Veeco Instruments Inc [VECO] stock is trading at $36.01, down -3.74%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VECO shares have gain 3.48% over the last week, with a monthly amount glided 4.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veeco Instruments Inc [NASDAQ: VECO] stock has seen the most recent analyst activity on September 13, 2023, when Citigroup initiated its Buy rating and assigned the stock a price target of $35. Previously, Needham started tracking the stock with Buy rating on September 01, 2023, and set its price target to $35. On January 23, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $20 on the stock. Northland Capital reiterated its Outperform rating but stick to its price target of $32 on December 28, 2021. Goldman downgraded its rating to a Neutral and reduced its price target to $26 on September 13, 2021. Barclays started tracking with a Overweight rating for this stock on September 17, 2020, and assigned it a price target of $15. In a note dated September 16, 2020, Goldman upgraded an Buy rating on this stock and boosted its target price from $13.50 to $16.
Veeco Instruments Inc [VECO] stock has fluctuated between $17.70 and $37.75 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Veeco Instruments Inc [NASDAQ: VECO] shares were valued at $36.01 at the most recent close of the market. An investor can expect a potential drop of -33.35% based on the average VECO price forecast.
Analyzing the VECO fundamentals
Veeco Instruments Inc [NASDAQ:VECO] reported sales of 666.43M for the trailing twelve months, which represents a growth of 13.09%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.44 points at the first support level, and at 34.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.64, and for the 2nd resistance point, it is at 37.27.
Ratios To Look Out For
For context, Veeco Instruments Inc’s Current Ratio is 3.24. Further, the Quick Ratio stands at 2.06, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 3.04, the price to book ratio is 3.02.
Transactions by insiders
Recent insider trading involved Miller William John, CEO, that happened on Mar 21 ’24 when 24201.0 shares were sold. SVP – PRODUCT LINE DEVELOPMENT, Devasahayam Adrian completed a deal on Mar 14 ’24 to sell 5000.0 shares. Meanwhile, SVP, GLOBAL SALES & SERVICE Wilkerson Susan sold 2519.0 shares on Mar 13 ’24.
