Veracyte Inc (NASDAQ: VCYT) is 43.69% higher on its value in year-to-date trading and has touched a low of $18.61 and a high of $41.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VCYT stock was last observed hovering at around $38.24 in the last trading session, with the day’s gains setting it 1.29%.
Currently trading at $39.53, the stock is 12.58% and 17.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 3.37% at the moment leaves the stock 52.44% off its SMA200. VCYT registered 72.24% gain for a year compared to 6-month gain of 67.86%. The firm has a 50-day simple moving average (SMA 50) of $33.5713 and a 200-day simple moving average (SMA200) of $25.863276.
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The stock witnessed a 16.03% loss in the last 1 month and extending the period to 3 months gives it a 21.03%, and is 8.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.26% over the week and 3.66% over the month.
Veracyte Inc (VCYT) has around 815 employees, a market worth around $3.06B and $425.33M in sales. Fwd P/E is 98.82. Profit margin for the company is -2.18%. Distance from 52-week low is 112.41% and -4.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.78%).
The EPS is expected to grow by 129.41% this year
375.0 institutions hold shares in Veracyte Inc (VCYT), with institutional investors hold 103.40% of the company’s shares. The shares outstanding are 77.50M, and float is at 76.33M with Short Float at 4.06%. Institutions hold 102.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.79 million shares valued at $168.88 million. The investor’s holdings represent 10.4241 of the VCYT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.5 million shares valued at $162.46 million to account for 10.0281 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 6.88 million shares representing 9.1977 and valued at over $149.01 million, while ARK INVESTMENT MANAGEMENT LLC holds 9.1082 of the shares totaling 6.81 million with a market value of $147.56 million.
Veracyte Inc (VCYT) Insider Activity
Still, SEC filings show that on Sep 19 ’24, JONES EVAN/ FA (Director) disposed off 5,173 shares at an average price of $35.23 for $0.18 million. The insider now directly holds 0 shares of Veracyte Inc (VCYT).
