10 Cheap Robotics Stocks To Invest In Now

7. Accuray Incorporated (NASDAQ:ARAY)

Analyst Upside (as of January 11): 185.71%

No. of Hedge Fund Holders: 14

Accuray Incorporated (NASDAQ:ARAY) is a healthcare firm that specializes in the design, development, and sale of radiosurgery and radiation therapy systems for tumor treatment. The CyberKnife System is the company’s most prominent robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of primary and metastatic tumors outside the brain.

Accuray Incorporated (NASDAQ:ARAY) has experienced notable progress, especially in China. During Q1 FY25, the company’s sales soared over 30% year-over-year in China, driven by customer demand in both Type A and B market segments. The company’s Tomo C, a fast and effective radiation delivery device, is targeting the growing Type B market in China, which is expected to grow to $5 billion over the next five years. The company also maintains its robust customer installations and increasing backlog in the Type A segment.

Tomo C’s production in China will increase the company’s product shipments in the coming quarters, leading to improvement in sales and profitability. In addition to China’s robust progress, the company experienced revenue momentum in the APAC region, driven by first-in-country shipments in Thailand, the Philippines, and Myanmar. The customer base in EIMEA and Japan increased by 4% and 3% in Q1, respectively. The company surpassed Q1 FY25’s earnings and revenue estimates and analysts expect ARAY to carry the same momentum during the next three quarters.