Veracyte Short Long Term Debt vs Net Tangible Assets Analysis
VCYT Stock | USD 20.63 0.51 2.53% |
Veracyte financial indicator trend analysis is much more than just breaking down Veracyte prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veracyte is a good investment. Please check the relationship between Veracyte Short Long Term Debt and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.
Short Long Term Debt vs Net Tangible Assets
Short Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veracyte Short Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Veracyte's Short Long Term Debt and Net Tangible Assets is -0.48. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Veracyte, assuming nothing else is changed. The correlation between historical values of Veracyte's Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Veracyte are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., Veracyte's Short Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Veracyte's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veracyte current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.At this time, Veracyte's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 392.7 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 227.0M | 236.0M | 235.2M | 247.0M | Cost Of Revenue | 74.4M | 101.6M | 137.9M | 144.8M |
Veracyte fundamental ratios Correlations
Click cells to compare fundamentals
Veracyte Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Veracyte fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 275.2M | 457.2M | 1.2B | 1.2B | 1.1B | 1.2B | |
Other Current Liab | 13.7M | 11.7M | 42.4M | 44.0M | 41.2M | 43.2M | |
Total Current Liabilities | 17.5M | 16.8M | 64.2M | 62.6M | 61.2M | 64.3M | |
Total Stockholder Equity | 239.5M | 421.2M | 1.1B | 1.1B | 1.0B | 1.1B | |
Other Liab | 6.1M | 8.4M | 13.1M | 7.6M | 8.7M | 5.6M | |
Property Plant And Equipment Net | 17.7M | 16.8M | 31.1M | 30.9M | 30.9M | 32.4M | |
Net Debt | (145.7M) | (337.0M) | (154.3M) | (139.5M) | (203.8M) | (193.6M) | |
Retained Earnings | (246.7M) | (281.6M) | (357.2M) | (393.7M) | (468.1M) | (444.7M) | |
Accounts Payable | 2.3M | 3.1M | 12.4M | 11.9M | 12.9M | 13.6M | |
Cash | 159.3M | 349.4M | 173.2M | 154.2M | 216.5M | 117.7M | |
Non Current Assets Total | 87.5M | 81.5M | 944.7M | 907.8M | 852.2M | 894.8M | |
Non Currrent Assets Other | 2.0M | 2.0M | (35.1M) | (26.8M) | 6.0M | 6.3M | |
Other Assets | 2.0M | 9.8M | 2.9M | 6.2M | 1.0 | 0.95 | |
Cash And Short Term Investments | 159.3M | 349.4M | 173.2M | 178.9M | 216.5M | 119.7M | |
Net Receivables | 19.3M | 18.5M | 41.5M | 44.0M | 45.1M | 47.3M | |
Common Stock Total Equity | 50K | 58K | 71K | 72K | 82.8K | 86.9K | |
Common Stock Shares Outstanding | 46.1M | 53.2M | 67.9M | 71.5M | 72.6M | 41.6M | |
Liabilities And Stockholders Equity | 275.2M | 457.2M | 1.2B | 1.2B | 1.1B | 1.2B | |
Non Current Liabilities Total | 18.3M | 19.2M | 27.2M | 18.6M | 32.5M | 19.6M | |
Inventory | 6.8M | 4.7M | 11.2M | 14.3M | 16.1M | 16.9M | |
Other Current Assets | 2.2M | 3.2M | 17.2M | 11.5M | 8.0M | 4.6M | |
Other Stockholder Equity | 486.1M | 702.8M | 1.5B | 1.5B | 1.5B | 1.6B | |
Total Liab | 35.8M | 35.9M | 91.3M | 81.2M | 93.7M | 98.4M | |
Property Plant And Equipment Gross | 17.7M | 9.0M | 31.1M | 30.9M | 63.7M | 66.9M | |
Total Current Assets | 187.7M | 375.7M | 243.1M | 248.6M | 285.6M | 148.7M | |
Accumulated Other Comprehensive Income | (12.0M) | 0.0 | (15.1M) | (31.3M) | (24.0M) | (22.8M) | |
Common Stock | 50K | 58K | 71K | 72K | 73K | 42.9K | |
Property Plant Equipment | 8.9M | 9.0M | 31.1M | 30.9M | 35.5M | 37.3M | |
Short Long Term Debt Total | 13.6M | 12.3M | 18.9M | 14.7M | 12.6M | 16.3M | |
Net Tangible Assets | 171.7M | 358.6M | 185.9M | 379.3M | 436.2M | 458.0M | |
Long Term Debt | 25.2M | 23.9M | 694K | 810K | 931.5K | 884.9K | |
Retained Earnings Total Equity | (246.7M) | (281.6M) | (357.2M) | (393.7M) | (354.3M) | (372.1M) | |
Long Term Debt Total | 25.2M | 23.9M | 694K | 810K | 931.5K | 884.9K | |
Capital Surpluse | 486.1M | 702.8M | 1.5B | 1.5B | 1.7B | 1.8B | |
Deferred Long Term Liab | 4.2M | 3.9M | 5.6M | 4.5M | 5.2M | 4.3M | |
Intangible Assets | 65.0M | 59.9M | 202.7M | 174.9M | 88.6M | 66.2M | |
Short Term Debt | 1.4M | 1.6M | 4.8M | 4.1M | 5.1M | 6.3M |
Veracyte Investors Sentiment
The influence of Veracyte's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Veracyte. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Veracyte's public news can be used to forecast risks associated with an investment in Veracyte. The trend in average sentiment can be used to explain how an investor holding Veracyte can time the market purely based on public headlines and social activities around Veracyte. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Veracyte's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Veracyte's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Veracyte's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Veracyte.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Veracyte in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Veracyte's short interest history, or implied volatility extrapolated from Veracyte options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Veracyte is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Veracyte Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Veracyte Stock. Highlighted below are key reports to facilitate an investment decision about Veracyte Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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When running Veracyte's price analysis, check to measure Veracyte's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veracyte is operating at the current time. Most of Veracyte's value examination focuses on studying past and present price action to predict the probability of Veracyte's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veracyte's price. Additionally, you may evaluate how the addition of Veracyte to your portfolios can decrease your overall portfolio volatility.
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Is Veracyte's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veracyte. If investors know Veracyte will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veracyte listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.93) | Revenue Per Share 5.123 | Quarterly Revenue Growth 0.175 | Return On Assets (0.01) | Return On Equity (0.06) |
The market value of Veracyte is measured differently than its book value, which is the value of Veracyte that is recorded on the company's balance sheet. Investors also form their own opinion of Veracyte's value that differs from its market value or its book value, called intrinsic value, which is Veracyte's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veracyte's market value can be influenced by many factors that don't directly affect Veracyte's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veracyte's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veracyte is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veracyte's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.