ViewRay stock: buy or sell?

VRAY stock price: $1.83 -1.08% At close on May 14th, 2020

Updated on:
May 14th, 2020

1

After sliding a scary -7.03% yesterday, ViewRay closed today at $1.83 and decreased an unpleasant -1.08%. On May 12th VRAY climbed an extraordinary 5.05%.

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

Should I buy ViewRay stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. 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, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is ViewRay stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't find any rating for VRAY stock for the last month.

ViewRay stock analysis

Daily outlook

After sliding a scary -7.03% yesterday, ViewRay closed today at $1.83 and decreased an unpleasant -1.08%.

After sliding a scary -7.03% yesterday, ViewRay closed today at $1.83 and decreased an unpleasant -1.08%. Since February when VRAY stock price broke down the SMA100d line, it slid $-1.48 per share (-44.71%).

VRAY stock chart (daily)

Weekly outlook

After sliding a chilling -6.15% in a week last week, ViewRay closed this week at $1.83 and grew a good 2.23%. Early April VRAY rocketed an amazing 7.55% in just one week. This week broke a streak of 4 declining weeks.

Observing the weekly chart, price is in a simple uptrend, tested $1.64 level and now climbing back aiming its last top at $2.95. Since price and 40-weeks moving average lines crossed down early August, VRAY fell $-6.81 per share (-78.82%). Stocks below the 200 days moving average line are usually not recommended for average traders.

VRAY stock chart (weekly)

ViewRay stock price history

ViewRay stock went public on August 10th, 2015 with a price of $5.001. Since then, VRAY stock declined a -63.40%, with a yearly average of -15.90%.

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

Nobody can reliably foresee how stock prices may evolve in the future. 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. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price prediction for ViewRay stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

ViewRay failed analysts when it reported 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

Compared to 2017, last anual sales report draw a super good gain of 137.83% to $80.96 M dollars. In the same way, its earnings margin (compared to revenues) rocketed 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 sales for 2018-Q4, a 16.96% improvement compared to previous quarter. Reported quarter income marked $-16.74 million with a profit margin of -81.01%. Profit margin climbed a 104.95% compared to previous quarter when profit margin was -185.96%. When comparing sales to same quarter last year, ViewRay sales marked a beatiful increase and stepped up 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 invest in shares of a company, it's always 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 28.21% of all shares.

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

For a better understanding, the following table shows ownership data compared to other related stocks:

VRAY
Market cap$269.7 M
Total shares147.4 M
Float shares82.5 M
  - Institutional holdings (%)98.9%
  - Insider holdings (%)28.2%
Shares in short selling0.0%

ViewRay summary

Thursday, May 14th, 2020
Open$2.01
Close$1.83
Day range$1.78 - $1.86
Previous close$1.85
Session gain-1.08%
Average true range$0.22
50d mov avg$2.13
100d mov avg$2.75
200d mov avg$3.20
Daily patternlt03a
Weekly pattern lb01a

ViewRay performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared ViewRay against in the following table:
Stock3m6m12m
VRAYViewRay-42.63%-33.94%-78.79%

ViewRay competitors

Unfortunately, we could not find any public company that could be defined as ViewRay competitor. This doesn't mean ViewRay does not have any competitor in the market, it's just we could not detected it.