5 Best Robotics Stocks Under $10

2. Accuray Incorporated (NASDAQ:ARAY)

Number of Hedge Fund Holders: 20

Share Price (as of May 20): $2.17

Accuray Incorporated (NASDAQ:ARAY) is a top robotic stock to buy under $10. It has developed the CyberKnife, which offers image-guided robotic radio-surgery treatments for a range of cancerous tumors; and Tomo Therapy systems, which include integrated radiation therapy systems to treat cancers.

In December, Loop Capital analyst Jason Wittes initiated coverage of Accuray Incorporated (NASDAQ:ARAY) with a ‘Buy’ rating and $7.50 price target. Wittes holds that the firm “is finally in a position to grow and generated cash” given its higher commitment to R&D which has enabled the launch of multiple new products. The analyst notes that the firm enjoys a strong reputation in China, and is leveraging it with the launch of a competitive, low-cost type B product in the country. He sees this as a major opportunity for the firm.

Accuray Incorporated (NASDAQ:ARAY) posted its first quarter earnings at the end of April, and beat consensus estimates on earnings per share by $0.05. The company garnered more than $96 million in revenue for the quarter, also beating analysts’ estimates by $123,000.

At the end of the fourth quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $98.99 million in Accuray Incorporated (NASDAQ:ARAY), compared to 18 in the preceding quarter worth $81.52 million.