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.
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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.