VCYT Stock Summary and Trading Ideas (Veracyte | NASDAQ:VCYT)

Veracyte Inc is a genomic diagnostics company. It provides genomic diagnostic products and services to improve patient care against diseases such as thyroid cancer, lung cancer, and idiopathic pulmonary fibrosis. The firm's product portfolio consists of products such as Afirma analysis, Percepta, Envisia, and others.

Veracyte trades on the NASDAQ stock market under the symbol VCYT.

As of April 18, 2024, VCYT stock price climbed to $19.20 with 762,281 million shares trading.

VCYT has a beta of 2.61, meaning it tends to be more sensitive to market movements. VCYT has a correlation of 0.40 to the broad based SPY ETF.

VCYT has a market cap of $1.40 billion. This is considered a Small Cap stock.

Last quarter Veracyte reported $98 million in Revenue and $.05 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.14.

In the last 3 years, VCYT stock traded as high as $54.13 and as low as $14.85.

The top ETF exchange traded funds that VCYT belongs to (by Net Assets): ARKK, VTI, XBI, VB, ARKG.

VCYT has underperformed the market in the last year with a price return of -16.4% while the SPY ETF gained +22.3%. VCYT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.0% and -6.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

VCYT support price is $18.28 and resistance is $19.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VCYT stock will trade within this expected range on the day.