ViewRay, Inc. (NASDAQ:VRAY) has a beta value of 0.74 and has seen 613,232 shares traded in the last trading session. The company, currently valued at $466.03 Million, closed the last trade at $3.15 per share which meant it lost -$0.1 on the day or -3.08% during that session. The VRAY stock price is -54.92% off its 52-week high price of $4.88 and 64.89% 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 659.33 Million shares traded. The 3-month trading volume is 1.03 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 8 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.17.
ViewRay, Inc. (NASDAQ:VRAY) trade information
Despite being -3.08% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Oct 15 when the VRAY stock price touched $3.31-4 or saw a rise of 4.83%. Year-to-date, ViewRay, Inc. shares have moved -25.36%, while the 5-day performance has seen it change -0.32%. Over the past 30 days, the shares of ViewRay, Inc. (NASDAQ:VRAY) have changed 1.61%. Short interest in the company has seen 14.92 Million shares shorted with days to cover at 14.49.
Wall Street analysts have a consensus price target for the stock at $3.38, which means that the shares’ value could jump 7.3% from current levels. The projected low price target is $2 while the price target rests at a high of $4. In that case, then, we find that the current price level is +26.98% off the targeted high while a plunge would see the stock lose -36.51% from current levels.
ViewRay, Inc. (VRAY) estimates and forecasts
Figures show that ViewRay, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +28.57% over the past 6 months, with this year growth rate of -39.83%, compared to 5.7% 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 19% and 41.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -40.6%.
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 $53.36 Million. As of June 29, 2020, Fosun International Ltd held 16.1% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 19.15 Million shares as of June 29, 2020. The firm’s total holdings are worth over $42.91 Million and represent 12.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Medical Technology & Devices Port and Artisan International Small-Mid Fund. As of July 30, 2020, the former fund manager holds about 5.41% shares in the company for having 8000000 shares of worth $22.16 Million while later fund manager owns 4.61 Million shares of worth $10.34 Million as of June 29, 2020, which makes it owner of about 3.12% of company’s outstanding stock.