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The price of Veeco Instruments Inc (NASDAQ: VECO) closed at $38.07 in the last session, down -3.11% from day before closing price of $39.29. In other words, the price has decreased by -$3.11 from its previous closing price. On the day, 0.61 million shares were traded. VECO stock price reached its highest trading level at $39.4305 during the session, while it also had its lowest trading level at $37.6877.
Ratios:
We take a closer look at VECO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 3.05. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.41.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2156197120 and an Enterprise Value of 2238549760. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.12 while its Price-to-Book (P/B) ratio in mrq is 3.13. Its current Enterprise Value per Revenue stands at 3.256 whereas that against EBITDA is 20.752.
Stock Price History:
Over the past 52 weeks, VECO has reached a high of $40.30, while it has fallen to a 52-week low of $19.05. The 50-Day Moving Average of the stock is 7.74%, while the 200-Day Moving Average is calculated to be 24.15%.
Shares Statistics:
According to the various share statistics, VECO traded on average about 501.28K shares per day over the past 3-months and 631030 shares per day over the past 10 days. 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 103.79% stake in the company. Shares short for VECO as of 1713139200 were 7054912 with a Short Ratio of 14.07, compared to 1710460800 on 6688735. Therefore, it implies a Short% of Shares Outstanding of 7054912 and a Short% of Float of 17.809999.
