ViewRay stock: buy or sell?
December 6th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||Jefferies Financial Group||n/a||Buy|
|2019-6-18||Piper Jaffray Companies||n/a||Overweight|
ViewRay stock analysis
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%).
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.
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 $10.40How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-9||Jefferies Financial Group||Lowers Target||$14.00||$7.00||-50%|
|2019-8-9||Cantor Fitzgerald||Raises Target||$6.00||$13.00||116.7%|
|2019-6-18||Piper Jaffray Companies||Initiates||n/a||$15.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareViewRay disappointed experts on March when it posted an Earnings per Share (EPS) of $-0.17 when the market consensus was $-0.22.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|2013||$3.16 M||-||$-27.22 M-861.4%||-|
|2014||$6.40 M||102.50%||$-33.80 M-528.2%||24.17%|
|2015||$10 M||62.37%||$-45.00 M-433.1%||33.12%|
|2016||$22 M||114.02%||$-50.64 M-227.7%||12.54%|
|2017||$34 M||53.09%||$-72.18 M-212.0%||42.54%|
|2018||$81 M||137.83%||$-76.40 M-94.4%||5.85%|
Quarterly financial resultsViewRay 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.
|2017-Q1||$1 M||-||$-27.96 M-2273.2%||-|
|2017-Q2||$1 M||-43.25%||$-8.35 M-1196.3%||-70.14%|
|2017-Q3||$12 M||1,647.42%||$-11.22 M-92.0%||34.32%|
|2017-Q4||$20 M||63.32%||$-24.65 M-123.7%||119.74%|
|2018-Q1||$26 M||31.48%||$-4.81 M-18.4%||-80.47%|
|2018-Q2||$16 M||-37.22%||$-21.99 M-133.7%||356.79%|
|2018-Q3||$18 M||7.44%||$-32.85 M-186.0%||49.40%|
|2018-Q4||$21 M||16.96%||$-16.74 M-81.0%||-49.04%|
ViewRay ownershipWhen 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:
|Market cap||$399.6 M||$21.7 B|
|Total shares||99.4 M||143.8 M|
|Float shares||53.6 M||142.5 M|
|- Institutional holdings (%)||103.0%||71.0%|
|- Insider holdings (%)||23.6%||1.2%|
|Shares in short selling||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$3.98 - $4.30|
|Average true range||$0.32|
|50d mov avg||$2.86|
|100d mov avg||$4.09|
|200d mov avg||$6.17|
ViewRay performancePerformance 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.