ViewRay Inc. (NASDAQ:VRAY) went down by -0.23% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Medical Devices giant went up by $2.21 to trade ended Wednesday trading at $2.21. This is down from the $2.215 price recorded on Tuesday’s trading session. Thanks to this latest performance, VRAY is closer to the higher price 52-week target of $7.00 and further from the lowest price target of $2.00. Its performance from the start of the year has also been negative, with VRAY down by -47.63% year-to-date.
ViewRay Inc. (VRAY) started the day trading at $2.2 and recorded an intraday high of $2.275. It also recorded an intraday low of $2.13 during Wednesday’s trading session. ViewRay Inc. is a very active stock that recorded a trading volume that is less than -104.07% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 852659, which is less than -104.07 of the total average daily trading volume of 1.74 million.
ViewRay Inc. (NASDAQ:VRAY) 2020 Performance Impressive
The increase in VRAY’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of VRAY currently stands at $9.76, which is higher than the current trading price of the stock by 77.36%. However, VRAY’s current trading price is -99.1% lower than the 52-week low price of $1.11. In terms of trading volume, ViewRay Inc. currently experienced healthy participation during the last trading session. 852659 shares of ViewRay Inc. were traded on the stock exchange on Wednesday, which is less than -104.07% of the 1.74 million average trading volume of the stock.
The performance of the stock has been positive over the past year. VRAY’s performance over the past one year has seen it plunge by -75.79%, while the stock has gone down by -50.45% in the last six months. The quarterly performance of VRAY currently stands at 49.32%, and it is up by 12.18% in the last month. The only positive figure was from the weekly performance, which currently reads 4.74%. At the time of writing VRAY’s report, the company has a total market cap of $278.84M, making it one of the largest publicly-traded companies in the world.ViewRay Inc. also has over 309 employees all over the world.
VRAY Insider Activities
For ViewRay Inc., insiders hold 92.40% of all company shares. The insider transactions over the past six months are up by 10.10%. During that period, insiders bought 2,523,828 shares in 17 transactions. In that same period, insiders sold 45,913 of their shares in 3 transactions. After these transactions, insiders at ViewRay Inc. now hold 41.58M shares, which is over 98.89% of the total company stocks. Institutional investors currently hold a large chunk of the VRAY shares, as they control 28.21% of the company’s total stock.
VRAY Fundamental Analysis
For ViewRay Inc., the stock’s diluted earnings per share (EPS) stands at -1.02. In the coming year, analysts expect the EPS to be -0.64. The stock’s EPS growth this year is -20.80%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, ViewRay Inc.’s quarterly sales (YOY) is shrinking at -0.16, which is higher than the average annual revenue of -5.90% over the past half a decade.
The Return on Investment (ROI) on ViewRay Inc.’s stock currently stands at -44.40%. The gross margin of the company is -2.70%.
VRAY Analysts Prediction
B. Riley FBR and Jefferies also believe that ViewRay Inc.’s stock is outperforming at the moment. Three analysts, Piper Jaffray, Cantor Fitzgerald, and Cantor Fitzgerald, all rate the stock as overweight.
At the moment, ViewRay Inc.’s Total Debt to Equity ratio stands at 0.29, and they have a long-term Debt to Equity ratio of 0.25.
VRAY Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of VRAY currently stands at 8.75%, while the SMA50 is 4.04%. The biggest one is the SMA200, which is currently reading -22.50% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 52.35.