At the time of writing, Veracyte Inc [VCYT] stock is trading at $31.84, up 0.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VCYT shares have gain 4.63% over the last week, with a monthly amount drifted -24.39%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Veracyte Inc [NASDAQ: VCYT] stock has seen the most recent analyst activity on March 20, 2025, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $45. Previously, Goldman downgraded its rating to Neutral on December 05, 2024, and dropped its price target to $37. On November 15, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $50 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $43 on October 16, 2024. Guggenheim initiated its recommendation with a Buy and recommended $40 as its price target on October 10, 2024. Needham reiterated a Buy rating for this stock on February 23, 2024, and upped its price target to $33. In a note dated January 18, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Veracyte Inc fluctuated between $18.61 and $47.32. Currently, Wall Street analysts expect the stock to reach $44 within the next 12 months. Veracyte Inc [NASDAQ: VCYT] shares were valued at $31.84 at the most recent close of the market. An investor can expect a potential return of 38.19% based on the average VCYT price forecast.
Analyzing the VCYT fundamentals
According to Veracyte Inc [NASDAQ:VCYT], the company’s sales were 445.76M for trailing twelve months, which represents an 20.81% jump. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.02 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 31.14 points at the first support level, and at 30.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.68, and for the 2nd resistance point, it is at 33.51.
Ratios To Look Out For
It is important to note that Veracyte Inc [NASDAQ:VCYT] has a current ratio of 4.73. Also, the Quick Ratio is 4.46, while the Cash Ratio stands at 3.04. Considering the valuation of this stock, the price to sales ratio is 5.57, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 103.88.
Transactions by insiders
Recent insider trading involved Leite John, Chief Commercial Officer-CLIA, that happened on Mar 07 ’25 when 7411.0 shares were sold. Officer, JOHN LEITE completed a deal on Mar 07 ’25 to buy 7411.0 shares. Meanwhile, Officer ANN MCGUIRE bought 1142.0 shares on Mar 04 ’25.
