Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Veeco Instruments Inc (NASDAQ: VECO) was $23.68 for the day, down -3.82% from the previous closing price of $24.62. In other words, the price has decreased by -$3.82 from its previous closing price. On the day, 1.18 million shares were traded. VECO stock price reached its highest trading level at $24.555 during the session, while it also had its lowest trading level at $23.37.
Ratios:
Our analysis of VECO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.57. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 10 ’25 when KIERNAN JOHN P sold 2,500 shares for $24.51 per share. The transaction valued at 61,275 led to the insider holds 72,642 shares of the business.
KIERNAN JOHN P bought 2,500 shares of VECO for $61,216 on Feb 10 ’25. On Jan 10 ’25, another insider, KIERNAN JOHN P, who serves as the SVP & CHIEF FINANCIAL OFFICER of the company, sold 2,500 shares for $27.63 each. As a result, the insider received 69,075 and left with 75,142 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 1344507776 and an Enterprise Value of 1337644800. As of this moment, Veeco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.73, and their Forward P/E ratio for the next fiscal year is 14.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 1.886 whereas that against EBITDA is 11.375.
Stock Price History:
The Beta on a monthly basis for VECO is 1.22, which has changed by -0.3025496 over the last 52 weeks, in comparison to a change of 0.21313763 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 $23.24. The 50-Day Moving Average of the stock is -12.00%, while the 200-Day Moving Average is calculated to be -30.55%.
Shares Statistics:
VECO traded an average of 621.41K shares per day over the past three months and 645210 shares per day over the past ten days. A total of 56.78M shares are outstanding, with a floating share count of 54.89M. Insiders hold about 3.32% of the company’s shares, while institutions hold 107.55% stake in the company. Shares short for VECO as of 1738281600 were 6659619 with a Short Ratio of 9.66, compared to 1735603200 on 5346597. Therefore, it implies a Short% of Shares Outstanding of 6659619 and a Short% of Float of 16.620001000000002.
