ViewRay stock: buy or sell?

VRAY stock price: $4.26 2.16% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

1

ViewRay ended today at $4.26 and escalated a remarkable 2.16%. On Friday VRAY climbed an extraordinary 11.49%.

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.

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 fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
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 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%.

VRAY stock chart (daily)

Weekly outlook

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%.

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 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 $10.40

Predicting 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:
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%
The price forecast for ViewRay stock is $10.40, moving in a range between $15.00 and $5.00. In average, analysts' outlook on VRAY price target is positive, upgrading the forecast by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

ViewRay let down 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

Compared 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%.

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 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.
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 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:

VRAYRMD
Market cap$413.0 M$19.5 B
Total shares97.0 M143.4 M
Float shares50.8 M142.4 M
  - Institutional holdings (%)103.0%71.0%
  - Insider holdings (%)23.6%1.2%
Shares in short selling0.0%0.0%

ViewRay summary

Thursday, August 22nd, 2019
Open$4.17
Close$4.26
Day range$4.02 - $4.30
Previous close$4.17
Session gain2.16%
Average true range$0.76
50d mov avg$7.82
100d mov avg$7.89
200d mov avg$7.58
Daily patternlt02a
Weekly pattern

ViewRay performance

Stocks 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:
Stock3m6m12m
VRAYViewRay-50.98%-48.36%-56.84%
RMDResMed19.79%35.19%26.62%

ViewRay competitors

Creating a list of competitors for ViewRay it's not an easy task. We selected just one public company that in our opinion is related to and can be considered ViewRay competitor: