At the end of the latest market close, ViewRay Inc. (VRAY) was valued at $6.09. In that particular session, Stock kicked-off at the price of $6.16 while reaching the peak value of $6.16 and lowest value recorded on the day was $5.07. The stock current value is $5.28.
Recently in News on January 7, 2021, ViewRay Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares and Closing of Public Offering of Common Stock. ViewRay, Inc. (Nasdaq: VRAY), maker of the MRIdian, which combines MRI and external-beam radiation therapy to simultaneously image and treat cancer patients, today announced the completion of its previously announced underwritten public offering of 11,856,500 shares of common stock at a price to the public of $4.85 per share, for gross proceeds of approximately $57.5 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by ViewRay. All of the shares sold in the offering were sold by ViewRay. The shares sold included the full exercise of the underwriter’s option to purchase additional shares. You can read further details here
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ViewRay Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.36 on 01/06/21, with the lowest value was $4.06 for the same time period, recorded on 01/04/21.
ViewRay Inc. (VRAY) full year performance was 38.58%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ViewRay Inc. shares are logging -28.26% during the 52-week period from high price, and 377.61% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.11 and $7.36.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 3777359 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the ViewRay Inc. (VRAY) recorded performance in the market was 38.22%, having the revenues showcasing 67.09% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 964.60M, as it employees total of 309 workers.
Specialists analysis on ViewRay Inc. (VRAY)
During the last month, 4 analysts gave the ViewRay Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.50, with a change in the price was noted +2.15. In a similar fashion, ViewRay Inc. posted a movement of +68.69% for the period of last 100 days, recording 1,361,470 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for VRAY is recording 0.37 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.27.
Trends and Technical analysis: ViewRay Inc. (VRAY)
Raw Stochastic average of ViewRay Inc. in the period of last 50 days is set at 54.78%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 41.74%. In the last 20 days, the company’s Stochastic %K was 67.74% and its Stochastic %D was recorded 78.78%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 38.22%. Additionally, trading for the stock in the period of the last six months notably improved by 141.10%, alongside a boost of 38.58% for the period of the last 12 months. The shares increased approximately by 38.22% in the 7-day charts and went up by 33.00% in the period of the last 30 days. Common stock shares were driven by 67.09% during last recorded quarter.