Veracyte Inc (NASDAQ: VCYT). Extremely important negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Veracyte Inc (NASDAQ: VCYT). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Veracyte has a slightly negative Power Rating of 31 and a slightly negative Appreciation Score of 30, and the Lowest Value Trend Rating results.
Recent Price Action
Veracyte Inc (NASDAQ: VCYT) stock declined slightly by -0.8% on 3/15/24. The stock closed at $21.10. Moreover, trading volume in this decline was exceptionally high at 409% of normal. The stock has performed in line with the market over the last nine months and has declined -7.3% during the last week.
Be the first to comment