Is This Stock a Screaming Buy: ViewRay, Inc. (:VRAY)

Equity Research firms currently have a positive stance on shares of ViewRay, Inc. (:VRAY). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $6.00 on a short term basis.

At the time of writing, the stock was trading at $4.04. This represents a change from the opening price of 0.00%. In terms of performance, year to date, the stock is -5.41%. The monthly stock performance comes in at 17.89%. For the quarter, shares are performing at -0.74%. Weekly performance analysis shows the equity at -12.23%.

In taking a look at technical levels, shares are trading 7.08% away from the 50 day simple moving average and -3.56% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -26.41% away from it’s 52- week high and 50.19% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, ViewRay, Inc.’s RSI stands at 47.08. In looking at volatility levels, the shares saw weekly volatility of 7.27% and 8.86% over the past month.

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