During the last session, ViewRay Inc. (NASDAQ:VRAY)’s traded shares were 4.28 million, with the beta value of the company hitting 1.12. At the end of the trading day, the stock’s price was $2.98, reflecting an intraday gain of 21.63% or $0.53. The 52-week high for the VRAY share is $8.25, that puts it down -176.85 from that peak though still a striking 19.8% gain since the share price plummeted to a 52-week low of $2.39. The company’s market capitalization is $490.63M, and the average trade volume was 1.71 million shares over the past three months.
ViewRay Inc. (NASDAQ:VRAY) trade information
ViewRay Inc. (VRAY) registered a 21.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 21.63% in intraday trading to $2.98 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is 19.20%, and it has moved by -15.58% in 30 days. Based on these gigs, the overall price performance for the year is -39.92%.
ViewRay Inc. (VRAY) estimates and forecasts
Statistics show that ViewRay Inc. has outperformed its competitors in share price, compared to the industry in which it operates. ViewRay Inc. (VRAY) shares have gone down -56.11% during the last six months, with a year-to-date growth rate more than the industry average at 8.96% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 11.10% this quarter and then jump 17.60% in the quarter after that. In the rating firms’ projections, revenue will increase 22.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $20 million as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $16.67 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $18.46 million and $12.89 million respectively. In this case, analysts expect current quarter sales to grow by 8.40% and then jump by 29.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.90%. While earnings are projected to return 8.30% in 2022, the next five years will return 10.00% per annum.
ViewRay Inc. is due to release its next quarterly earnings between April 18 and April 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ViewRay Inc. (NASDAQ:VRAY)’s Major holders
ViewRay Inc. insiders own 2.84% of total outstanding shares while institutional holders control 80.55%, with the float percentage being 82.90%. Artisan Partners Limited Partnership is the largest shareholder of the company, while 209 institutions own stock in it. As of Sep 29, 2021, the company held over 24.33 million shares (or 14.77% of all shares), a total value of $175.4 million in shares.
The next largest institutional holding, with 19.77 million shares, is of FMR, LLC’s that is approximately 12.00% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $142.51 million.
Also, the Mutual Funds coming in first place with the largest holdings of ViewRay Inc. (VRAY) shares are Artisan International Small-Mid Fund and Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund. Data provided on Sep 29, 2021 indicates that Artisan International Small-Mid Fund owns about 12.08 million shares. This amounts to just over 7.33 percent of the company’s overall shares, with a $87.11 million market value. The same data shows that the other fund manager holds slightly less at 5.95 million, or about 3.61% of the stock, which is worth about $30.6 million.