ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company's software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.
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Industry, Sector and Symbol
Industry Electromedical equipment
Sub-IndustryN/A
SectorMedical
Phone440-703-3210
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$80.96 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable
Viewray (NASDAQ:VRAY) Frequently Asked Questions
What is Viewray's stock symbol?
Viewray trades on the NASDAQ under the ticker symbol "VRAY."
How were Viewray's earnings last quarter?
Viewray Inc (NASDAQ:VRAY) announced its earnings results on Tuesday, November, 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.06. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $20.66 million. Viewray had a negative net margin of 110.61% and a negative return on equity of 75.41%. The company's revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) EPS. View Viewray's Earnings History.
When is Viewray's next earnings date?
What guidance has Viewray issued on next quarter's earnings?
Viewray issued an update on its third quarter 2019 earnings guidance on Tuesday, October, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $20.9-20.9 million, compared to the consensus revenue estimate of $15.76 million.
What price target have analysts set for VRAY?
9 brokerages have issued 12 month price objectives for Viewray's stock. Their forecasts range from $5.00 to $13.00. On average, they anticipate Viewray's stock price to reach $7.78 in the next year. This suggests a possible upside of 180.8% from the stock's current price. View Analyst Price Targets for Viewray.
What is the consensus analysts' recommendation for Viewray?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Viewray in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Viewray.
What are Wall Street analysts saying about Viewray stock?
Here are some recent quotes from research analysts about Viewray stock:
- 1. According to Zacks Investment Research, "ViewRay Inc. is a medical device company. The company develops advanced radiation therapy technology for the treatment of cancer. MRIdian system provides continuous soft-tissue imaging during treatment. ViewRay Inc. is headquartered in Oakwood Village, Ohio. " (11/16/2019)
- 2. Northland Securities analysts commented, "We remain confident in our analysis of the clinical benefits of MRgRT, and this study is another data point towards long-term validation." (8/19/2019)
- 3. Cantor Fitzgerald analysts commented, ": We reiterate our Overweight rating and $13 PT on VRAY. 1Q revenue of $20.3MM (-23%) was essentially in line with FactSet consensus of $20.4MM. We think the order beat is a better measure of the momentum of the business. VRAY received orders for seven MRIdians, two more than we were expecting for the second straight quarter. We think the order momentum is a direct result of the strategy that the new management team has implemented since taking over in July 2018. The finishing touches of management’s strategy are still coming together, but we think VRAY is positioned to capitalize on what we expect to be meaningful shift to adaptive therapy and MR linacs." (5/2/2019)
Has Viewray been receiving favorable news coverage?
News stories about VRAY stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Viewray earned a news sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Viewray.
Are investors shorting Viewray?
Viewray saw a decrease in short interest in October. As of October 15th, there was short interest totalling 16,270,000 shares, a decrease of 8.1% from the September 15th total of 17,700,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the short-interest ratio is currently 6.5 days. Currently, 22.5% of the company's shares are sold short. View Viewray's Current Options Chain.
Who are some of Viewray's key competitors?
Some companies that are related to Viewray include Natus Medical (NTUS), AxoGen (AXGN), Cutera (CUTR), TransMedics Group (TMDX), Zynex (ZYXI), Semler Scientific (SMLR), BioLife Solutions (BLFS), Stereotaxis (STXS), BioSig Technologies (BSGM), Edap Tms (EDAP), Fonar (FONR), Rockwell Medical (RMTI), Second Sight Medical Products (EYES), Fc Global Realty (FCRE) and electroCore (ECOR).
What other stocks do shareholders of Viewray own?
When did Viewray IPO?
(VRAY) raised $52 million in an IPO on the week of April 6th 2015. The company issued 4,000,000 shares at $12.00-$14.00 per share. Cowen and Company and Stifel served as the underwriters for the IPO and BTIG and Brean Capital were co-managers.
Who are Viewray's major shareholders?
Viewray's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Rhenman & Partners Asset Management AB (0.65%), Kahn Brothers Group Inc. DE (0.35%), Essex Investment Management Co. LLC (0.15%), Russell Investments Group Ltd. (0.13%), Pennsylvania Trust Co (0.12%) and Perkins Capital Management Inc. (0.06%). Company insiders that own Viewray stock include Fmr Llc, International Ltd Fosun, James F Dempsey, Orbimed Advisors Llc, Scott William Drake and Shahriar Matin. View Institutional Ownership Trends for Viewray.
Which major investors are selling Viewray stock?
VRAY stock was sold by a variety of institutional investors in the last quarter, including Rhenman & Partners Asset Management AB, Essex Investment Management Co. LLC, Perkins Capital Management Inc., Pennsylvania Trust Co and Stephens Inc. AR. View Insider Buying and Selling for Viewray.
Which major investors are buying Viewray stock?
VRAY stock was acquired by a variety of institutional investors in the last quarter, including Kahn Brothers Group Inc. DE, Parallel Advisors LLC, Raymond James Trust N.A., Allworth Financial LP, Russell Investments Group Ltd. and Usca Ria LLC. Company insiders that have bought Viewray stock in the last two years include International Ltd Fosun, Scott William Drake and Shahriar Matin. View Insider Buying and Selling for Viewray.
How do I buy shares of Viewray?
Shares of VRAY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Viewray's stock price today?
One share of VRAY stock can currently be purchased for approximately $2.77.
How big of a company is Viewray?
Viewray has a market capitalization of $275.37 million and generates $80.96 million in revenue each year. The company earns $-76,400,000.00 in net income (profit) each year or ($0.98) on an earnings per share basis. View Additional Information About Viewray.
What is Viewray's official website?
How can I contact Viewray?
Viewray's mailing address is 2 THERMO FISHER WAY, OAKWOOD VILLAGE OH, 44146. The company can be reached via phone at 440-703-3210 or via email at [email protected]
MarketBeat Community Rating for Viewray (NASDAQ VRAY)
MarketBeat's community ratings are surveys of what our community members think about Viewray and other stocks. Vote "Outperform" if you believe VRAY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VRAY will underperform the S&P 500 over the long term. You may vote once every thirty days.
