View Inc. (NASDAQ: VIEW) stock jumped 1.78% on Monday to $0.78 against a previous-day closing price of $0.76. With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.81 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $0.7999 whereas the lowest price it dropped to was $0.7700. The 52-week range on VIEW shows that it touched its highest point at $3.13 and its lowest point at $0.37 during that stretch.
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 1.46%, but this was down by -33.55% over a month. Three-month performance dropped to -23.77% while six-month performance fell -60.13%. The stock lost -73.28% in the past year, while it has lost -19.42% so far this year. A look at the trailing 12-month EPS for VIEW yields -1.52 with Next year EPS estimates of -0.72. For the next quarter, that number is -0.29. This implies an EPS growth rate of -76.40% for this year and 40.00% for next year.
Float and Shares Shorts:
At present, 214.78 million VIEW shares are outstanding with a float of 184.07 million shares on hand for trading. On Oct 13, 2022, short shares totaled 15.49 million, which was 7.07% higher than short shares on Sep 14, 2022. In addition to Dr. Rao Mulpuri as the firm’s CEO & Director, Ms. Amy S. Reeves serves as its Chief Financial Officer.
Through their ownership of 86.21% of VIEW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 27.52% of VIEW, in contrast to 18.16% held by mutual funds. Shares owned by individuals account for 13.85%. As the largest shareholder in VIEW with 12.10% 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 18,570,000 shares, controlling over 8.38% of the firm’s shares. BNP Paribas Asset Management UK L is the third largest shareholder in VIEW, holding 16,743,019 shares or 7.56% stake. With a 12.10% 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 4.79% of VIEW stock, is the second-largest Mutual Fund holder. It holds 10,598,574 shares valued at 10.23 million. BNP Paribas Funds – Ecosystem Res holds 2.27% of the stake in VIEW, owning 5,037,195 shares worth 4.86 million.
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 284.62% to reach the target high and rise by 284.62% to reach the target low. Reaching the average price target will result in a growth of 284.62% 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 05/28/2024. Analysts have provided yearly estimates in a range of -$1.20 being high and -$1.20 being low. For VIEW, this leads to a yearly average estimate of -$1.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. View Inc. surprised analysts by $0.00 when it reported -$0.28 EPS against a consensus estimate of -$0.28. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.29 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.29.
Summary of Insider Activity:
Insiders traded VIEW stock several times over the past three months with 4 Buys and 13 Sells. In these transactions, 211,166 shares were bought while 319,916 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 211,166 while 2,317,046 shares were sold.