | Valuation is often tied to potential rather than consistent earnings or tangible asset value. |
| Dividend investor | Weak fit | Accuray does not pay a dividend. |
| Low-risk investor | Weak fit | Medical device stocks with earnings volatility involve significant risk for low-risk investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to significant price swings due to company-specific news and sector sentiment. |
| Valuation risk | Medium / high | Future growth expectations are baked into the stock price, leaving little room for earnings misses. |
| Competition risk (conglomerate competition) | High | Large competitors like Siemens have broader resources to bundle products and undercut pricing. |
| Business quality | Medium | While the technology is innovative, the business model faces pressures on operating margins. |
| Dividend income | Low / none | Investors should not expect income generation from this stock. |
| Execution risk | Medium / high | Executing on global sales cycles and managing complex hardware installations is operationally intensive. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -48.94% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 15.54M USD | Price to earnings Ratio - | 1Y Target Price 0.35 |
Price to earnings Ratio - | 1Y Target Price 0.35 | ||
Volume (30-day avg) 14.7M shares | Beta 1.42 | 52 Weeks Range 0.13 - 1.60 | Updated Date 10/25/2026 |
52 Weeks Range 0.13 - 1.60 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.4 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Revenue | Sale of CyberKnife and Radixact radiotherapy systems to hospitals and clinics. | The primary, but often lumpy, income source from large equipment sales. |
| Service Revenue | Maintenance contracts, software licenses, and training services. | A more predictable, recurring revenue stream that is critical to long-term stability. |
| Geography | Global sales across North America, EMEA, APAC, and Japan. | International diversification helps mitigate local healthcare policy risks. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 94.34 | Enterprise Value 304.95M | Price to Sales(TTM) 0.04 |
Enterprise Value 304.95M | Price to Sales(TTM) 0.04 | ||
Enterprise Value to Revenue 0.67 | Enterprise Value to EBITDA 15.07 | Shares Outstanding 119.44M | Shares Floating 113.61M |
Shares Outstanding 119.44M | Shares Floating 113.61M | ||
Percent Insiders 4.42 | Percent Institutions 64.52 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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