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The closing price of Veracyte Inc (NASDAQ: VCYT) was $43.51 for the day, up 1.23% from the previous closing price of $42.98. In other words, the price has increased by $1.23 from its previous closing price. On the day, 0.5 million shares were traded. VCYT stock price reached its highest trading level at $44.18 during the session, while it also had its lowest trading level at $43.12.
Ratios:
Our analysis of VCYT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.70. For the most recent quarter (mrq), Quick Ratio is recorded 4.79 and its Current Ratio is at 5.08. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on December 05, 2024, Downgraded its rating to Neutral and sets its target price to $37 from $38 previously.
On November 15, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $50.
On October 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $43.UBS initiated its Buy rating on October 16, 2024, with a $43 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 04 ’24 when Febbo Phillip G. sold 3,934 shares for $44.09 per share. The transaction valued at 173,447 led to the insider holds 82,414 shares of the business.
McGuire Annie sold 18,699 shares of VCYT for $823,179 on Dec 04 ’24. The SVP, General Counsel now owns 72,869 shares after completing the transaction at $44.02 per share. On Dec 04 ’24, another insider, PHILLIP G FEBBO, who serves as the Officer of the company, bought 1,311 shares for $44.09 each.
Valuation Measures:
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 3372007424 and an Enterprise Value of 3117723904. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.93 while its Price-to-Book (P/B) ratio in mrq is 2.87. Its current Enterprise Value per Revenue stands at 7.33 whereas that against EBITDA is 70.835.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $46.00, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 17.30%, while the 200-Day Moving Average is calculated to be 58.18%.
Shares Statistics:
VCYT traded an average of 807.78K shares per day over the past three months and 822960 shares per day over the past ten days. A total of 77.49M shares are outstanding, with a floating share count of 76.39M. Insiders hold about 1.43% of the company’s shares, while institutions hold 106.25% stake in the company. Shares short for VCYT as of 1732838400 were 2966704 with a Short Ratio of 3.67, compared to 1730332800 on 3101931. Therefore, it implies a Short% of Shares Outstanding of 2966704 and a Short% of Float of 4.2700000000000005.
