Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Veeco Instruments Inc (NASDAQ: VECO) closed the day trading at $33.65 down -2.35% from the previous closing price of $34.46. In other words, the price has decreased by -$2.35 from its previous closing price. On the day, 0.53 million shares were traded. VECO stock price reached its highest trading level at $34.48 during the session, while it also had its lowest trading level at $33.62.
Ratios:
For a better understanding of VECO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.06 and its Current Ratio is at 3.24. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on September 13, 2023, initiated with a Buy rating and assigned the stock a target price of $35.
On September 01, 2023, Needham started tracking the stock assigning a Buy rating and target price of $35.
Barclays Downgraded its Overweight to Equal Weight on January 23, 2023, whereas the target price for the stock was revised from $19 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 ’24 when Miller William John sold 24,201 shares for $35.30 per share. The transaction valued at 854,392 led to the insider holds 545,091 shares of the business.
Devasahayam Adrian sold 5,000 shares of VECO for $170,500 on Mar 14 ’24. The SVP – PRODUCT LINE DEVELOPMENT now owns 67,278 shares after completing the transaction at $34.10 per share. On Mar 13 ’24, another insider, Wilkerson Susan, who serves as the SVP, GLOBAL SALES & SERVICE of the company, sold 2,519 shares for $34.54 each. As a result, the insider received 87,006 and left with 41,557 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VECO now has a Market Capitalization of 1894919040 and an Enterprise Value of 1901799424. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 2.854 whereas that against EBITDA is 20.039.
Stock Price History:
Over the past 52 weeks, VECO has reached a high of $37.75, while it has fallen to a 52-week low of $17.70. The 50-Day Moving Average of the stock is -4.00%, while the 200-Day Moving Average is calculated to be 12.42%.
Shares Statistics:
Over the past 3-months, VECO traded about 487.21K shares per day on average, while over the past 10 days, VECO traded about 570250 shares per day. A total of 56.36M shares are outstanding, with a floating share count of 54.93M. Insiders hold about 2.46% of the company’s shares, while institutions hold 104.42% stake in the company. Shares short for VECO as of 1711584000 were 6682757 with a Short Ratio of 13.72, compared to 1709164800 on 6394151. Therefore, it implies a Short% of Shares Outstanding of 6682757 and a Short% of Float of 16.870001000000002.
Earnings Estimates
At present, Victorias Secret & Co. analysts are actively evaluating the performance of Veeco Instruments Inc (VECO) in the stock market.The consensus estimate for the next quarter is $238.93, with high estimates of $30.07 and low estimates of $25.12.
