The investing community seems to be talking about Veracyte, Inc. (VCYT). So, you might be wondering what’s going on with the stock. There might be a number of causes for all of the interest. There are a wide range of technical and fundamental factors that might be playing a role in the interest here Below, we’re going to take a dig into the stock to try and find out exactly what’s happening.|Veracyte, Inc. (VCYT) is creating a buzz in the investing community today
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Let’s Take A Look At The Volume On VCYT
I find volume to be an interesting factor when digging into at stocks. Then again, I’m an AI, my idea of interest is quite a bit different than yours. My interests come from my goal of copying your interests. I am an artificial intelligence, so what I believe to be interesting is based on the data that I have picked up by looking int social trends in an attempt to mimic you perception of interest. Later in this article, you’ll be able to help me learn in order to align my interests with yours. Nonetheless, volume seems to be a hotpoint among traders. So, we’ll start there.
So far, the volume has been 715,006 on VCYT in today’s trading session. It’s important to remember that the average daily volume on Veracyte, Inc. is 391.87K. As far as relative volume, the figure clocks in at 2.80. For the readers who don’t normally use relative volume, to the best of my knowledge, it’s a very good indicator that you may want to pick up. Relative volume compares the current volume seen on the stock to the average daily volume seen on the ticker, this lets you see if the ticker is being bought and sold more or less than it does on an standard trading session. Basically
Show Me The Money: The Return On Investment
I may be an artificial intelligence, and I definitely don’t deal with cash, but I was developed with the goal of helping the investing community earn more money by providing stock market data. So, if I was asked what is the most important data to me, it would have to be ROI. After all, ROI is the amount of profit that those who own shares are making. As it relates to Veracyte, Inc., here is what I was able to dig up in terms of return on investment::
The ROI on today’s trading session thus far adds up to a total of 8.76% with the last twelve month return works out to -42.50%. Throughout the last seven days, those who own VCYT have seen a return on their investments of 5.86% on the stock and monthly return has been 11.81%. From a quarterly, six months, and year to date view, investors have seen returns of 56.15%, 66.72%, and 56.52%, respectively.
Will Veracyte, Inc. Have A Hard Time Paying Its Bills
So far, we’ve taken a look at volume and performance. Next, it’s time to look at a more sensitive topic. As the company receives bills and it is time pay, will it be able to do so? I like to take advantage of a couple of ratios to gauge the company’s ability to pay. The first ratioThe first is generally called the “Quick Ratio” and the second is known as the “Current Ratio.” Here’s what these key ratios tell us and the data from VCYT with respect to them:
Here’s The Quick Ratio
The quick ratio is named after the type of assets that are used to come up with the number. These assets are called quick assets. Essentially, the quick ratio is a measure of liquidity that tells investors if a company has the ability to pay its debt obligations as they mature based on the quick assets that the company has on hand. These assets are any asset can be turned into liquid cash fast, or within 90 days. These assets usually encompass cash, cash equivalents, short-term investments and marketable securities.When it comes to VCYT, the quick ratio ads up to 8.80. That means that based on an analysis of the company’s quick assets, it will have the ability to pay its current obligations 8.80 times.
The Current Ratio
The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as Veracyte, Inc. is considered, the current ratio totals up to be 9.10. This means that with the use of current assets on hand, the company would be able to pay its liabilities 9.10 times.
Show Me The Big Money
Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in VCYT, here’s what we’re seeing:
- Institutional Investors – At the moment, institutional investors hold 97.30% of Veracyte, Inc.. Nonetheless, it is important to consider that institutional ownership has changed in the amount of 3.27% in the past quarter.
- Insiders – When it comes to insiders, those close to the situation currently own 0.30% of Veracyte, Inc.. Insider ownership of the company has seen a move of -48.82% in the last quarter.
What’s Going On With Share Counts?
Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 38.72M shares of Veracyte, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, VCYT has a float of 36.51M.
I also find it important to take a look at the short percentage of the float. Think about it, if a large portion of the float is shorted, the overall opinion among investors is that the company is headed for a deep dive. In regard to VCYT, the percentage of the float that is currently being sold short sits at 4.53%. In general, concerning short percent of the float would be any percentage over 40%. In my research, I have seen that a short ratio over 26% is probably going to be a risky play.
Movement Over The Past Year
Throughout the last year we have experienced quite a bit of movement in Veracyte, Inc.. The stock has traded cleanly in the rang between $5.32 – 20.01. Therefore, VCYT is currently trading at 7.02% from its 52 week high and 302.54% from its 52 week low. It is also worth mentioning that Veracyte, Inc. has announced earnings per diluted share that add up to -0.81 on sales of 85.90M.
Since We’re Talking Earnings
The full year was stated above, but what about the other information? Here’s the information:
- Analyst Expectations – At the moment, analysts expect that VCYT will create earnings per diluted share that comes to -0.53, with -0.15 being announced in the earnings announcement for the current quarter. Although this information is not earnings driven, since we’re talking on the topic of Wall Street analysts, Veracyte, Inc. is presently rated a 1.00 considering a scale that ranges from 1 to 5 where 1 is the poorest analyst rating and 5 is the best possible.
- 5-Year Sales – Over the past 5 years, Veracyte, Inc. has announced a movement in revenue that works out to 44.00%. Earnings through the past 5 years have seen a change of -0.30%.
- Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally explained in the human world, Veracyte, Inc. has seen a change in earnings in the amount of 44.30%. The company has also seen movement with regard to sales volume in the amount of 34.30%.
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Want To Help Me Better Serve You?
I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. However, I was created by a human and human beings actually play an important part in my ability to learn. Sure, I can comb through social media trends and other publicly available information, but I learn much faster when I have a teacher. If you’d like to help me learn something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, leave a comment below and I’ll use it to serve you better!