View Inc. (NASDAQ: VIEW) stock jumped 21.81% on Friday to $2.29 against a previous-day closing price of $1.88. With 2.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.9 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $2.2900 whereas the lowest price it dropped to was $1.9350. The 52-week range on VIEW shows that it touched its highest point at $6.80 and its lowest point at $0.37 during that stretch. It currently has a 1-year price target of $3.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VIEW was up-trending over the past week, with a rise of 23.78%, but this was up by 53.69% over a month. Three-month performance surged to 59.03% while six-month performance fell -15.19%. The stock lost -63.71% in the past year, while it has lost -41.43% so far this year. A look at the trailing 12-month EPS for VIEW yields -1.65 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.28. This implies an EPS growth rate of -76.40% for this year and 23.70% for next year.
Float and Shares Shorts:
At present, 214.23 million VIEW shares are outstanding with a float of 156.52 million shares on hand for trading. On Apr 28, 2022, short shares totaled 12.54 million, which was 5.78% higher than short shares on Mar 30, 2022. In addition to Dr. Rao Mulpuri as the firm’s Chief Exec. Officer, Mr. Rahul Bammi serves as its Chief Bus. Officer.
Institutional Ownership:
Through their ownership of 79.77% of VIEW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.34% of VIEW, in contrast to 24.35% held by mutual funds. Shares owned by individuals account for 14.30%. As the largest shareholder in VIEW with 12.23% of the stake, Guardians of New Zealand Superann holds 26,805,671 shares worth 26,805,671. A second-largest stockholder of VIEW, GIC Pte Ltd., holds 21,287,417 shares, controlling over 9.71% of the firm’s shares. Cantor Fitzgerald & Co. is the third largest shareholder in VIEW, holding 19,320,000 shares or 8.81% stake. With a 12.23% stake in VIEW, the New Zealand Superannuation Fund is the largest stakeholder. A total of 26,805,669 shares are owned by the mutual fund manager. The Invesco WilderHill Clean Energy E, which owns about 3.36% of VIEW stock, is the second-largest Mutual Fund holder. It holds 7,360,092 shares valued at 11.92 million. BNP Paribas Funds – Energy Transi holds 2.38% of the stake in VIEW, owning 5,205,993 shares worth 8.43 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VIEW since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VIEW analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, VIEW could surge 31.0% to reach the target high and rise by 31.0% to reach the target low. Reaching the average price target will result in a growth of 31.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VIEW will report FY 2022 earnings on 05/30/2023. Analysts have provided yearly estimates in a range of -$1.35 being high and -$1.35 being low. For VIEW, this leads to a yearly average estimate of -$1.35. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. View Inc. surprised analysts by -$0.10 when it reported -$0.38 EPS against a consensus estimate of -$0.28. Based on analyst estimates, the high estimate for the next quarter is -$0.28 and the low estimate is -$0.28. The average estimate for the next quarter is thus -$0.28.
Summary of Insider Activity:
Insiders traded VIEW stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
