ARAY Forecast


Bullish Case: ARAY's recent China approval for its Precision TPS significantly boosts potential revenue streams, positioning it for growth in a massive market. If successful, it could reverse recent declines, supported by historical return patterns showing positive long-term gains in bullish scenarios.


Bearish Case: Despite recent approvals, ARAY faces challenges with high volatility and negative sentiment, reflected in flat recent performance. Historical trends indicate significant declines, and increased skepticism may lead to further price reductions, particularly if quarterly earnings disappoint.


Potential Outcomes:

1. Successful market penetration in China (35% probability).

2. Continued flat performance due to market skepticism (50% probability).

3. Operational challenges leading to further decline (15% probability).


Trading Oracle: Consider trading ARAY long through debit spreads, namely the 3.00 C options with high implied volatility expiring in December 2024. This strategy capitalizes on potential upward movement, hedging against downside risks while maintaining exposure to volatility, given historical uncertainties.


July 25, 2024


Accuray Forecast

ARAY      Accuray











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