Published on 7 Oct 2023 on Simply Wall St. via Yahoo Finance

Swelling losses haven't held back gains for Veracyte (NASDAQ:VCYT) shareholders since they're up...

Veracyte, Inc. (NASDAQ:VCYT) shareholders have seen the share price descend 17% over the month. But that doesn't change the fact that shareholders have received really good returns over the last five years. In fact, the share price is 112% higher today. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend. While the returns over the last 5 years have been good, we do feel sorry for those shareholders who haven't held shares that long, because the share price is down 48% in the last three years.

Since the long term performance has been good but there's been a recent pullback of 3.5%, let's check if the fundamentals match the share price.

View our latest analysis for Veracyte