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After finishing at $21.03 in the prior trading day, Veracyte Inc (NASDAQ: VCYT) closed at $20.12, down -4.33%. In other words, the price has decreased by -$4.33 from its previous closing price. On the day, 0.96 million shares were traded. VCYT stock price reached its highest trading level at $21.6446 during the session, while it also had its lowest trading level at $19.78.
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 7.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.42. For the most recent quarter (mrq), Quick Ratio is recorded 4.69 and its Current Ratio is at 5.00. In the meantime, Its Debt-to-Equity ratio is 0.01 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:
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 Apr 01 ’24 when EASTHAM KARIN sold 10,000 shares for $21.65 per share. The transaction valued at 216,528 led to the insider holds 33,125 shares of the business.
JONES EVAN/ FA sold 10,000 shares of VCYT for $243,599 on Mar 01 ’24. The Director now owns 37,601 shares after completing the transaction at $24.36 per share. On Jul 19 ’23, another insider, JONES EVAN/ FA, who serves as the Director of the company, sold 3,090 shares for $30.17 each. As a result, the insider received 93,232 and left with 35,173 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 1538125824 and an Enterprise Value of 1309019008. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.10 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 3.486 whereas that against EBITDA is 100.385.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $30.52, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is -4.71%, while the 200-Day Moving Average is calculated to be -16.05%.
Shares Statistics:
The stock has traded on average 693.08K shares per day over the past 3-months and 619990 shares per day over the last 10 days, according to various share statistics. A total of 76.45M shares are outstanding, with a floating share count of 75.17M. Insiders hold about 1.67% of the company’s shares, while institutions hold 102.35% stake in the company. Shares short for VCYT as of 1713139200 were 3636544 with a Short Ratio of 5.25, compared to 1710460800 on 2744126. Therefore, it implies a Short% of Shares Outstanding of 3636544 and a Short% of Float of 5.3100000000000005.
