Veracyte Inc (NASDAQ: VCYT) stock enjoyed a major increase of 13.1% on 1/8/24. The shares closed at $29.10. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
VCYT’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Veracyte has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Veracyte has a slightly negative Appreciation Score of 32 but a slightly positive Power Rating of 65, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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