In yesterday’s Wall Street session, View Inc. (NASDAQ:VIEW) shares traded at $14.40, up 30.91% from the previous session.
As of this writing, 1 analysts cover View Inc. (NASDAQ:VIEW). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $180.00 and a low of $180.00, we find $180.00. Given the previous closing price of $11.00, this indicates a potential upside of 1536.36 percent. VIEW stock price is now 47.02% away from the 50-day moving average and -63.37% away from the 200-day moving average. The market capitalization of the company currently stands at $58.07M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $180.00 as their price target over the next twelve months.
In other news, Mulpuri Rao, Chief Executive Officer bought 185,155 shares of the company’s stock on May 26. The stock was bought for $37,031 at an average price of $0.20. Upon completion of the transaction, the Chief Executive Officer now directly owns 906,307 shares in the company, valued at $13.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Chief Executive Officer Mulpuri Rao bought 131,431 shares of the business’s stock. A total of $26,286 was incurred on buying the stock at an average price of $0.20. This leaves the insider owning 721,152 shares of the company worth $10.38 million. Insiders disposed of 3,419,230 shares of company stock worth roughly $49.24 million over the past 1 year. A total of 4.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VIEW stock. A new stake in View Inc. shares was purchased by ANSON FUNDS MANAGEMENT LP during the first quarter worth $2,975,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. invested $16,000 in shares of VIEW during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in View Inc. valued at approximately $13,000. LAZARD ASSET MANAGEMENT LLC acquired a new stake in VIEW for approximately $8,000. WELLS FARGO & COMPANY/MN purchased a new stake in VIEW valued at around $6,000 in the second quarter.
Friday morning saw View Inc. (NASDAQ: VIEW) opened at $11.24. During the past 12 months, View Inc. has had a low of $6.08 and a high of $152.40. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.30, and a quick ratio of 2.10. The fifty day moving average price for VIEW is $9.52 and a two-hundred day moving average price translates $37.86 for the stock.
The latest earnings results from View Inc. (NASDAQ: VIEW) was released for Mar, 2023. According to the Building Products & Equipment Company, earnings per share came in at -$13.2, beating analysts’ expectations of -$13.8 by 0.6. This compares to -$0.38 EPS in the same period last year. The company reported revenue of $18.35 million for the quarter, compared to $17.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent. For the current quarter, analysts expect VIEW to generate $25M in revenue.
View Inc.(VIEW) Company Profile
View, Inc., a technology company, manufactures and sells smart building products. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units; Controls, Software and Services, a network infrastructure comprising wiring and controls system that provides a network addressable location, as well as software and algorithms that control the behavior of glass panel in real time; and View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices. The company’s products also include View Immersive Experiences, which transforms View Smart Glass windows into transparent, digital, and interactive surfaces; View Sense modules to measure and optimize light, humidity, temperature, air quality, dust, and noise; View Smart Protect, an intrusion detection solution that can be deployed on View Smart Glass windows to improve the security of a building by detecting glass breakage; View Secure Edge, a plug-and-play edge-to-cloud solution that enables IT and digital innovation teams to securely connect new and existing buildings to the cloud; View Remote Access, a secure access portal that enables IT teams to reduce the cost and cybersecurity risks of maintaining smart buildings; and View Building Performance, a configurable application and web-based tool that enables building managers to measure, optimize, and automate building performance; and View Workplace Experience, a configurable application and web-based tool that enables corporate facilities managers to create productive workplaces. It sells its products to real estate industry, including commercial offices, airports, hospitals and healthcare facilities, multi-family residential, and educational buildings. The company is headquartered in Milpitas, California.
