The 36-month beta value for VECO is at 1.19. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for VECO is 54.93M, and currently, shorts hold a 12.18% of that float. The average trading volume for VECO on April 10, 2024 was 509.85K shares.
VECO) stock’s latest price update
The stock price of Veeco Instruments Inc (NASDAQ: VECO) has surged by 3.82 when compared to previous closing price of 35.63, but the company has seen a 6.54% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-05 that Does Veeco Instruments (VECO) have what it takes to be a top stock pick for momentum investors? Let’s find out.
VECO’s Market Performance
Veeco Instruments Inc (VECO) has experienced a 6.54% rise in stock performance for the past week, with a 3.24% rise in the past month, and a 28.26% rise in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 2.93% for VECO. The simple moving average for the last 20 days is 6.42% for VECO stock, with a simple moving average of 25.21% for the last 200 days.
Analysts’ Opinion of VECO
Many brokerage firms have already submitted their reports for VECO stocks, with Citigroup repeating the rating for VECO by listing it as a “Buy.” The predicted price for VECO in the upcoming period, according to Citigroup is $35 based on the research report published on September 13, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see VECO reach a price target of $35. The rating they have provided for VECO stocks is “Buy” according to the report published on September 01st, 2023.
Barclays gave a rating of “Equal Weight” to VECO, setting the target price at $20 in the report published on January 23rd of the previous year.
VECO Trading at 7.13% 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 -2.01% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.99% upper at present.
During the last 5 trading sessions, VECO rose by +6.54%, which changed the moving average for the period of 200-days by +48.49% in comparison to the 20-day moving average, which settled at $34.87. In addition, Veeco Instruments Inc saw 19.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VECO starting from Miller William John, who sale 24,201 shares at the price of $35.30 back on Mar 21 ’24. After this action, Miller William John now owns 545,091 shares of Veeco Instruments Inc, valued at $854,392 using the latest closing price.
Devasahayam Adrian, the SVP – PRODUCT LINE DEVELOPMENT of Veeco Instruments Inc, sale 5,000 shares at $34.10 during a trade that took place back on Mar 14 ’24, which means that Devasahayam Adrian is holding 67,278 shares at $170,500 based on the most recent closing price.
Stock Fundamentals for VECO
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.42 for the gross margin
The net margin for Veeco Instruments Inc stands at -0.05. The total capital return value is set at 0.07. Equity return is now at value -4.86, with -2.58 for asset returns.
Based on Veeco Instruments Inc (VECO), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 7.2.
Currently, EBITDA for the company is 97.03 million with net debt to EBITDA at 1.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.35. The receivables turnover for the company is 5.23for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
In conclusion, Veeco Instruments Inc (VECO) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
