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As of close of business last night, Veracyte Inc’s stock clocked out at $32.33, up 1.03% from its previous closing price of $32.00. In other words, the price has increased by $1.03 from its previous closing price. On the day, 0.52 million shares were traded. VCYT stock price reached its highest trading level at $32.43 during the session, while it also had its lowest trading level at $31.88.
Ratios:
To gain a deeper understanding of VCYT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.88. 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 13 ’24 when JONES EVAN/ FA sold 27,188 shares for $32.20 per share. The transaction valued at 875,565 led to the insider holds 5,173 shares of the business.
JONES EVAN/ FA sold 20,457 shares of VCYT for $658,801 on Aug 13 ’24. The Director now owns 34,343 shares after completing the transaction at $32.20 per share. On Aug 12 ’24, another insider, JONES EVAN/ FA, who serves as the Director of the company, sold 101 shares for $30.00 each. As a result, the insider received 3,031 and left with 32,361 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 2483335168 and an Enterprise Value of 2268259072. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 5.677 whereas that against EBITDA is 70.48.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $33.33, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 30.61%, while the 200-Day Moving Average is calculated to be 35.48%.
Shares Statistics:
It appears that VCYT traded 934.21K shares on average per day over the past three months and 833180 shares per day over the past ten 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 103.38% stake in the company. Shares short for VCYT as of 1722384000 were 2958135 with a Short Ratio of 3.17, compared to 1719532800 on 2913982. Therefore, it implies a Short% of Shares Outstanding of 2958135 and a Short% of Float of 4.3.
