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In the latest session, Veeco Instruments Inc (NASDAQ: VECO) closed at $30.48 down -0.29% from its previous closing price of $30.57. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 0.79 million shares were traded. VECO stock price reached its highest trading level at $31.1 during the session, while it also had its lowest trading level at $30.25.
Ratios:
For a deeper understanding of Veeco Instruments Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.11. For the most recent quarter (mrq), Quick Ratio is recorded 2.23 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.40.
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 the company, Citigroup on July 15, 2024, Downgraded its rating to Neutral and sets its target price to $50 from $45 previously.
On September 13, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $35.
On September 01, 2023, Needham started tracking the stock assigning a Buy rating and target price of $35.Needham initiated its Buy rating on September 01, 2023, with a $35 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 10 ’24 when KIERNAN JOHN P sold 2,500 shares for $32.63 per share. The transaction valued at 81,575 led to the insider holds 82,642 shares of the business.
KIERNAN JOHN P sold 2,500 shares of VECO for $72,598 on Sep 10 ’24. The SVP & CHIEF FINANCIAL OFFICER now owns 85,142 shares after completing the transaction at $29.04 per share. On Sep 10 ’24, another insider, John Kiernan, who serves as the Officer of the company, bought 7,500 shares for $29.54 each.
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 1730800640 and an Enterprise Value of 1740088832. As of this moment, Veeco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.81, and their Forward P/E ratio for the next fiscal year is 14.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 15.712.
Stock Price History:
Over the past 52 weeks, VECO has reached a high of $49.25, while it has fallen to a 52-week low of $23.63. The 50-Day Moving Average of the stock is -8.60%, while the 200-Day Moving Average is calculated to be -16.62%.
Shares Statistics:
For the past three months, VECO has traded an average of 852.12K shares per day and 722200 over the past ten days. A total of 56.36M shares are outstanding, with a floating share count of 55.42M. Insiders hold about 2.40% of the company’s shares, while institutions hold 108.09% stake in the company. Shares short for VECO as of 1727654400 were 5729503 with a Short Ratio of 6.72, compared to 1724976000 on 5825444. Therefore, it implies a Short% of Shares Outstanding of 5729503 and a Short% of Float of 14.29.
