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The price of Veracyte Inc (NASDAQ: VCYT) closed at $42.84 in the last session, down -2.84% from day before closing price of $44.09. In other words, the price has decreased by -$2.84 from its previous closing price. On the day, 0.74 million shares were traded. VCYT stock price reached its highest trading level at $43.39 during the session, while it also had its lowest trading level at $42.0.
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 12.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.78. 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 the company, Goldman on Dec-06-24, Downgraded its rating to Neutral and sets its target price to $37 from $38 previously.
On November 15, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $50.
On October 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $43.UBS initiated its Buy rating on October 16, 2024, with a $43 target price.
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 Dec 04 ’24 when PHILLIP G FEBBO bought 1,311 shares for $44.09 per share.
Leite John sold 1,050 shares of VCYT for $45,408 on Dec 03 ’24. The Chief Commercial Officer-CLIA now owns 73,810 shares after completing the transaction at $43.25 per share. On Dec 03 ’24, another insider, Chambers Rebecca, who serves as the Chief Financial Officer of the company, sold 7,000 shares for $43.23 each. As a result, the insider received 302,622 and left with 114,037 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 3416956672 and an Enterprise Value of 3065799168. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.81 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 7.208 whereas that against EBITDA is 69.655.
Stock Price History:
Over the past 52 weeks, VCYT has reached a high of $44.50, while it has fallen to a 52-week low of $18.61. The 50-Day Moving Average of the stock is 17.97%, while the 200-Day Moving Average is calculated to be 58.03%.
Shares Statistics:
According to the various share statistics, VCYT traded on average about 795.23K shares per day over the past 3-months and 748020 shares per day over the past 10 days. A total of 77.49M shares are outstanding, with a floating share count of 76.33M. Insiders hold about 1.51% of the company’s shares, while institutions hold 106.25% stake in the company. Shares short for VCYT as of 1731628800 were 2876243 with a Short Ratio of 3.62, compared to 1728950400 on 3099723. Therefore, it implies a Short% of Shares Outstanding of 2876243 and a Short% of Float of 4.14.
