Veracyte Inc (NASDAQ: VCYT) stock closed at $27.05 on 8/7/24 after a major increase of 24.0%. Moreover, exceptionally high trading volume at 475% of normal accompanied the advance. The stock has risen 14.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, VCYT is expected to continue to be a modest Value Eraser.
Veracyte has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Veracyte has a poor Appreciation Score of 30 and a poor Power Rating of 26, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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