Company Performance: Aray Inc.'s financial health, revenue growth, and profitability directly impact its stock price. Strong earnings reports typically lead to price increases.

Industry Trends: The overall performance of the medical device and imaging technology sector influences ARAY.US. Positive trends in the industry can boost investor confidence.

Regulatory Environment: Changes in healthcare regulations, FDA approvals, and reimbursement policies affect Aray's ability to market and sell its products, thus affecting its stock.

Market Sentiment: General investor optimism or pessimism towards the stock market and specific sectors can influence ARAY.US regardless of the company's fundamentals.

Competition: The presence and performance of competitors in the medical imaging market impact Aray's market share and profitability, subsequently affecting the stock price.

Technological Advancements: Innovations in medical imaging technology and Aray's ability to adapt and innovate influence its competitiveness and stock value.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and economic growth affect overall investment decisions and can impact the demand for ARAY.US stock.