View Inc. (NASDAQ:VIEW) currently has a daily average trading volume of 736.87K but it saw 10717674 shares traded on Thursday. With a market cap of 56.76M USD, stock’s current market price of $0.23 came rising about 2.58 while comparing to the previous closing price of $0.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.74 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.255 while lowest mark touched by it was $0.191.
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Taking a look at 20-day trading activity of View Inc. (VIEW) gives us an average price of $0.2509, while its current price level is -91.60% below from 52-week high level whereas it is 18.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3669 while that of 200 days or SMA-200 reads an average of $0.9988. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.16% during that period while stretching the period over a month that increases to 14.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.34 which implies that the stock is in neutral territory.
View Inc. (VIEW)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $3.00 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $3.00 which highlights an upside potential of 92.33% for the stock over that period. And to attain the median price target of $3.00 assigned by those analysts, stock has to add about 92.33% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, VIEW’s stock price is moving -3.80% down while it is -28.35% when we observe its performance for the past one month. Year-to-date it is -76.14% down and over the past year, the stock is showing a downside performance of -76.98%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.22 beat the consensus estimate of -$0.23 for the same. The company is expected to be releasing its next quarterly report in 08/07/2023, for which analysts forecasted an EPS of -$0.18 while estimate for next year EPS is -$0.78. For VIEW, analysts are forecasting an EPS-growth rate of 35.50% for current year and estimate for EPS growth in next year is 35.90%. In next quarter, company is expected to be making quarterly sales of $42.5 million as analysts are expecting the sales for current fiscal year at $138.8 million and seeing the company making $258 million in sales next year. Moreover, analysts are in estimates of $25 million for current-quarter revenue.
Currently, View Inc.’s total number of outstanding shares is 236.25M with 1.94% of that held by the insiders while 79.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -77.50% and return on equity (ROE) at -124.00%. Stock has a price to book (P/B) ratio of 0.30 while price to sale or P/S ratio amounts to 0.55. Its return on asset (ROA) is -60.70% on average.
In the most recent quarter, BNP Paribas Funds – Ecosystem Res came rising its stake by 165.03% in the company and now holds 5.04 million or 2.09% of the company’s stake having worth of about 1.72 million.
