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The closing price of Veracyte Inc (NASDAQ: VCYT) was $38.94 for the day, down -0.66% from the previous closing price of $39.20. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 0.63 million shares were traded. VCYT stock price reached its highest trading level at $39.81 during the session, while it also had its lowest trading level at $38.728.
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 11.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.43. 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, Wolfe Research on November 15, 2024, initiated with a Outperform rating and assigned the stock a target price of $50.
On October 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $43.
On October 10, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $40.Guggenheim initiated its Buy rating on October 10, 2024, with a $40 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 Nov 19 ’24 when EASTHAM KARIN sold 14,731 shares for $38.34 per share. The transaction valued at 564,768 led to the insider holds 18,497 shares of the business.
KARIN EASTHAM bought 14,731 shares of VCYT for $540,775 on Nov 19 ’24. On Nov 12 ’24, another insider, Chambers Rebecca, who serves as the Chief Financial Officer of the company, sold 15,275 shares for $38.34 each. As a result, the insider received 585,663 and left with 124,501 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 3017834240 and an Enterprise Value of 2783700480. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.10 while its Price-to-Book (P/B) ratio in mrq is 2.57. Its current Enterprise Value per Revenue stands at 6.545 whereas that against EBITDA is 63.246.
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 12.05%, while the 200-Day Moving Average is calculated to be 47.95%.
Shares Statistics:
VCYT traded an average of 778.63K shares per day over the past three months and 1069400 shares per day over the past ten days. A total of 77.50M shares are outstanding, with a floating share count of 76.31M. Insiders hold about 1.54% of the company’s shares, while institutions hold 106.24% stake in the company. Shares short for VCYT as of 1730332800 were 3101931 with a Short Ratio of 3.98, compared to 1727654400 on 3263081. Therefore, it implies a Short% of Shares Outstanding of 3101931 and a Short% of Float of 4.46.
