The stock of Veracyte Inc (VCYT) has gone down by -7.89% for the week, with a 8.76% rise in the past month and a 37.41% rise in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are 4.94% for VCYT. The simple moving average for the past 20 days is -6.03% for VCYT’s stock, with a 21.75% simple moving average for the past 200 days.
Is It Worth Investing in Veracyte Inc (NASDAQ: VCYT) Right Now?
Moreover, the 36-month beta value for VCYT is 1.66. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for VCYT is 75.65M and currently, short sellers hold a 4.11% of that float. On September 06, 2024, VCYT’s average trading volume was 941.31K shares.
VCYT) stock’s latest price update
The stock of Veracyte Inc (NASDAQ: VCYT) has decreased by -1.18 when compared to last closing price of 29.77. Despite this, the company has experienced a -7.89% fall in its stock price over the last five trading sessions. zacks.com reported 2024-09-05 that Veracyte (VCYT) reported earnings 30 days ago. What’s next for the stock?
Analysts’ Opinion of VCYT
Many brokerage firms have already submitted their reports for VCYT stocks, with Needham repeating the rating for VCYT by listing it as a “Buy.” The predicted price for VCYT in the upcoming period, according to Needham is $33 based on the research report published on February 23, 2024 of the current year 2024.
Scotiabank gave a rating of “Sector Outperform” to VCYT, setting the target price at $33 in the report published on January 05th of the previous year.
VCYT Trading at 12.19% from the 50-Day Moving Average
After a stumble in the market that brought VCYT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.73% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares sank -3.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.80% upper at present.
During the last 5 trading sessions, VCYT fell by -9.27%, which changed the moving average for the period of 200-days by +14.77% in comparison to the 20-day moving average, which settled at $31.26. In addition, Veracyte Inc saw 6.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VCYT starting from JOHN LEITE, who proposed sale 5,479 shares at the price of $30.29 back on Sep 04 ’24. After this action, JOHN LEITE now owns shares of Veracyte Inc, valued at $165,959 using the latest closing price.
JONES EVAN/ FA, the Director of Veracyte Inc, sale 27,188 shares at $32.20 during a trade that took place back on Aug 13 ’24, which means that JONES EVAN/ FA is holding 5,173 shares at $875,565 based on the most recent closing price.
Stock Fundamentals for VCYT
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.66 for the gross margin
The net margin for Veracyte Inc stands at -0.14. The total capital return value is set at -0.03. Equity return is now at value -4.88, with -4.51 for asset returns.
Based on Veracyte Inc (VCYT), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 2.43. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -6536.8.
Currently, EBITDA for the company is 15.12 million with net debt to EBITDA at -3.46. When we switch over and look at the enterprise to sales, we see a ratio of 5.04. The receivables turnover for the company is 7.94for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.44.
Conclusion
To wrap up, the performance of Veracyte Inc (VCYT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
