As of close of business last night, Veracyte Inc.’s stock clocked out at $26.00, down -1.10% from its previous closing price of $26.29. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 597988 shares were traded. VCYT stock price reached its highest trading level at $27.26 during the session, while it also had its lowest trading level at $25.99.
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To gain a deeper understanding of VCYT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 267.36. For the most recent quarter (mrq), Quick Ratio is recorded 4.30 and its Current Ratio is at 4.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 14 when Anderson Bonnie H sold 34,000 shares for $22.04 per share. The transaction valued at 749,357 led to the insider holds 42,681 shares of the business.
EASTHAM KARIN sold 18,750 shares of VCYT for $427,044 on Mar 16. The Director now owns 23,451 shares after completing the transaction at $22.78 per share. On Mar 15, another insider, Anderson Bonnie H, who serves as the Director of the company, sold 34,000 shares for $22.76 each. As a result, the insider received 773,888 and left with 53,967 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VCYT now has a Market Capitalization of 1.69B and an Enterprise Value of 1.52B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.10 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 4.89 whereas that against EBITDA is -393.21.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $32.40, while it has fallen to a 52-week low of $14.92. The 50-Day Moving Average of the stock is 22.74, while the 200-Day Moving Average is calculated to be 22.95.
It appears that VCYT traded 706.60K shares on average per day over the past three months and 648.21k shares per day over the past ten days. A total of 72.18M shares are outstanding, with a floating share count of 71.03M. Insiders hold about 0.70% of the company’s shares, while institutions hold 105.46% stake in the company. Shares short for VCYT as of Apr 27, 2023 were 3.7M with a Short Ratio of 3.70M, compared to 3.9M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.10% and a Short% of Float of 5.80%.
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.17, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.15 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$0.51 and -$0.69 for the fiscal current year, implying an average EPS of -$0.57. EPS for the following year is -$0.4, with 8 analysts recommending between -$0.21 and -$0.57.
In the current quarter, 8 analysts expect revenue to total $83.02M. It ranges from a high estimate of $85.4M to a low estimate of $80.9M. As of the current estimate, Veracyte Inc.’s year-ago sales were $72.86M, an estimated increase of 13.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $82.07M, an increase of 8.60% less than the figure of $13.90% in the same quarter last year. There is a high estimate of $83.4M for the next quarter, whereas the lowest estimate is $78.98M.
A total of 9 analysts have provided revenue estimates for VCYT’s current fiscal year. The highest revenue estimate was $338.42M, while the lowest revenue estimate was $330.91M, resulting in an average revenue estimate of $335.7M. In the same quarter a year ago, actual revenue was $296.54M, up 13.20% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $381.15M in the next fiscal year. The high estimate is $385.24M and the low estimate is $375.49M. The average revenue growth estimate for next year is up 13.50% from the average revenue estimate for this year.