This trade activity should not be overlooked: Veracyte Inc (VCYT)

With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $37.3 whereas the lowest price it dropped to was $35.73. The 52-week range on VCYT shows that it touched its highest point at $41.43 and its lowest point at $18.61 during that stretch. It currently has a 1-year price target of $43.00. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VCYT was down-trending over the past week, with a drop of -5.61%, but this was up by 6.59% over a month. Three-month performance surged to 15.84% while six-month performance rose 64.62%. The stock gained 48.56% in the past year, while it has gained 33.44% so far this year. A look at the trailing 12-month EPS for VCYT yields -0.14 with Next year EPS estimates of 0.60. For the next quarter, that number is 0.11. This implies an EPS growth rate of 135.29% for this year and 67.30% for next year.

Float and Shares Shorts:

At present, 77.50 million VCYT shares are outstanding with a float of 76.31 million shares on hand for trading. On 2024-10-31, short shares totaled 3.1 million, which was 400.0 higher than short shares on 1727654400. In addition to Mr. Marc A. Stapley as the firm’s CEO & Director, Ms. Rebecca Chambers serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 1.0441899 of VCYT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, VCYT reported revenue of $115860000.0 and operating income of $12670000.0. The EBITDA in the recently reported quarter was $21425000.0 and diluted EPS was $0.19.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VCYT since 0 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VCYT analysts setting a high price target of 50.0 and a low target of 28.0, the average target price over the next 12 months is 42.77778. Based on these targets, VCYT could surge 36.2% to reach the target high and fall by -23.73% to reach the target low. Reaching the average price target will result in a growth of 16.53% from current levels.

The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is -$0.03. The average estimate for the next quarter is thus $0.17.