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After finishing at $36.81 in the prior trading day, Veeco Instruments Inc (NASDAQ: VECO) closed at $36.76, down -0.14%. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 0.8 million shares were traded. VECO stock price reached its highest trading level at $37.34 during the session, while it also had its lowest trading level at $36.31.
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 6.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.70. 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:
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 Jul 10 ’24 when KIERNAN JOHN P sold 2,500 shares for $48.46 per share. The transaction valued at 121,138 led to the insider holds 94,809 shares of the business.
KIERNAN JOHN P sold 2,500 shares of VECO for $108,474 on Jun 10 ’24. The SVP & CHIEF FINANCIAL OFFICER now owns 2,167 shares after completing the transaction at $43.39 per share. On May 13 ’24, another insider, St Dennis Thomas, who serves as the Director of the company, sold 4,000 shares for $37.72 each. As a result, the insider received 150,892 and left with 51,861 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 2087409152 and an Enterprise Value of 2096697600. As of this moment, Veeco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.30, and their Forward P/E ratio for the next fiscal year is 17.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 2.92. Its current Enterprise Value per Revenue stands at 2.988 whereas that against EBITDA is 18.931.
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 -14.61%, while the 200-Day Moving Average is calculated to be 3.89%.
Shares Statistics:
The stock has traded on average 779.79K shares per day over the past 3-months and 1176800 shares per day over the last 10 days, according to various share statistics. A total of 56.36M shares are outstanding, with a floating share count of 55.40M. Insiders hold about 2.43% of the company’s shares, while institutions hold 106.03% stake in the company. Shares short for VECO as of 1722384000 were 5066326 with a Short Ratio of 6.50, compared to 1719532800 on 6429730. Therefore, it implies a Short% of Shares Outstanding of 5066326 and a Short% of Float of 12.640001000000002.
