Veracyte Inc (NASDAQ: VCYT) is -14.55% lower on its value in year-to-date trading and has touched a low of $18.61 and a high of $47.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VCYT stock was last observed hovering at around $35.53 in the last trading session, with the day’s loss setting it -1.69%.
Currently trading at $33.84, the stock is -17.43% and -18.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -4.76% at the moment leaves the stock 3.33% off its SMA200. VCYT registered 43.63% gain for a year compared to 6-month gain of 4.67%.
The stock witnessed a -22.51% loss in the last 1 month and extending the period to 3 months gives it a -14.52%, and is -17.56% down 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 9.44% over the week and 5.99% over the month.
Veracyte Inc (VCYT) has around 815 employees, a market worth around $2.62B and $445.76M in sales. Current P/E ratio is 111.87 and Fwd P/E is 45.12. Profit margin for the company is 5.41%. Distance from 52-week low is 81.84% and -28.48% from its 52-week high. The company has generated returns on investments over the last 12 months (1.98%).
with sales reaching $111.35M over the same period.The EPS is expected to grow by 45.70% this year, but quarterly earnings will post 9.59% year-over-year. Quarterly sales are estimated to grow 14.98% in year-over-year returns.
The shares outstanding are 77.50M, and float is at 76.57M with Short Float at 4.09%.
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 8.8966 of the shares totaling 6.81 million with a market value of $147.56 million.
Veracyte Inc (VCYT) Insider Activity
The most recent transaction is an insider sale by Chambers Rebecca, the company’s Chief Financial Officer. SEC filings show that Chambers Rebecca sold 527 shares of the company’s common stock on Feb 03 ’25 at a price of $43.85 per share for a total of $23109.0. Following the sale, the insider now owns 0.11 million shares.
Veracyte Inc disclosed in a document filed with the SEC on Jan 02 ’25 that EASTHAM KARIN (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $40.30 per share for $0.4 million. Following the transaction, the insider now directly holds 18497.0 shares of the VCYT stock.
Still, SEC filings show that on Jan 02 ’25, KARIN EASTHAM (Director) Proposed Sale 10,000 shares at an average price of $39.60 for $0.4 million. The insider now directly holds shares of Veracyte Inc (VCYT).
