View Inc. (NASDAQ:VIEW) shares traded 66.99% higher at $1.72 on Wall Street last session.
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 $1.03, this indicates a potential upside of 17375.73 percent. VIEW stock price is now -54.77% away from the 50-day moving average and -87.58% away from the 200-day moving average. The market capitalization of the company currently stands at $7.00M.
Brokers who have rated the stock have averaged $180.00 as their price target over the next twelve months.
In other news, MADRONE CAPITAL PARTNERS, LLC, 10% Owner sold 266,368 shares of the company’s stock on Nov 30. The stock was sold for $205,103 at an average price of $0.77. Upon completion of the transaction, the 10% Owner now directly owns 60,954 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, 10% Owner MADRONE CAPITAL PARTNERS, LLC sold 95,503 shares of the business’s stock. A total of $117,469 was realized by selling the stock at an average price of $1.23. This leaves the insider owning 327,322 shares of the company worth $0.56 million. Insiders disposed of 1,312,142 shares of company stock worth roughly $2.26 million over the past 1 year. A total of 33.26% of the company’s stock is owned by insiders.
View Inc. (NASDAQ: VIEW) opened at $1.2700 on Monday. During the past 12 months, View Inc. has had a low of $0.62 and a high of $95.40. The fifty day moving average price for VIEW is $3.8029 and a two-hundred day moving average price translates $13.8465 for the stock.
The latest earnings results from View Inc. (NASDAQ: VIEW) was released for Sep, 2023. According to the Building Products & Equipment Company, earnings per share came in at -$8.17, missing analysts’ expectations of -$6.41 by -1.76. This compares to -$22.92 EPS in the same period last year. The net profit margin was -331.00% and return on equity was -387.98% for VIEW. The company reported revenue of $38.22 million for the quarter, compared to $23.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.85 percent. For the current quarter, analysts expect VIEW to generate $33.5M 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.
