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Veracyte Inc (NASDAQ: VCYT) closed the day trading at $23.50 up 0.13% from the previous closing price of $23.47. In other words, the price has increased by $0.13 from its previous closing price. On the day, 1.17 million shares were traded. VCYT stock price reached its highest trading level at $24.25 during the session, while it also had its lowest trading level at $23.47.
Ratios:
For a better understanding of VCYT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.23. For the most recent quarter (mrq), Quick Ratio is recorded 4.69 and its Current Ratio is at 5.00. In the meantime, Its Debt-to-Equity ratio is 0.01 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 this company, Needham on February 23, 2024, Reiterated its Buy rating but revised its target price to $33 from $30 previously.
On January 05, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $33.Scotiabank initiated its Sector Outperform rating on January 05, 2023, with a $33 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 16 ’24 when EASTHAM KARIN sold 7,500 shares for $25.00 per share. The transaction valued at 187,500 led to the insider holds 33,228 shares of the business.
Holstein Jens sold 5,000 shares of VCYT for $122,500 on Jul 16 ’24. The Director now owns 32,878 shares after completing the transaction at $24.50 per share. On Jul 16 ’24, another insider, Leite John, who serves as the Chief Commercial Officer-CLIA of the company, sold 1,277 shares for $25.00 each. As a result, the insider received 31,925 and left with 82,968 shares of the company.
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 1796530304 and an Enterprise Value of 1601481600. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.78 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 4.265 whereas that against EBITDA is 81.17.
Stock Price History:
The Beta on a monthly basis for VCYT is 1.65, which has changed by -0.17889589 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, VCYT has reached a high of $29.40, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 6.79%, while the 200-Day Moving Average is calculated to be 1.52%.
Shares Statistics:
Over the past 3-months, VCYT traded about 779.99K shares per day on average, while over the past 10 days, VCYT traded about 971910 shares per day. A total of 76.45M shares are outstanding, with a floating share count of 75.26M. Insiders hold about 1.56% of the company’s shares, while institutions hold 107.94% stake in the company. Shares short for VCYT as of 1719532800 were 2913982 with a Short Ratio of 3.74, compared to 1717113600 on 4443675. Therefore, it implies a Short% of Shares Outstanding of 2913982 and a Short% of Float of 4.2600001999999995.
