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The price of Veracyte Inc (NASDAQ: VCYT) closed at $33.93 in the last session, down -0.26% from day before closing price of $34.02. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 0.56 million shares were traded. VCYT stock price reached its highest trading level at $33.995 during the session, while it also had its lowest trading level at $33.04.
Ratios:
We take a closer look at VCYT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.94. For the most recent quarter (mrq), Quick Ratio is recorded 4.17 and its Current Ratio is at 4.44. 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, Guggenheim on October 10, 2024, initiated with a Buy rating and assigned the stock a target price of $40.
On February 23, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $30 to $33.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 19 ’24 when JONES EVAN/ FA sold 5,173 shares for $35.23 per share. The transaction valued at 182,263 led to the insider holds 0 shares of the business.
Leite John sold 5,479 shares of VCYT for $163,159 on Sep 04 ’24. The Chief Commercial Officer-CLIA now owns 76,174 shares after completing the transaction at $29.78 per share. On Sep 04 ’24, another insider, JOHN LEITE, who serves as the Officer of the company, bought 5,479 shares for $30.29 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 2613149696 and an Enterprise Value of 2391158272. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.52 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 5.984 whereas that against EBITDA is 74.299.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $35.51, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 7.12%, while the 200-Day Moving Average is calculated to be 35.68%.
Shares Statistics:
According to the various share statistics, VCYT traded on average about 941.40K shares per day over the past 3-months and 741500 shares per day over the past 10 days. A total of 76.81M shares are outstanding, with a floating share count of 75.65M. Insiders hold about 1.51% of the company’s shares, while institutions hold 103.93% stake in the company. Shares short for VCYT as of 1727654400 were 3263081 with a Short Ratio of 3.47, compared to 1724976000 on 2928096. Therefore, it implies a Short% of Shares Outstanding of 3263081 and a Short% of Float of 4.7399998.
