Comparing Veracyte (VCYT) & Its Competitors

Veracyte (NASDAQ: VCYT) is one of 21 publicly-traded companies in the “Medical laboratories” industry, but how does it contrast to its rivals? We will compare Veracyte to similar businesses based on the strength of its dividends, valuation, earnings, institutional ownership, risk, analyst recommendations and profitability.

Analyst Ratings

How to Become a New Pot Stock Millionaire

This is a summary of current recommendations for Veracyte and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Veracyte 0 2 3 0 2.60
Veracyte Competitors 108 455 531 17 2.41

Veracyte presently has a consensus price target of $11.08, indicating a potential upside of 91.03%. As a group, “Medical laboratories” companies have a potential upside of 14.39%. Given Veracyte’s stronger consensus rating and higher probable upside, analysts clearly believe Veracyte is more favorable than its rivals.

Insider & Institutional Ownership

70.5% of Veracyte shares are owned by institutional investors. Comparatively, 50.4% of shares of all “Medical laboratories” companies are owned by institutional investors. 13.4% of Veracyte shares are owned by company insiders. Comparatively, 18.5% of shares of all “Medical laboratories” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Veracyte has a beta of 1.62, meaning that its stock price is 62% more volatile than the S&P 500. Comparatively, Veracyte’s rivals have a beta of 1.23, meaning that their average stock price is 23% more volatile than the S&P 500.

Valuation & Earnings

This table compares Veracyte and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Veracyte $71.95 million -$31.00 million -6.37
Veracyte Competitors $1.13 billion $76.65 million 217.74

Veracyte’s rivals have higher revenue and earnings than Veracyte. Veracyte is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Veracyte and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Veracyte -43.09% -68.43% -36.13%
Veracyte Competitors -118.65% -181.74% -42.76%

Summary

Veracyte beats its rivals on 8 of the 12 factors compared.

Veracyte Company Profile

Veracyte, Inc. operates as a genomic diagnostics company in the United States. The company uses genomic technology to resolve diagnostic uncertainty. It offers Afirma Thyroid FNA Analysis solution; cytopathology testing services; and the Afirma Malignancy Classifiers to manage thyroid nodule patients. The company's products also include Percepta Bronchial Genomic Classifier solution for use in lung cancer screening and diagnosis; and Envisia Genomic Classifier solution for idiopathic pulmonary fibrosis. It sells its products through its product specialists, institutional managers, account managers, and medical science specialists. The company was formerly known as Calderome, Inc. and changed its name to Veracyte, Inc. in March 2008. Veracyte, Inc. was incorporated in 2006 and is headquartered in South San Francisco, California.

Receive News & Ratings for Veracyte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veracyte and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply