Recent developments with ViewRay Inc. (VRAY) have led to the company’s beta value being reach 1.02 cents.

A new trading day began on January 24, 2023, with ViewRay Inc. (NASDAQ: VRAY) stock priced at $4.75, up 1.26% from the previous day of trading. During the day, the shares moved up to $4.835 and dropped to $4.725 before settling in for the closing price of $4.75. VRAY’s price has ranged from $2.39 to $4.96 over the past 52 weeks.


Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored


A company in the Healthcare sector has jumped its sales by 25.80% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 8.30%. With a float of $176.29 million, this company’s outstanding shares have now reached $181.05 million.

In an organization with 267 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -8.06, operating margin of -147.82, and the pretax margin is -156.94.

ViewRay Inc. (VRAY) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of ViewRay Inc. is 2.70%, while institutional ownership is 86.20%. The most recent insider transaction that took place on Nov 28, was worth 117,409. In this transaction Director of this company bought 25,000 shares at a rate of $4.70, taking the stock ownership to the 192,790 shares. Before that another transaction happened on May 20, when Company’s Director bought 20,000 for $2.93, making the entire transaction worth $58,518. This insider now owns 113,279 shares in total.

ViewRay Inc. (VRAY) Latest Financial update

In its latest quarterly report, released on 6/29/2022, the company reported earnings of -$0.15 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -0.13 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

Here are ViewRay Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.60, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.58 in one year’s time.

Technical Analysis of ViewRay Inc. (VRAY)

Let’s dig in a bit further. During the last 5-days, its volume was 0.65 million. That was inferior than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.27%. Additionally, its Average True Range was 0.21.

During the past 100 days, ViewRay Inc.’s (VRAY) raw stochastic average was set at 91.40%, which indicates a significant increase from 78.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.51% in the past 14 days, which was higher than the 43.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.59, while its 200-day Moving Average is $3.64. However, in the short run, ViewRay Inc.’s stock first resistance to watch stands at $4.86. Second resistance stands at $4.90. The third major resistance level sits at $4.97. If the price goes on to break the first support level at $4.74, it is likely to go to the next support level at $4.68. The third support level lies at $4.63 if the price breaches the second support level.

ViewRay Inc. (NASDAQ: VRAY) Key Stats

With a market capitalization of 859.74 million, the company has a total of 181,416K Shares Outstanding. Currently, annual sales are 70,120 K while annual income is -110,050 K. The company’s previous quarter sales were 26,490 K while its latest quarter income was -26,110 K.

Latest

On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...

Newsletter

 

Don't miss

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Do You Know Why Evolv Technologies (EVLV) Stock Surged Nearly 10% Today?

Today's charts show Evolv Technologies Holdings Inc. (Nasdaq: EVLV)...

5 Best TaaS Stocks to Buy Right Now

TaaS stock refers to a financial asset sold by...

Fortinet Inc. (FTNT) recently have taken one step ahead with the beta value of 1.14

As on January 25, 2023, Fortinet Inc. (NASDAQ: FTNT) got off with the flyer as it spiked 1.31% to $51.76. During the day, the...

A Little Luck Can Go a Long Way with Rackspace Technology Inc. (RXT) as it 5-day change was 0.35%

Rackspace Technology Inc. (NASDAQ: RXT) started the day on January 25, 2023, with a price decrease of -1.71% at $2.87. During the day, the...

Vascular Biogenics Ltd. (VBLT) 14-day ATR is 0.01: This Stock is Set to Soar Above its Peers

Vascular Biogenics Ltd. (NASDAQ: VBLT) open the trading on January 25, 2023, with great promise as it jumped 1.27% to $0.16. During the day,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here