ViewRay, Inc. (NASDAQ:VRAY) has a beta value of 0.78 and has seen 1,788,959 shares traded in the recent trading session. The company, currently valued at $355.36 Million, closed the recent trade at $2.4271 per share which meant it gained $0.36 on the day or 17.6% during that session. The VRAY stock price is -302.13% off its 52-week high price of $9.76 and 54.43% above the 52-week low of $1.106. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.4 Million shares traded. The 3-month trading volume is 1.55 Million shares.
The consensus among analysts is that ViewRay, Inc. (VRAY) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 9 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.16.
ViewRay, Inc. (NASDAQ:VRAY) trade information
Sporting 14.15% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 30 when the VRAY stock price touched $2.31-1 or saw a rise of 1.3%. Year-to-date, ViewRay, Inc. shares have moved -45.97%, while the 5-day performance has seen it change 11.22%. Over the past 30 days, the shares of ViewRay, Inc. (NASDAQ:VRAY) have changed 30.29%. Short interest in the company has seen 18.25 Million shares shorted with days to cover at 11.77.
ViewRay, Inc. (VRAY) estimates and forecasts
Figures show that ViewRay, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -52.21% over the past 6 months, with this year growth rate of -43.22%, compared to 2.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 50% and 23.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -40.8%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.9% over the past 5 years. Earnings growth for 2020 is a modest -20.8% while over the next 5 years, the company’s earnings are expected to increase by 10%.
ViewRay, Inc. (NASDAQ:VRAY)’s Major holders
Insiders own 28.21% of the company shares, while shares held by institutions stand at 98.89% with a share float percentage of 137.74%. Investors are also buoyed by the number of investors in a company, with ViewRay, Inc. having a total of 190 institutions that hold shares in the company. The top two institutional holders are Fosun International Ltd with over 23.82 Million shares worth more than $59.55 Million. As of March 30, 2020, Fosun International Ltd held 16.16% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 21.61 Million shares as of March 30, 2020. The firm’s total holdings are worth over $54.02 Million and represent 14.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Medical Technology & Devices Port and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.93% shares in the company for having 5800000 shares of worth $14.5 Million while later fund manager owns 3.17 Million shares of worth $7.93 Million as of March 30, 2020, which makes it owner of about 2.15% of company’s outstanding stock.