ViewRay Inc. (NASDAQ: VRAY) kicked off on September 22, 2022, at the price of $3.98, down -4.53% from the previous trading day. During the day, the shares moved up to $3.98 and dropped to $3.66 before settling in for the closing price of $3.97. Over the past 52 weeks, VRAY has traded in a range of $2.39-$8.25.
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Healthcare Sector giant saw their annual sales surged by 25.80% over the last five years. While this was happening, its average annual earnings per share was recorded 8.30%. With a float of $175.79 million, this company’s outstanding shares have now reached $180.55 million.
The firm has a total of 267 workers. Let’s measure their productivity. In terms of profitability, gross margin is -8.06, operating margin of -147.82, and the pretax margin is -156.94.
ViewRay Inc. (VRAY) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of ViewRay Inc. is 4.00%, while institutional ownership is 88.10%. The most recent insider transaction that took place on May 20, was worth 58,518. In this transaction Director of this company bought 20,000 shares at a rate of $2.93, taking the stock ownership to the 113,279 shares. Before that another transaction happened on May 19, when Company’s Director bought 10,000 for $2.89, making the entire transaction worth $28,898. This insider now owns 93,279 shares in total.
ViewRay Inc. (VRAY) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported -$0.14 earnings per share (EPS), higher than consensus estimate (set at -$0.16) by $0.02. This company achieved a net margin of -156.94 while generating a return on equity of -73.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 11.90% growth over the previous five years of trading.
ViewRay Inc. (NASDAQ: VRAY) Trading Performance Indicators
Take a look at ViewRay Inc.’s (VRAY) current performance indicators. Last quarter, stock had a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.61, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.53 in one year’s time.
Technical Analysis of ViewRay Inc. (VRAY)
Analysing the last 5-days average volume posted by the [ViewRay Inc., VRAY], we can find that recorded value of 1.49 million was better than the volume posted last year of 1.34 million. As of the previous 9 days, the stock’s Stochastic %D was 73.83%. Additionally, its Average True Range was 0.23.
During the past 100 days, ViewRay Inc.’s (VRAY) raw stochastic average was set at 81.63%, which indicates a significant increase from 64.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.16% in the past 14 days, which was lower than the 65.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.40, while its 200-day Moving Average is $3.70. Now, the first resistance to watch is $3.96. This is followed by the second major resistance level at $4.13. The third major resistance level sits at $4.28. If the price goes on to break the first support level at $3.64, it is likely to go to the next support level at $3.49. Now, if the price goes above the second support level, the third support stands at $3.32.
ViewRay Inc. (NASDAQ: VRAY) Key Stats
The company with the Market Capitalisation of 693.46 million has total of 181,010K Shares Outstanding. Its annual sales at the moment are 70,120 K in contrast with the sum of -110,050 K annual income. Company’s last quarter sales were recorded 22,150 K and last quarter income was -27,630 K.