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After finishing at $25.91 in the prior trading day, Veeco Instruments Inc (NASDAQ: VECO) closed at $23.99, down -7.41%. In other words, the price has decreased by -$7.41 from its previous closing price. On the day, 0.81 million shares were traded. VECO stock price reached its highest trading level at $25.74 during the session, while it also had its lowest trading level at $23.47.
Ratios:
Our goal is to gain a better understanding of VECO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.00. For the most recent quarter (mrq), Quick Ratio is recorded 2.32 and its Current Ratio is at 3.54. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.38.
On July 15, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $45 to $50.
On September 13, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $35.Citigroup initiated its Buy rating on September 13, 2023, with a $35 target price.
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 Jan 10 ’25 when KIERNAN JOHN P sold 2,500 shares for $27.63 per share. The transaction valued at 69,075 led to the insider holds 75,142 shares of the business.
KIERNAN JOHN P bought 2,500 shares of VECO for $69,016 on Jan 10 ’25. On Dec 10 ’24, another insider, KIERNAN JOHN P, who serves as the SVP & CHIEF FINANCIAL OFFICER of the company, sold 2,500 shares for $28.80 each. As a result, the insider received 72,000 and left with 77,642 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 1362109056 and an Enterprise Value of 1464260224. As of this moment, Veeco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.96, and their Forward P/E ratio for the next fiscal year is 14.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 2.065 whereas that against EBITDA is 12.452.
Stock Price History:
The Beta on a monthly basis for VECO is 1.12, which has changed by -0.20276922 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, VECO has reached a high of $49.25, while it has fallen to a 52-week low of $25.52. The 50-Day Moving Average of the stock is -12.35%, while the 200-Day Moving Average is calculated to be -30.75%.
Shares Statistics:
The stock has traded on average 634.47K shares per day over the past 3-months and 626140 shares per day over the last 10 days, according to various share statistics. A total of 56.78M shares are outstanding, with a floating share count of 55.43M. Insiders hold about 2.38% of the company’s shares, while institutions hold 106.28% stake in the company. Shares short for VECO as of 1735603200 were 5346597 with a Short Ratio of 8.43, compared to 1732838400 on 4702254. Therefore, it implies a Short% of Shares Outstanding of 5346597 and a Short% of Float of 13.340001.
