View Inc. (VIEW) Performance and Fundamentals Dashboard tells a completely different story

View Inc. (NASDAQ: VIEW) stock jumped 15.04% on Wednesday to $1.53 against a previous-day closing price of $1.33. With 1.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.88 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $1.5800 whereas the lowest price it dropped to was $1.3000. 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.

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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 down-trending over the past week, with a drop of -22.34%, but this was down by -15.47% over a month. Three-month performance dropped to -4.38% while six-month performance fell -20.31%. The stock lost -73.62% in the past year, while it has lost -60.87% so far this year. A look at the trailing 12-month EPS for VIEW yields -1.59 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 39.80% for next year.

Float and Shares Shorts:

At present, 214.25 million VIEW shares are outstanding with a float of 175.09 million shares on hand for trading. On Jul 14, 2022, short shares totaled 17.57 million, which was 8.01% higher than short shares on Jun 14, 2022. In addition to Dr. Rao Mulpuri as the firm’s CEO & Director, Ms. Amy S. Reeves serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 82.02% of VIEW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.20% of VIEW, in contrast to 18.50% held by mutual funds. Shares owned by individuals account for 15.43%. As the largest shareholder in VIEW with 12.23% of the stake, Guardians of New Zealand Superann holds 26,805,669 shares worth 26,805,669. A second-largest stockholder of VIEW, Cantor Fitzgerald & Co., holds 19,320,000 shares, controlling over 8.81% of the firm’s shares. BNP Paribas Asset Management UK L is the third largest shareholder in VIEW, holding 16,573,305 shares or 7.56% 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 BNP Paribas Funds – Energy Transi, which owns about 4.83% of VIEW stock, is the second-largest Mutual Fund holder. It holds 10,586,468 shares valued at 18.84 million. Invesco WilderHill Clean Energy E holds 3.17% of the stake in VIEW, owning 6,944,186 shares worth 12.36 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 96.08% to reach the target high and rise by 96.08% to reach the target low. Reaching the average price target will result in a growth of 96.08% 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 -$0.03 when it reported -$0.31 EPS against a consensus estimate of -$0.28. The surprise factor in the prior quarter was -$0.10. 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.

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