ViewRay Analysis
ViewRay holds a debt-to-equity ratio of 0.543. With a high degree of financial leverage come high-interest payments, which usually reduce ViewRay's Earnings Per Share (EPS).
Asset vs Debt
Equity vs Debt
ViewRay's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. ViewRay's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps ViewRay Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect ViewRay's stakeholders.
For most companies, including ViewRay, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for ViewRay, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, ViewRay's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that ViewRay's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which ViewRay is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of ViewRay to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, ViewRay is said to be less leveraged. If creditors hold a majority of ViewRay's assets, the Company is said to be highly leveraged.
ViewRay is undervalued with Real Value of 0.0 and Hype Value of 0.0. The main objective of ViewRay delisted stock analysis is to determine its intrinsic value, which is an estimate of what ViewRay is worth, separate from its market price. There are two main types of ViewRay's stock analysis: fundamental analysis and technical analysis.
The ViewRay stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. ViewRay is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day ( substitute day ), Independence Day. ViewRay Stock trading window is adjusted to America/New York timezone.
ViewRay |
ViewRay Stock Analysis Notes
About 17.0% of the company outstanding shares are owned by insiders. The company recorded a loss per share of 0.26. ViewRay had not issued any dividends in recent years. The entity had 683:576 split on the 8th of July 2015. ViewRay, Inc. designs, manufactures, and markets magnetic resonance imaging guided radiation therapy systems to image and treat cancer patients in the United States, France, Taiwan, the United Kingdom, and internationally. The company was founded in 2004 and is headquartered in Oakwood, Ohio. Viewray operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 267 people. For more information please call Scott Drake at 440 703 3210 or visit https://www.viewray.com.ViewRay Investment Alerts
| ViewRay is not yet fully synchronised with the market data | |
| ViewRay has some characteristics of a very speculative penny stock | |
| ViewRay has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 102.21 M. Net Loss for the year was (107.33 M) with profit before overhead, payroll, taxes, and interest of 10.04 M. | |
| ViewRay currently holds about 157.59 M in cash with (91.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.87. | |
| Roughly 75.0% of the company outstanding shares are owned by institutional investors |
ViewRay Upcoming and Recent Events
Earnings reports are used by ViewRay to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
| 1st of August 2023 Upcoming Quarterly Report | View | |
| 7th of November 2023 Next Financial Report | View | |
| 30th of June 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 31st of March 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
ViewRay Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.59 M.ViewRay Profitablity
The company has Profit Margin (PM) of (1.04) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (1.02) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $1.02.ViewRay Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ViewRay insiders, such as employees or executives, is commonly permitted as long as it does not rely on ViewRay's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ViewRay insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ziegler Paul Jr over a year ago Sale by Ziegler Paul Jr of 169785 shares of ViewRay | ||
Ziegler Paul Jr over a year ago Acquisition by Ziegler Paul Jr of 1200000 shares of ViewRay subject to Rule 16b-3 | ||
Ziegler Paul Jr over a year ago Payment of 8770 shares by Ziegler Paul Jr of ViewRay subject to Rule 16b-3 | ||
Ziegler Paul Jr over a year ago Acquisition by Ziegler Paul Jr of 115207 shares of ViewRay subject to Rule 16b-3 |
ViewRay Outstanding Bonds
ViewRay issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ViewRay uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ViewRay bonds can be classified according to their maturity, which is the date when ViewRay has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US92676XAF42 Corp BondUS92676XAF42 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
ViewRay Debt to Cash Allocation
As ViewRay follows its natural business cycle, the capital allocation decisions will not magically go away. ViewRay's decision-makers have to determine if most of the cash flows will be poured back into or reinvested in the business, reserved for other projects beyond operational needs, or paid back to stakeholders and investors.
ViewRay currently holds 86.4 M in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. ViewRay has a current ratio of 2.98, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about ViewRay's use of debt, we should always consider it together with its cash and equity.ViewRay Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the ViewRay's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of ViewRay, which in turn will lower the firm's financial flexibility.ViewRay Corporate Bonds Issued
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Other Consideration for investing in ViewRay Stock
If you are still planning to invest in ViewRay check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ViewRay's history and understand the potential risks before investing.
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