Morgan Stanley raised the price target for the ViewRay Inc. (NASDAQ:VRAY) stock from “an Underweight” to “an Equal-weight”. The rating was released on June 25, 2021. The research report from BTIG Research has upgraded the stock from Neutral to Buy, with a price target set at $7. The stock was upgraded by B. Riley Securities, who disclosed in a research note on October 28, 2020, from Neutral to Buy and set the price objective to $4. In their research brief published June 16, 2020, Cantor Fitzgerald analysts resumed the ViewRay Inc. stock to Overweight with a price target of $3.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of ViewRay Inc. (NASDAQ:VRAY) dipped -8.32% to close Tuesday’s market session at $5.18, lower as compared to yesterday’s close. The stock price fluctuated between $5.17 and $5.66 throughout the trading session with the volume trading being 3710988 shares, which represented a significant variation when compared to the three months average volume of 1.22 million shares. The firm’s stock price fluctuated -5.99% within the last five trades and -19.57% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 12.36% in the last 6 months and -11.90% was subtracted to its value over the previous 3 months. VRAY stock is trading at a margin of -14.55%, -17.22% and 2.26% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VRAY deals in the Healthcare domain. The stock is trading -29.62 percent below its 52-week high and 104.74 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 35.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ViewRay Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $820.51 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 13.88 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 6.02, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 16.30 percent of ViewRay Inc. shares are owned by insiders, and 97.90 percent are held by financial institutions. Strong Influence Ltd, the 10% Owner at ViewRay Inc. (VRAY) has sold 4,300,000 shares of firm on Jun 08 at a price of $5.97 against the total amount of $25.67 million. In another inside trade, Fosun International Ltd, 10% Owner of ViewRay Inc. (NASDAQ:VRAY) sold 4,300,000 shares of the firm on Jun 08 for a total worth of $25.67 million at a price of $5.97. An inside trade which took place on Nov 10, President & CEO of ViewRay Inc. Drake Scott William bought 155,000 shares of firm against total price of $0.5 million at the cost of $3.23 per share.