Veeco Instruments Inc. [VECO] is following upward trend in the market concluded with the last trading session. The shares of the Technology sector company has a current value of $13.77 after VECO shares went up by 19.22% during the last trading session. One of the reasons why Technology stocks may go bullish is increased momentum in the press.
Veeco Instruments Inc. [NASDAQ:VECO]: Analyst Rating and Earnings
Pro stock market traders often keep their attention pointed at what top market analysts have to say regarding a potential equity investment. For Veeco Instruments Inc. [VECO] currently, the latest-available mean analyst rating is for the fiscal quarter that will end in 12/30/2019. On average, stock market experts give VECO an Overweight rating. The average 12-month price forecast for this stock is $13.67, with the high estimate being $20.00, the low estimate being $13.00 and the median estimate amounting to $15.50. This is compared to its latest closing price of $11.55.
Wall Street analysts provide their ratings on a scale of 1 to 5, and the current average score for Veeco Instruments Inc. [VECO] is sitting at 5.00. This is compared to 1 month ago, when its average rating was 5.00.
Keep your eyes peeled for this company’s upcoming financial results publication, which is slated for 07/30/2020.
Fundamental Analysis of Veeco Instruments Inc. [VECO]
Now let’s turn to look at profitability: with a current Operating Margin for Veeco Instruments Inc. [VECO] sitting at -9.40% and its Gross Margin at 37.70%, this company’s Net Margin is now -18.80. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is -4.13, and its Return on Invested Capital has reached -11.17. Its Return on Equity is -19.60%, and its Return on Assets is -9.20%. These metrics suggest that this Veeco Instruments Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Veeco Instruments Inc. [VECO] has generated a Total Debt to Total Equity ratio of 83.99. Similarly, its Total Debt to Total Capital is 45.65, while its Total Debt to Total Assets stands at 38.45. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 82.87, and its Long-Term Debt to Total Capital is 45.04.
What about valuation? This company’s Enterprise Value to EBITDA is 86.93 and its Total Debt to EBITDA Value is 57.68. The Enterprise Value to Sales for this firm is now 1.08, and its Total Debt to Enterprise Value stands at 0.41. Veeco Instruments Inc. [VECO] has a Price to Book Ratio of 1.92.
Veeco Instruments Inc. [VECO] has 50.98M shares outstanding, amounting to a total market cap of 588.82M. Its stock price has been found in the range of 7.42 to 19.21. At its current price, it has moved down by -28.32% from its 52-week high, and it has moved up 85.58% from its 52-week low.
This stock’s Beta value is currently 1.31, which indicates that it is 6.26% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 67.68. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Veeco Instruments Inc. [VECO] a Reliable Buy?
Veeco Instruments Inc. [VECO] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.