In a report released today, Suraj Kalia from Northland Securities maintained a Buy rating on Viewray (VRAY), with a price target of $5. The company’s shares closed last Monday at $4.50.
Kalia commented:
“We remain confident in our analysis of the clinical benefits of MRgRT, and this study is another data point towards long-term validation.”
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 8.1% and a 56.7% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Varex Imaging Corporation, and Strata Skin Sciences Inc.
Currently, the analyst consensus on Viewray is a Strong Buy with an average price target of $7.50, a 67.0% upside from current levels. In a report issued on August 6, B.Riley FBR also maintained a Buy rating on the stock with a $12 price target.
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Based on Viewray’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $30.8 million. In comparison, last year the company had a GAAP net loss of $21.99 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRAY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ViewRay, Inc. engages in the design, manufacture and market magnetic resonance imaging (MRI) system. It develops MRIdian to address the key limitations of existing external-beam radiation therapy technologies, and employs MRI-based technology to provide real-time imaging that clearly defines the targeted tumor from the surrounding soft tissue, and other critical organs, both before and during radiation treatment delivery. The company was founded by Dinara Akzhigitova on September 6, 2013 and is headquartered in Oakwood Village, OH.
