Veracyte Inc (NASDAQ: VCYT) is -22.12% lower on its value in year-to-date trading and has touched a low of $19.73 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 $30.56 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $30.84, the stock is -1.33% and -1.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 0.92% at the moment leaves the stock -11.83% off its SMA200. VCYT registered 51.55% gain for a year compared to 6-month loss of -10.11%.
The stock witnessed a 4.44% gain in the last 1 month and extending the period to 3 months gives it a -31.77%, and is 1.11% 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 3.98% over the week and 5.24% over the month.
Veracyte Inc (VCYT) has around 824 employees, a market worth around $2.42B and $445.76M in sales. Current P/E ratio is 100.62 and Fwd P/E is 44.49. Profit margin for the company is 5.41%. Distance from 52-week low is 56.31% and -34.82% from its 52-week high. The company has generated returns on investments over the last 12 months (1.98%).
The EPS is expected to grow by 61.75% this year
The shares outstanding are 77.77M, and float is at 76.84M with Short Float at 6.65%.
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 10.1819 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 9.7951 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 6.88 million shares representing 8.984 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 Leite John, the company’s Chief Commercial Officer-CLIA. SEC filings show that Leite John sold 7,411 shares of the company’s common stock on Mar 07 ’25 at a price of $31.66 per share for a total of $0.23 million. Following the sale, the insider now owns 0.1 million shares.
Still, SEC filings show that on Mar 04 ’25, ANN MCGUIRE (Officer) Proposed Sale 1,142 shares at an average price of $33.56 for $38326.0. The insider now directly holds shares of Veracyte Inc (VCYT).
