BNP Paribas Asset Management UK L has recently announced that it has increased stake in View Inc. (NASDAQ:VIEW) by 8.64%. After grabbing 20.22 million shares, the institutional investor is now in possession of 1.61 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.40% having worth around $6.91 million. Moreover, BlackRock Fund Advisors increased its share by 0.47 million to have a control over 6.49 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.12 million shares by acquiring 6.21 million shares or 2.58% of the stake.
View Inc. (VIEW) concluded trading on 05/24/23 at a closing price of $0.22, with 0.97 million shares of worth about $0.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -82.47% during that period and on Wednesday the price saw a loss of about -0.62%. Currently the company’s common shares owned by public are about 236.25M shares, out of which, 184.07M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the VIEW stock and their offered price forecasts bring an average price target of $3.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $3.00. However, touching the estimated high of $3.00 would mean a gain of 92.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 71 times over the past 12 months. They bought 4,431,652 shares in 21 of the transactions. In 50 selling transactions, insiders dumped 2,835,680 shares.
BNP Paribas Funds – Energy Transi, New Zealand Superannuation Fund, and BNP Paribas Funds – Ecosystem Res are the top 3 mutual funds which are holding stakes in View Inc. BNP Paribas Funds – Energy Transi is currently holding 35.4 million shares of worth totaling $12.11 million. The company recently came buying 0.0 shares which brought its stake up to 14.71% of the company’s outstanding shares. BNP Paribas Funds – Ecosystem Res, after buying 5.04 million shares, have now control over 2.09% of the stake in the company. It holds 3.14 million shares of worth $1.72 million.
View Inc. (NASDAQ: VIEW) started trading at $0.24, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.2400, or with a loss of -0.62%. Stock saw a price change of -4.96% in past 5 days and over the past one month there was a price change of -30.42%. Year-to-date (YTD), VIEW shares are showing a performance of -76.74% which decreased to -77.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.19 but also hit the highest price of $2.74 during that period. The average intraday trading volume for View Inc. shares is 728.52K. The stock is currently trading -14.27% below its 20-day simple moving average (SMA20), while that difference is down -40.94% for SMA50 and it goes to -78.00% lower than SMA200.
BNP Paribas Asset Management UK L acquired 20.22 million shares of View Inc. having value of about $6.91 million. Data submitted at the U.S SEC by BNP Paribas Asset Management UK L revealed that the firm now holds 1.61 million shares in the company valued at close to $353660.78, or have control over 8.64% stake in the company. View Inc. (NASDAQ: VIEW) currently have 236.25M outstanding shares and institutions hold larger chunk of about 83.40% of that. Holding of mutual funds in the company is about 18.28% while other institutional holders and individual stake holders have control over 35.91% and 14.44% of the stake respectively.
The stock has a current market capitalization of $55.33M. It has posted earnings per share of -$1.46 in the same period. It has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VIEW, volatility over the week remained 8.92% while standing at 13.13% over the month.
Analysts are in expectations that View Inc. (VIEW) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.2 and it is -$0.5 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is -$0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.80% while it is estimated to increase by 35.90% in next year.
Analysts at 1 brokerage firms have issued recommendations for the View Inc. (VIEW)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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