ViewRay stock: buy or sell?
August 22nd, 2019
ViewRay, Inc., through its subsidiary, ViewRay Technologies, Inc., designs, manufactures, and markets radiation therapy systems.
Should I buy ViewRay stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with ViewRay stock situation right now, therefore this is not a suitable entry point.
|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?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 5 ratings published for VRAY stock in the last 30 days. 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 shares escalated 2.16% to $4.26 today.
Shares of ViewRay escalated a remarkable 2.16% and closed at $4.26. Since Aug/5 when VRAY stock price broke down the SMA200d line, it slid $-4.38 per share (-50.69%). Since SMA100d and SMA200d crossed up on June, VRAY price slid a -51.97%.
Early August VRAY plunged a hair-raising -178.71% in just one week. After boosting an astounding 30.18% in a week last week, ViewRay closed this week at $4.26 and dropped a terrible -4.05%.
Since price and 40-weeks moving average lines crossed down early August, VRAY fell $-4.38 per share (-50.69%). 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. Since SMA20w and SMA40w crossed up late May, VRAY price slid a -50.98%.
ViewRay stock price history
ViewRay stock went public on August 10th, 2015 with a price of $5.001. Since then, VRAY stock lost a -14.80%, with a yearly average of -3.70%.
1: Adjusted price after possible price splits or reverse-splits.
ViewRay stock historical price chart
VRAY stock reached 52-week highs on August at $10.73, and all-time highs 2018-07-25 with a price of 13.21.
ViewRay stock price target is $10.40Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price predictions for ViewRay 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 let down analysts on March when it posted an Earnings per Share (EPS) of $-0.17 when the analysts' forecast was $-0.22.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary increase of 137.83% to $80.96 M dollars. When comparing 2018 vs 2017, aligned with this, profit margin (that is, the net income divided by revenues) skyrocketed a 117.66% to -94.36%.
|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 sales for 2018-Q4, a 16.96% improvement compared to previous quarter. Reported quarter earnings marked $-16.74 M with a profit margin of -81.01%. Profit margin rocketed a 104.95% compared to previous quarter when profit margin was -185.96%. When comparing revenues to same quarter last year, ViewRay sales marked a beatiful increase and gained a 3.73%. Looking back to recent quarterly results, ViewRay posted 2 negative 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 invest in shares of a stock, it's worth to have a look 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||$413.0 M||$19.5 B|
|Total shares||97.0 M||143.4 M|
|Float shares||50.8 M||142.4 M|
|- Institutional holdings (%)||103.0%||71.0%|
|- Insider holdings (%)||23.6%||1.2%|
|Shares in short selling||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$4.02 - $4.30|
|Average true range||$0.76|
|50d mov avg||$7.82|
|100d mov avg||$7.89|
|200d mov avg||$7.58|
ViewRay performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare ViewRay to Array: