ViewRay stock: buy or sell?

VRAY stock price: $4.02 0.00% At close on December 6th, 2019

Updated on:
December 6th, 2019

1

Shares of ViewRay stayed steady a neutral 0.00% and closed at $4.02. On Tuesday VRAY rocketed a super good 23.42%. On Dec/4 VRAY plunged a scary -8.82%.

ViewRay, Inc., through its subsidiary, ViewRay Technologies, Inc., designs, manufactures, and markets radiation therapy systems.

Should I buy ViewRay stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, ViewRay stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean VRAY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is ViewRay stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 5 ratings published for VRAY stock in the last month.

The general sentiment of these ratings is bullish for VRAY stock, with 4 positive ratings.
Is VRAY a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-9Jefferies Financial Groupn/aBuy
2019-8-9Cantor Fitzgeraldn/aPositive
2019-8-19Northland Securitiesn/aBuy
2019-7-17Mizuhon/aBuy
2019-6-18Piper Jaffray Companiesn/aOverweight

ViewRay stock analysis

Daily outlook

ViewRay stayed stable a neutral 0.00% and closed at $4.02.

ViewRay ended today at $4.02 and stayed constant a neutral 0.00%. From a daily perspective, VRAY is in a short term uptrend after plotting its last bottom ($3.00, on Nov/22) higher than the previous bottom, and its last top ($4.88, on Tuesday) also over the previous top. Now trading in between its last bottom and last top VRAY might consolidate in a plain range, waiting to break out over $4.88 or down under $3.00. Since price and SMA200d lines crossed down on August, VRAY fell $-4.62 per share (-53.47%).

VRAY stock chart (daily)

Weekly outlook

ViewRay shares climbed 21.08% this week, ending at $4.02. Counting this, it's been 4 climbing weeks in a row, soaring a 46.79%.

Since early August, when VRAY stock price broke down the 40-weeks moving avarage line, it slid $-4.62 per share (-53.47%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

VRAY stock chart (weekly)

ViewRay stock price history

ViewRay IPO was on August 10th, 2015 at $5.00 per share1. Since then, VRAY stock sliced a -19.60%, with a yearly average of -4.90%.

1: Adjusted price after possible price splits or reverse-splits.

ViewRay stock historical price chart

VRAY stock reached 52-week highs on July at $9.76, and all-time highs 2018-07-25 with a price of 13.21.

ViewRay stock price target is $10.40

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' VRAY stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 5 price predictions for VRAY stock:
VRAY stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-9Jefferies Financial GroupLowers Target$14.00$7.00-50%
2019-8-9Cantor FitzgeraldRaises Target$6.00$13.00116.7%
2019-8-19Northland SecuritiesReiteratesn/a$5.00-
2019-7-17MizuhoReiteratesn/a$12.00-
2019-6-18Piper Jaffray CompaniesInitiatesn/a$15.00-
(in average)$10.00$10.404.0%
Moving in a range from $15.00 and $5.00, the price forecast for VRAY stock is $10.40. In average, analysts' outlook on VRAY price target is positive, upgrading the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

ViewRay disappointed experts on March when it posted an Earnings per Share (EPS) of $-0.17 when the market consensus was $-0.22.
VRAY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q32017-11-13-0.12n/an/a
2017-Q42018-03-12-0.25-0.38n/a
2018-Q12018-05-10-0.22-0.11n/a
2018-Q22018-08-03-0.22-0.3n/a
2018-Q32018-11-08-0.22-0.25n/a
2018-Q42019-03-14-0.22-0.17n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, ViewRay annual sales climbed an outstanding 137.83% to $80.96 million USD from $34.04 marked in 2017. In line, its income margin (compared to revenues) skyrocketed to -94.36%, that is $-76.40 million.

VRAY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3.16 M-$-27.22 M-861.4%-
2014$6.40 M102.50%$-33.80 M-528.2%24.17%
2015$10 M62.37%$-45.00 M-433.1%33.12%
2016$22 M114.02%$-50.64 M-227.7%12.54%
2017$34 M53.09%$-72.18 M-212.0%42.54%
2018$81 M137.83%$-76.40 M-94.4%5.85%

Quarterly financial results

ViewRay reported $20.66 million in revenues for 2018-Q4, a 16.96% improvement compared to previous quarter. Reported quarter earnings marked $-16.74 million with a profit margin of -81.01%. Profit margin boosted a 104.95% compared to previous quarter when profit margin was -185.96%. When comparing turnover to same quarter last year, ViewRay sales marked a beatiful gain and raised a 3.73%. Looking back to recent quarterly results, ViewRay posted 2 positive quarters in a row.
VRAY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1 M-$-27.96 M-2273.2%-
2017-Q2$1 M-43.25%$-8.35 M-1196.3%-70.14%
2017-Q3$12 M1,647.42%$-11.22 M-92.0%34.32%
2017-Q4$20 M63.32%$-24.65 M-123.7%119.74%
2018-Q1$26 M31.48%$-4.81 M-18.4%-80.47%
2018-Q2$16 M-37.22%$-21.99 M-133.7%356.79%
2018-Q3$18 M7.44%$-32.85 M-186.0%49.40%
2018-Q4$21 M16.96%$-16.74 M-81.0%-49.04%

ViewRay ownership

When you are planning to buy shares of a stock, it's worth to overview its ownership structure.

ViewRay shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 23.56% of all shares.

Bearish positions for VRAY stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to ViewRay:

VRAYRMD
Market cap$399.6 M$21.7 B
Total shares99.4 M143.8 M
Float shares53.6 M142.5 M
  - Institutional holdings (%)103.0%71.0%
  - Insider holdings (%)23.6%1.2%
Shares in short selling0.0%0.0%

ViewRay summary

Friday, December 6th, 2019
Open$4.00
Close$4.02
Day range$3.98 - $4.30
Previous close$4.02
Session gain0.00%
Average true range$0.32
50d mov avg$2.86
100d mov avg$4.09
200d mov avg$6.17
Daily patternlt06a
Weekly pattern lb06a

ViewRay performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We chose Array as the bechmarking frame for ViewRay stock.
Stock3m6m12m
VRAYViewRay4.15%-51.86%-36.19%
RMDResMed7.62%28.99%38.67%

ViewRay competitors

Creating a list of competitors for ViewRay it's difficult. We selected just one public company that in our opinion is related to and can be considered ViewRay competitor: