ViewRay Inc. (VRAY) – Don’t Be So Quick to Call it Dead

164 institutions hold shares in ViewRay Inc. (VRAY), with 34.24M shares held by insiders accounting for 23.06% while institutional investors hold 110.36% of the company’s shares. The shares outstanding are 148.04M, and float is at 113.22M with Short Float at 9.77%. Institutions hold 84.91% of the Float.


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The top institutional shareholder in the company is Fosun International Ltd with over 23.82 million shares valued at $90.99 million. The investor’s holdings represent 16.04% of the VRAY Shares outstanding. As of Dec 30, 2020, the second largest holder is Artisan Partners Limited Partnership with 18.66 million shares valued at $71.28 million to account for 12.56% of the shares outstanding. The other top investors are FMR, LLC which holds 17.85 million shares representing 12.02% and valued at over $68.2 million, while Hudson Executive Capital, LP holds 8.77% of the shares totaling 13.02 million with a market value of $49.75 million.

ViewRay Inc. (NASDAQ: VRAY) is 19.63% higher on its value in year-to-date trading and has touched a low of $1.11 and a high of $7.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRAY stock was last observed hovering at around $4.84 in the last trading session, with the day’s loss setting it -0.27% off its average median price target of $6.00 for the next 12 months. It is also 44.61% off the consensus price target high of $8.25 offered by 8 analysts, but current levels are -52.33% lower than the price target low of $3.00 for the same period.

Currently trading at $4.57, the stock is -5.49% and -5.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -5.58% at the moment leaves the stock 39.10% off its SMA200. VRAY registered 38.07% gain for a year compared to 6-month gain of 57.59%. The firm has a 50-day simple moving average (SMA 50) of $5.1330 and a 200-day simple moving average (SMA200) of $3.8050.

The stock witnessed a 2.01% loss in the last 1 month and extending the period to 3 months gives it a 22.19%, and is -12.28% down 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 5.46% over the week and 6.57% over the month.

ViewRay Inc. (VRAY) has around 309 employees, a market worth around $729.10M and $55.00M in sales. Distance from 52-week low is 313.39% and -37.91% 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 -$0.17 with sales reaching $16M over the same period.The EPS is expected to shrink by -20.80% this year, but quarterly earnings will post -37.30% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.

ViewRay Inc. (VRAY) Insider Activity

A total of 12 insider transactions have happened at ViewRay Inc. (VRAY) in the last six months, with sales accounting for 4 and purchases happening 8 times. 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.

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ViewRay Inc. (VRAY): Who are the competitors?

The company’s main competitors (and peers) include ResMed Inc. (RMD) that is trading 17.82% up over the past 12 months. Short interest in the company’s stock has fallen -20.25% from the last report on Dec 30, 2020 to stand at a total of 13.3 million short shares sold with a short interest ratio of 3.05.

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