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The closing price of Veeco Instruments Inc (NASDAQ: VECO) was $30.06 for the day, down -0.92% from the previous closing price of $30.34. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 0.73 million shares were traded. VECO stock price reached its highest trading level at $30.39 during the session, while it also had its lowest trading level at $29.41.
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 5.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 60.27. 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:
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 Sep 10 ’24 when KIERNAN JOHN P sold 2,500 shares for $29.04 per share. The transaction valued at 72,598 led to the insider holds 85,142 shares of the business.
John Kiernan bought 7,500 shares of VECO for $221,550 on Sep 10 ’24. On Aug 12 ’24, another insider, KIERNAN JOHN P, who serves as the SVP & CHIEF FINANCIAL OFFICER of the company, sold 2,500 shares for $36.48 each. As a result, the insider received 91,208 and left with 87,642 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 1706951040 and an Enterprise Value of 1716239232. As of this moment, Veeco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.51, and their Forward P/E ratio for the next fiscal year is 14.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 2.446 whereas that against EBITDA is 15.496.
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 -22.47%, while the 200-Day Moving Average is calculated to be -17.08%.
Shares Statistics:
VECO traded an average of 899.74K shares per day over the past three months and 1081860 shares per day over the past ten days. A total of 56.36M shares are outstanding, with a floating share count of 55.42M. Insiders hold about 2.41% of the company’s shares, while institutions hold 108.09% stake in the company. Shares short for VECO as of 1723680000 were 5255960 with a Short Ratio of 6.47, compared to 1721001600 on 5942725. Therefore, it implies a Short% of Shares Outstanding of 5255960 and a Short% of Float of 13.11.
