A share price of Veeco Instruments Inc [VECO] is currently trading at $25.26, up 1.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VECO shares have gain 6.83% over the last week, with a monthly amount drifted -6.96%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Veeco Instruments Inc [NASDAQ: VECO] stock has seen the most recent analyst activity on January 06, 2025, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $33 for it. Previously, Citigroup downgraded its rating to Neutral on July 15, 2024, and elevated its price target to $50. On September 13, 2023, Citigroup initiated with a Buy rating and assigned a price target of $35 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $35 on September 01, 2023. Barclays downgraded its rating to a Equal Weight and raised its price target to $20 on January 23, 2023. Northland Capital reiterated a Outperform rating for this stock on December 28, 2021, but kept the price target unchanged to $32. In a note dated September 13, 2021, Goldman downgraded an Neutral rating on this stock and revised its target price from $29 to $26.
Veeco Instruments Inc experienced fluctuations in its stock price throughout the past year between $23.00 and $49.25. 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 $25.26 at the most recent close of the market. An investor can expect a potential return of 35.91% based on the average VECO price forecast.
Analyzing the VECO fundamentals
Trailing Twelve Months sales for Veeco Instruments Inc [NASDAQ:VECO] were 717.30M which represents 4.72% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 25.02 points at the first support level, and at 24.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.44, and for the 2nd resistance point, it is at 25.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Veeco Instruments Inc [NASDAQ:VECO] is 3.98. As well, the Quick Ratio is 2.60, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 20.54.
Transactions by insiders
Recent insider trading involved KIERNAN JOHN P, SVP & CHIEF FINANCIAL OFFICER, that happened on Feb 10 ’25 when 2500.0 shares were sold. Officer, KIERNAN JOHN P completed a deal on Feb 10 ’25 to buy 2500.0 shares. Meanwhile, SVP & CHIEF FINANCIAL OFFICER KIERNAN JOHN P sold 2500.0 shares on Jan 10 ’25.
