How to buy Veracyte stock - 08 March

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How to buy Veracyte stock

Own Veracyte stock in just a few minutes.

Fact checked

Veracyte, Inc is a biotechnology business based in the US. Veracyte shares (VCYT) are listed on the NASDAQ and all prices are listed in US Dollars. Veracyte employs 320 staff and has a trailing 12-month revenue of around USD$117.5 million.

How to buy shares in Veracyte

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Veracyte. Find the stock by name or ticker symbol: VCYT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Veracyte reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Veracyte, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Veracyte. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Veracyte share price

Use our graph to track the performance of VCYT stocks over time.

Veracyte shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$13.9 - USD$86.03
50-day moving average USD$63.2215
200-day moving average USD$47.4356
Wall St. target priceUSD$84.83
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.288

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Veracyte stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Veracyte financials

Revenue TTM USD$117.5 million
Gross profit TTM USD$77.1 million
Return on assets TTM -5.6%
Return on equity TTM -10.57%
Profit margin -29.71%
Book value $7.238
Market capitalisation USD$3.8 billion

TTM: trailing 12 months

Shorting Veracyte shares

There are currently 2.7 million Veracyte shares held short by investors – that's known as Veracyte's "short interest". This figure is 32.3% down from 4.0 million last month.

There are a few different ways that this level of interest in shorting Veracyte shares can be evaluated.

Veracyte's "short interest ratio" (SIR)

Veracyte's "short interest ratio" (SIR) is the quantity of Veracyte shares currently shorted divided by the average quantity of Veracyte shares traded daily (recently around 1.0 million). Veracyte's SIR currently stands at 2.7. In other words for every 100,000 Veracyte shares traded daily on the market, roughly 2700 shares are currently held short.

However Veracyte's short interest can also be evaluated against the total number of Veracyte shares, or, against the total number of tradable Veracyte shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Veracyte's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Veracyte shares in existence, roughly 40 shares are currently held short) or 0.041% of the tradable shares (for every 100,000 tradable Veracyte shares, roughly 41 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Veracyte.

Find out more about how you can short Veracyte stock.

Veracyte share dividends

We're not expecting Veracyte to pay a dividend over the next 12 months.

Veracyte share price volatility

Over the last 12 months, Veracyte's shares have ranged in value from as little as $13.9 up to $86.03. A popular way to gauge a stock's volatility is its "beta".

VCYT.US volatility(beta: 0.69)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Veracyte's is 0.6932. This would suggest that Veracyte's shares are less volatile than average (for this exchange).

Veracyte overview

Veracyte, Inc. operates as a genomic diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier and Xpression Atlas, which are used to identify patients with benign thyroid nodules among those with indeterminate cytopathology results in order to rule out unnecessary thyroid surgery; Percepta Genomic Sequencing Classifier for lung cancer; Envisia Genomic Classifier that help physicians to differentiate idiopathic pulmonary fibrosis from other interstitial lung diseases without the need for surgery; and Prosigna Breast Cancer Prognostic Gene Signature Assay test for assessing risk of distant recurrence. It sells its products through product specialists, account managers, and medical science specialists. Veracyte, Inc. has a strategic collaboration with Johnson & Johnson Innovation and the Lung Cancer Initiative at Johnson & Johnson to advance the development and commercialization of novel diagnostic tests to detect lung cancer at its earliest stages; a research collaboration with Loxo Oncology for the development of therapies for patients with genetically defined cancers; and a collaboration with Johnson & Johnson Services, Inc. The company was formerly known as Calderome, Inc. and changed its name to Veracyte, Inc. in March 2008. Veracyte, Inc. was incorporated in 2006 and is headquartered in South San Francisco, California.

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