ViewRay Inc. (NASDAQ: VRAY) is 67.80% higher on its value in year-to-date trading and has touched a low of $1.11 and a high of $5.19 in the current 52-week trading range. The VRAY stock was last observed hovering at around $3.82 in the last trading session, with the day’s gains setting it 2.59% off its average median price target of $5.50 for the next 12 months. It is also -6.83% off the consensus price target high of $6.00 offered by 8 analysts, but current levels are -220.5% lower than the price target low of $2.00 for the same period.
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Currently trading at $6.41, the stock is 60.48% and 76.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.88 million and changing 67.80% at the moment leaves the stock 129.67% off its SMA200. VRAY registered 59.85% gain for a year compared to 6-month gain of 184.89%. The firm has a 50-day simple moving average (SMA 50) of $3.91 and a 200-day simple moving average (SMA200) of $3.09.
The stock witnessed a 76.10% loss in the last 1 month and extending the period to 3 months gives it a 87.98%, and is 54.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.32% over the week and 9.38% over the month.
ViewRay Inc. (VRAY) has around 309 employees, a market worth around $951.95M and $55.00M in sales. Distance from 52-week low is 479.83% and 23.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.40%).
ViewRay Inc. (VRAY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ViewRay Inc. (VRAY) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
ViewRay Inc. is expected to release its quarterly report on 05/07/2021 and quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $12.61M over the same period.The EPS is expected to shrink by -20.80% this year, but quarterly earnings will post -41.30% year-over-year. Quarterly sales are estimated to shrink -23.40% in year-over-year returns.
ViewRay Inc. (VRAY) Top Institutional Holders
164 institutions hold shares in ViewRay Inc. (VRAY), with 34.38M shares held by insiders accounting for 23.15% while institutional investors hold 110.49% of the company’s shares. The shares outstanding are 148.04M, and float is at 110.97M with Short Float at 12.26%. Institutions hold 84.91% of the Float.
The top institutional shareholder in the company is Fosun International Ltd with over 23.82 million shares valued at $83.37 million. The investor’s holdings represent 16.04% of the VRAY Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 17.83 million shares valued at $62.39 million to account for 12.00% of the shares outstanding. The other top investors are Artisan Partners Limited Partnership which holds 15.09 million shares representing 10.16% and valued at over $52.83 million, while Hudson Executive Capital, LP holds 8.77% of the shares totaling 13.02 million with a market value of $45.59 million.
ViewRay Inc. (VRAY) Insider Activity
The most recent transaction is an insider purchase by Drake Scott William, the company’s President & CEO. SEC filings show that Drake Scott William bought 155,000 shares of the company’s common stock on Nov 10 at a price of $3.23 per share for a total of $0.5 million. Following the purchase, the insider now owns 3.66 million shares.
ViewRay Inc. (VRAY): Who are the competitors?
The company’s main competitors (and peers) include ResMed Inc. (RMD) that is trading 36.63% up over the past 12 months. Short interest in the company’s stock has fallen -9.4% from the last report on Nov 12, 2020 to stand at a total of 14.89 million short shares sold with a short interest ratio of 10.98.