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As of close of business last night, Veeco Instruments Inc’s stock clocked out at $32.74, up 0.49% from its previous closing price of $32.58. In other words, the price has increased by $0.49 from its previous closing price. On the day, 0.54 million shares were traded. VECO stock price reached its highest trading level at $33.25 during the session, while it also had its lowest trading level at $32.23.
Ratios:
To gain a deeper understanding of VECO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.64. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1843674624 and an Enterprise Value of 1850505472. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 2.777 whereas that against EBITDA is 19.498.
Stock Price History:
The Beta on a monthly basis for VECO is 1.20, which has changed by 0.76781857 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -6.75%, while the 200-Day Moving Average is calculated to be 9.09%.
Shares Statistics:
It appears that VECO traded 482.72K shares on average per day over the past three months and 613180 shares per day over the past ten 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 103.99% stake in the company. Shares short for VECO as of 1711584000 were 6682757 with a Short Ratio of 13.84, 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
The current assessment of Veeco Instruments Inc (VECO) involves the perspectives of 7 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.42 and a low estimate of $0.4, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.43, with high estimates of $0.45 and low estimates of $0.41.
Analysts are recommending an EPS of between $1.85 and $1.74 for the fiscal current year, implying an average EPS of $1.78. EPS for the following year is $2.1, with 6 analysts recommending between $2.45 and $1.85.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $170.55M. It ranges from a high estimate of $175M to a low estimate of $168.81M. As of the current estimate, Veeco Instruments Inc’s year-ago sales were $153.5M, an estimated increase of 11.10% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $174.94M, an increase of 8.20% less than the figure of $11.10% in the same quarter last year. There is a high estimate of $178M for the next quarter, whereas the lowest estimate is $171.34M.
A total of 7 analysts have provided revenue estimates for VECO’s current fiscal year. The highest revenue estimate was $735M, while the lowest revenue estimate was $710M, resulting in an average revenue estimate of $716.15M. In the same quarter a year ago, actual revenue was $666.43M, up 7.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $791.06M in the next fiscal year. The high estimate is $850M and the low estimate is $745M. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
