A share price of Veracyte Inc [VCYT] is currently trading at $33.74, down -3.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The VCYT shares have gain 2.93% over the last week, with a monthly amount drifted -0.16%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veracyte Inc [NASDAQ: VCYT] stock has seen the most recent analyst activity on October 16, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $43. Previously, Guggenheim started tracking the stock with Buy rating on October 10, 2024, and set its price target to $40. On February 23, 2024, Needham reiterated its Buy rating and revised its price target to $33 on the stock. Raymond James downgraded its rating to a Mkt Perform. Scotiabank initiated its recommendation with a Sector Outperform and recommended $33 as its price target on January 05, 2023. Stephens started tracking with a Overweight rating for this stock on January 07, 2022, and assigned it a price target of $52.
Veracyte Inc experienced fluctuations in its stock price throughout the past year between $18.61 and $35.51. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Veracyte Inc [NASDAQ: VCYT] shares were valued at $33.74 at the most recent close of the market. An investor can expect a potential drop of -22.94% based on the average VCYT price forecast.
Analyzing the VCYT fundamentals
Trailing Twelve Months sales for Veracyte Inc [NASDAQ:VCYT] were 399.58M which represents 26.69% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.05 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.32 points at the first support level, and at 32.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.45, and for the 2nd resistance point, it is at 35.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Veracyte Inc [NASDAQ:VCYT] is 4.44. On the other hand, the Quick Ratio is 4.17, and the Cash Ratio is 3.26. Considering the valuation of this stock, the price to sales ratio is 6.49, the price to book ratio is 2.29.
Transactions by insiders
Recent insider trading involved JONES EVAN/ FA, Director, that happened on Sep 19 ’24 when 5173.0 shares were sold. Chief Commercial Officer-CLIA, Leite John completed a deal on Sep 04 ’24 to sell 5479.0 shares. Meanwhile, Officer JOHN LEITE bought 5479.0 shares on Sep 04 ’24.
