Veracyte Inc (NASDAQ:VCYT) concluded the trading at $31.19 on current market day with a fall of -4.18% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $32.55 and 5Y monthly beta was reading 1.644 with its price kept floating in the range of $31.03 and $32.7199 on the day. Considering stock’s 52-week price range provides that VCYT hit a high price of $32.86 and saw its price falling to a low level of $18.61 during that period. Over a period of past 1-month, stock came adding 22.03% in its value.
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In contrast, when we review VCYT stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the VCYT stock which is currently positioned at 0. It further provides that stock’s current price level is 25.52% away from its 20-day simple moving average and is 35.28% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 69.55 while volatility remained at 6.71% over the past week which changes to 6.41% when measuring it over the past month. Beta is valued at 1.57, while measure of average true range or ATR is currently at 1.84. In predicting price targets of as low as $26 and as high as $26, analysts are in agreement on assigning the stock over the next 12 months average price target of $26. Stock’s current price level is 16.64% above from estimated low price target while it is 16.64% below the estimated high; and even if the VCYT’s share succeeded to reach the median price of $26, then the outlook of 16.64% could come to the excitement of the investors.
Having a second look at Veracyte Inc (NASDAQ:VCYT) provides that stock’s average daily trading volume for 3 months was 929.34K, while it jumped to 1712490 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 76.81 million.
The percentage of outstanding shares held by the insiders is 1.56% while it is 104.11% for the institutional holders. The figures also indicate that as of 2024-07-31, number of stock’s short shares was 2.96 million which implies a short ratio of 3.8. This shows up a 430.00 of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 2.91 million in the previous month. Addition of 13.38% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
