Veracyte Inc (NASDAQ: VCYT) stock enjoyed a major increase of 13.1% on 7/16/24. The shares closed at $25.56. Moreover, exceptionally high trading volume at 209% of normal accompanied the advance. The stock has risen 17.8% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Veracyte has a poor Appreciation Score of 29 and a very low Power Rating of 4, and the Lowest Value Trend Rating results.
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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