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After finishing at $32.60 in the prior trading day, Veracyte Inc (NASDAQ: VCYT) closed at $32.45, down -0.46%. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 0.59 million shares were traded. VCYT stock price reached its highest trading level at $32.47 during the session, while it also had its lowest trading level at $31.93.
Ratios:
Our goal is to gain a better understanding of VCYT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.11. 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, 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:
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 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 2504075776 and an Enterprise Value of 2277476352. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.24 while its Price-to-Book (P/B) ratio in mrq is 2.20. Its current Enterprise Value per Revenue stands at 5.7 whereas that against EBITDA is 70.766.
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 -0.33%, while the 200-Day Moving Average is calculated to be 28.58%.
Shares Statistics:
The stock has traded on average 891.31K shares per day over the past 3-months and 623560 shares per day over the last 10 days, according to various share statistics. 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 104.08% stake in the company. Shares short for VCYT as of 1727654400 were 3263081 with a Short Ratio of 3.66, compared to 1724976000 on 2928096. Therefore, it implies a Short% of Shares Outstanding of 3263081 and a Short% of Float of 4.7399998.
