Veeco Instruments Inc. (NASDAQ:VECO) went up by 13.77% from its latest closing price compared to the recent 1-year high of $19.21. The company’s stock price has collected 3.29% of gains in the last five trading sessions. Press Release reported on 08/12/20 that Leading European Research Institute Chooses Veeco MOCVD Platform for Wireless and Broadband Communication Applications
Is It Worth Investing in Veeco Instruments Inc. (NASDAQ :VECO) Right Now?
Plus, the 36-month beta value for VECO is at 1.19. Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for Veeco Instruments Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $18.20, which is $5.18 above the current price. VECO currently public float of 48.16M and currently shorts hold a 6.46% ratio of that float. Today, the average trading volume of VECO was 559.92K shares.
VECO’s Market Performance
VECO stocks went up by 3.29% for the week, with a monthly drop of -19.85% and a quarterly performance of -16.09%, while its annual performance rate touched -3.17%. The volatility ratio for the week stands at 4.32% while the volatility levels for the past 30 days are set at 4.79% for Veeco Instruments Inc.. The simple moving average for the period of the last 20 days is 5.19% for VECO stocks with a simple moving average of -1.93% for the last 200 days.
Analysts’ Opinion of VECO
Many brokerage firms have already submitted their reports for VECO stocks, with Goldman repeating the rating for VECO by listing it as a “Buy.” The predicted price for VECO in the upcoming period, according to Goldman is $16 based on the research report published on September 16th of the current year 2020.
Oppenheimer, on the other hand, stated in their research note that they expect to see VECO reach a price target of $18. The rating they have provided for VECO stocks is “Outperform” according to the report published on June 5th, 2020.
Stifel gave a rating of “ Buy” to VECO, setting the target price at $18 in the report published on March 3rd of the current year.
VECO Trading at -2.93% from the 50-Day Moving Average
After a stumble in the market that brought VECO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.85% of loss for the given period.
Volatility was left at 4.79%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares sank -3.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.84% lower at present.
During the last 5 trading sessions, VECO rose by +15.29%, which changed the moving average for the period of 200-days by -7.45% in comparison to the 20-day moving average, which settled at $11.87. In addition, Veeco Instruments Inc. saw -25.09% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at VECO starting from Munch Mark Robert, who sold 2,761 shares at the price of $37.65 back on Feb 19. After this action, Munch Mark Robert now owns 47,188 shares of Veeco Instruments Inc., valued at $103,952 using the latest closing price.
SIMONE PETER J, the Director of Veeco Instruments Inc., sold 4,549 shares at $16.46 during a trade that took place back on Nov 06, which means that SIMONE PETER J is holding 36,757 shares at $74,896 based on the most recent closing price.
Stock Fundamentals for VECO
Current profitability levels for the company are sitting at:
- -6.96 for the present operating margin
- +33.65 for the gross margin
The net margin for Veeco Instruments Inc. stands at -18.78. The total capital return value is set at -4.13, while invested capital returns managed to touch -11.17. Equity return is now at value -13.80, with -6.30 for asset returns.
Based on Veeco Instruments Inc. (VECO), the company’s capital structure generated 83.99 points at debt to equity in total, while total debt to capital is 45.65. Total debt to assets is 38.45, with long-term debt to equity ratio resting at -1.32. Finally, the long-term debt to capital ratio is 82.87.
When we switch over and look at the enterprise to sales, we see a ratio of 1.83, with the company’s debt to enterprise value settled at 0.41. The receivables turnover for the company is 5.66 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.02.