Veeco Instruments Inc [VECO] stock prices are up 4.79% to $31.96 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VECO shares have gain 6.32% over the last week, with a monthly amount drifted -13.99%, and not 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 July 15, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $50 from $45. Previously, Citigroup started tracking the stock with Buy rating on September 13, 2023, and set its price target to $35. On September 01, 2023, Needham initiated with a Buy rating and assigned a price target of $35 on the stock. Barclays downgraded its rating to a Equal Weight and increased its price target to $20 on January 23, 2023. Northland Capital reiterated its recommendation of a Outperform but $32 remained the price target by the analyst firm on December 28, 2021. Goldman downgraded its rating to Neutral for this stock on September 13, 2021, and downed its price target to $26. In a note dated September 17, 2020, Barclays initiated an Overweight rating and provided a target price of $15 on this stock.
The stock price of Veeco Instruments Inc [VECO] has been fluctuating between $23.63 and $49.25 over the past year. Currently, Wall Street analysts expect the stock to reach $34.33 within the next 12 months. Veeco Instruments Inc [NASDAQ: VECO] shares were valued at $31.96 at the most recent close of the market. An investor can expect a potential return of 7.42% based on the average VECO price forecast.
Analyzing the VECO fundamentals
The Veeco Instruments Inc [NASDAQ:VECO] reported sales of 701.65M for trailing twelve months, representing a surge of 8.81%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 31.50 points at the first support level, and at 31.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.29, and for the 2nd resistance point, it is at 32.61.
Ratios To Look Out For
It’s worth pointing out that Veeco Instruments Inc [NASDAQ:VECO]’s Current Ratio is 3.52. Also, the Quick Ratio is 2.23, while the Cash Ratio stands at 0.86. Considering the valuation of this stock, the price to sales ratio is 2.59, the price to book ratio is 2.54 and price to earnings (TTM) ratio is 22.87.
Transactions by insiders
Recent insider trading involved KIERNAN JOHN P, SVP & CHIEF FINANCIAL OFFICER, that happened on Sep 10 ’24 when 2500.0 shares were sold. Officer, John Kiernan completed a deal on Sep 10 ’24 to buy 7500.0 shares. Meanwhile, SVP & CHIEF FINANCIAL OFFICER KIERNAN JOHN P sold 2500.0 shares on Aug 12 ’24.
