Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ViewRay Inc. shares valued at $117,409 were purchased by SCHNABEL SUSAN C on Nov 28. At $4.70 per share, SCHNABEL SUSAN C acquired 25,000 shares. The insider’s holdings grew to 192,790 shares worth approximately $0.84 million following the completion of this transaction.
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Also, SCHNABEL SUSAN C purchased 20,000 shares, netting a total of over 58,518 in proceeds. Following the buying of shares at $2.93 each, the insider now holds 113,279 shares.
Before that, SCHNABEL SUSAN C had added 10,000 shares to its account. In a trade valued at $28,898, the Director bought ViewRay Inc. shares for $2.89 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.4 million.
As published in their initiating research note from Stifel on January 25, 2022, ViewRay Inc. [VRAY] has been a Buy and the price target has been revised to $7. This represents a 38.0% premium over Wednesday’s closing price. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. Earlier on June 25, 2021, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for VRAY stock which previously was a “an Underweight”.
Analyzing VRAY Stock Performance
On Wednesday, ViewRay Inc. [NASDAQ: VRAY] rose 0.46% to $4.34. The stock’s lowest price that day was $4.28, but it reached a high of $4.41 in the same session. During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, ViewRay Inc. shares have dropped approximately -3.12%. Shares of the company reached a 52-week high of $4.96 on 01/05/23 and a 52-week low of $4.25 on 01/04/23. A 50-day SMA is recorded $4.55, while a 200-day SMA reached $3.83. Nevertheless, trading volume fell to 1.39 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for ViewRay Inc. (VRAY)
According to the 24-hour chart, there is a support level at 4.28, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.41. The next price resistance is at 4.47. RSI (Relative Strength Index) is 40.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 87.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is ViewRay Inc. subject to short interest?
Stocks of ViewRay Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 1.37 million shares to 7.19 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 5.82 million shares. A jump of 19.05% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.57 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.57.
Which companies own the most shares of ViewRay Inc. (VRAY)?
According to Artisan Partners LP filings, the company currently owns 16,678,616 shares, which is about 9.19% of the total VRAY shares outstanding. The investor’s shares have plunged by -564,302 from its previous 13-F filing of 17242918.0 shares. Pura Vida Investments LLC reduced a -8.17% interest valued at $57.6 million while Neuberger Berman Investment Advis purchased a 738,474 stake. A total of 227,446 shares of ViewRay Inc. were bought by The Vanguard Group, Inc. during the quarter, and 102,236 were bought by BlackRock Fund Advisors. In its current portfolio, FIAM LLC holds 4,967,145 shares valued at $22.8 million.