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The closing price of Veracyte Inc (NASDAQ: VCYT) was $37.04 for the day, down -6.30% from the previous closing price of $39.53. In other words, the price has decreased by -$6.30 from its previous closing price. On the day, 0.88 million shares were traded. VCYT stock price reached its highest trading level at $39.98 during the session, while it also had its lowest trading level at $36.8041.
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 10.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.82. 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 this company, UBS on October 16, 2024, initiated with a Buy rating and assigned the stock a target price of $43.
On October 10, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $40.
Needham reiterated its Buy rating for the stock on February 23, 2024, while the target price for the stock was revised from $30 to $33.
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 Nov 12 ’24 when Chambers Rebecca sold 15,275 shares for $38.34 per share. The transaction valued at 585,663 led to the insider holds 124,501 shares of the business.
EPSTEIN ROBERT S sold 15,000 shares of VCYT for $574,830 on Nov 12 ’24. The Director now owns 44,598 shares after completing the transaction at $38.32 per share. On Nov 12 ’24, another insider, ROBERT S EPSTEIN, who serves as the Director of the company, bought 15,000 shares for $38.89 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 2870585344 and an Enterprise Value of 2616301312. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.75 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 6.151 whereas that against EBITDA is 59.442.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $41.43, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 9.21%, while the 200-Day Moving Average is calculated to be 42.50%.
Shares Statistics:
VCYT traded an average of 771.55K shares per day over the past three months and 1003290 shares per day over the past ten days. A total of 77.50M shares are outstanding, with a floating share count of 76.33M. Insiders hold about 1.51% of the company’s shares, while institutions hold 101.16% stake in the company. Shares short for VCYT as of 1730332800 were 3101931 with a Short Ratio of 4.02, compared to 1727654400 on 3263081. Therefore, it implies a Short% of Shares Outstanding of 3101931 and a Short% of Float of 4.46.
