ViewRay stock: buy or sell?

VRAY stock price: $3.12 6.85% At close on January 17th, 2020

Updated on:
January 17th, 2020

0

ViewRay shares climbed 6.85% to $3.12 yesterday. Friday was the 3rd climbing day in a row, soaring 14.69%. On Tuesday VRAY collapsed a hair-raising -5.93%.

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

Should I buy ViewRay stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with ViewRay stock situation right now, therefore 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?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 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.
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 shares climbed 6.85% to $3.12 yesterday.

Shares of ViewRay climbed an outstanding 6.85% and closed at $3.12. Since last Monday when VRAY stock price broke down the SMA100d line, it slid $-0.63 per share (-16.80%).

VRAY stock chart (daily)

Weekly outlook

ViewRay collapsed a chilling -16.80% this week. For 4 weeks in a row, price slid and lost a -30.56%. Early December VRAY boosted an astounding 6.94% in just one week.

ViewRay stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since early August 2019, when VRAY stock price broke down the 40-weeks moving avarage line, it slid $-5.52 per share (-63.89%). Trading stocks that are below 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 -37.60%, with a yearly average of -9.40%.

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

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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 5 price forecasts for VRAY stock published in the last 30 days:
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 target for ViewRay stock is $10.40. In average, analysts' outlook on VRAY price forecast is positive, improving the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

ViewRay disappointed analysts on March when it posted an Earnings per Share (EPS) of $-0.17 when the analysts' forecast 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 astounding 137.83% to $80.96 million USD from $34.04 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) boosted a 117.66% to -94.36%.

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 posted $20.66 M in revenues for 2018-Q4, a 16.96% up compared to previous quarter. Reported quarter earnings marked $-16.74 M with a profit margin of -81.01%. Profit margin skyrocketed 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 fine increase and gained a 3.73%. Looking back to recent quarterly results, ViewRay posted 2 negative 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 stock, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ViewRay, 26.55% of all outstanding shares are owned by its staff.

In case of ViewRay stock, 78.40% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). 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$459.2 M$23.1 B
Total shares147.2 M143.8 M
Float shares65.1 M142.4 M
  - Institutional holdings (%)78.4%70.7%
  - Insider holdings (%)26.6%0.8%
Shares in short selling0.0%0.0%

ViewRay summary

Friday, January 17th, 2020
Open$2.94
Close$3.12
Day range$2.92 - $3.14
Previous close$2.92
Session gain6.85%
Average true range$0.25
50d mov avg$3.61
100d mov avg$3.34
200d mov avg$5.58
Daily pattern
Weekly pattern lt06a

ViewRay performance

To better understand ViewRay performance you must becnhmark its gains with other related stocks in same sector or industry. For ViewRay, the comparison is made against Array.
Stock3m6m12m
VRAYViewRay23.81%-66.95%-60.00%
RMDResMed22.70%30.79%38.02%

ViewRay competitors

Defining 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: