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Veracyte, Inc is a biotechnology business based in the US. Veracyte shares (VCYT.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $42.82 – an increase of 3.28% over the previous week. Veracyte employs 354 staff and has a trailing 12-month revenue of around $112.5 million.
Since the stock market crash in March caused by coronavirus, Veracyte's share price has had significant positive movement.
Its last market close was $42.82, which is 41.06% up on its pre-crash value of $25.24 and 208.06% up on the lowest point reached during the March crash when the shares fell as low as $13.9.
If you had bought $1,000 worth of Veracyte shares at the start of February 2020, those shares would have been worth $625.30 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,589.05.
|Latest market close||$42.82|
|52-week range||$13.9 - $44.64|
|50-day moving average||$34.4097|
|200-day moving average||$29.4707|
|Wall St. target price||$37.4|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.288|
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.
|1 week (2020-11-27)||-19.51%|
|1 month (2020-11-05)||1.93%|
|3 months (2020-09-04)||34.95%|
|6 months (2020-06-05)||64.38%|
|1 year (2019-12-05)||42.78%|
|2 years (2018-12-04)||254.76%|
|3 years (2017-12-05)||574.33%|
|5 years (2015-12-04)||512.59%|
|Revenue TTM||USD$112.5 million|
|Gross profit TTM||USD$83.8 million|
|Return on assets TTM||-7.55%|
|Return on equity TTM||-13.73%|
|Market capitalisation||USD$2.4 billion|
TTM: trailing 12 months
There are currently 3.5 million Veracyte shares held short by investors – that's known as Veracyte's "short interest". This figure is 0.7% down from 3.5 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) is the quantity of Veracyte shares currently shorted divided by the average quantity of Veracyte shares traded daily (recently around 444928.00511509). Veracyte's SIR currently stands at 7.82. In other words for every 100,000 Veracyte shares traded daily on the market, roughly 7820 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 0.06% of the outstanding shares (for every 100,000 Veracyte shares in existence, roughly 60 shares are currently held short) or 0.0611% of the tradable shares (for every 100,000 tradable Veracyte shares, roughly 61 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly 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.
We're not expecting Veracyte to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Over the last 12 months, Veracyte's shares have ranged in value from as little as $13.9 up to $44.64. A popular way to gauge a stock's volatility is its "beta".
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 0.6233. This would suggest that Veracyte's shares are less volatile than average (for this exchange).
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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