ViewRay Inc. [NASDAQ: VRAY] plunged by -$0.34 during the normal trading session on Wednesday and reaching a high of $2.43 during the day while it closed the day at $2.11. ViewRay Inc. stock has also gained 8.21% of its value over the past 7 days. However, VRAY stock has inclined by 24.85% in the 3 months of the year. Over the past six months meanwhile, it has lost -49.52% and lost -50.00% year-on date.
The market cap for VRAY stock reached $273.14 million, with 147.46 million shares outstanding and 111.24 million shares in the current float. Compared to the average trading volume of 1.87M shares, VRAY reached a trading volume of 1671084 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about ViewRay Inc. [VRAY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRAY shares is $2.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRAY stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for ViewRay Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 28, 2020. The new note on the price target was released on March 27, 2020, representing the official price target for ViewRay Inc. stock.
The Average True Range (ATR) for ViewRay Inc. is set at 0.23, with the Price to Sales ratio for VRAY stock in the period of the last 12 months amounting to 3.34. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 1.47.
VRAY stock trade performance evaluation
ViewRay Inc. [VRAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.21. With this latest performance, VRAY shares gained by 12.23% in over the last four-week period, additionally sinking by -49.52% over the last 6 months – not to mention a drop of -75.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRAY stock in for the last two-week period is set at 50.25, with the RSI for the last a single of trading hit 50.72, and the three-weeks RSI is set at 50.36 for ViewRay Inc. [VRAY]. The present Moving Average for the last 50 days of trading for this stock 2.15, while it was recorded at 2.35 for the last single week of trading, and 2.89 for the last 200 days.
ViewRay Inc. [VRAY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and ViewRay Inc. [VRAY] shares currently have an operating margin of -137.61 and a Gross Margin at -11.59. ViewRay Inc.’s Net Margin is presently recorded at -136.93.
Return on Total Capital for VRAY is now -47.64, given the latest momentum, and Return on Invested Capital for the company is -47.76. Return on Equity for this stock declined to -62.69, with Return on Assets sitting at -37.27. When it comes to the capital structure of this company, ViewRay Inc. [VRAY] has a Total Debt to Total Equity ratio set at 31.59. Additionally, VRAY Total Debt to Total Capital is recorded at 24.01, with Total Debt to Total Assets ending up at 19.51. Long-Term Debt to Equity for the company is recorded at 29.83, with the Long-Term Debt to Total Capital now at 22.66.
Reflecting on the efficiency of the workforce at the company, ViewRay Inc. [VRAY] managed to generate an average of -$388,994 per employee. Receivables Turnover for the company is 3.15 with a Total Asset Turnover recorded at a value of 0.27.ViewRay Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 4.80.
Earnings per share (EPS) analysis for ViewRay Inc. [VRAY] stock
With the latest financial reports released by the company, ViewRay Inc. posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.24/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ViewRay Inc. go to 10.00%.
ViewRay Inc. [VRAY]: Insider Ownership positions
There are presently around $320 million, or 92.40% of VRAY stock, in the hands of institutional investors. The top three institutional holders of VRAY stocks are: FOSUN INTERNATIONAL LTD with ownership of 23,819,500, which is approximately 0% of the company’s market cap and around 19.70% of the total institutional ownership; FMR LLC, holding 21,609,380 shares of the stock with an approximate value of $52.94 million in VRAY stocks shares; and HUDSON EXECUTIVE CAPITAL LP, currently with $31.91 million in VRAY stock with ownership of nearly New of the company’s market capitalization.
73 institutional holders increased their position in ViewRay Inc. [NASDAQ:VRAY] by around 28,406,695 shares. Additionally, 64 investors decreased positions by around 32,134,546 shares, while 19 investors held positions by with 70,247,340 shares. The mentioned changes placed institutional holdings at 130,788,581 shares, according to the latest SEC report filing. VRAY stock had 18 new institutional investments in for a total of 13,505,403 shares, while 35 institutional investors sold positions of 28,884,845 shares during the same period.