Veeco Instruments Inc (NASDAQ: VECO) is 15.53% higher on its value in year-to-date trading and has touched a low of $23.63 and a high of $49.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VECO stock was last observed hovering at around $32.92 in the last trading session, with the day’s gains setting it 2.93%.
Currently trading at $35.85, the stock is -11.84% and -17.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 8.90% at the moment leaves the stock 1.81% off its SMA200. VECO registered 19.02% gain for a year compared to 6-month gain of 12.91%.
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The stock witnessed a -26.04% loss in the last 1 month and extending the period to 3 months gives it a -8.76%, and is -8.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.67% over the week and 5.76% over the month.
Veeco Instruments Inc (VECO) has around 1215 employees, a market worth around $2.04B and $701.65M in sales. Current P/E ratio is 25.65 and Fwd P/E is 17.03. Profit margin for the company is 11.98%. Distance from 52-week low is 51.71% and -27.21% from its 52-week high. The company has generated returns on investments over the last 12 months (8.41%).
The EPS is expected to grow by 5.02% this year
The shares outstanding are 56.36M, and float is at 55.40M with Short Float at 10.73%.
Veeco Instruments Inc (VECO) Insider Activity
The most recent transaction is an insider sale by KIERNAN JOHN P, the company’s SVP & CHIEF FINANCIAL OFFICER. SEC filings show that KIERNAN JOHN P sold 2,500 shares of the company’s common stock on Jul 10 ’24 at a price of $48.46 per share for a total of $0.12 million. Following the sale, the insider now owns 94809.0 shares.
Veeco Instruments Inc disclosed in a document filed with the SEC on Jun 10 ’24 that KIERNAN JOHN P (SVP & CHIEF FINANCIAL OFFICER) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $43.39 per share for $0.11 million. Following the transaction, the insider now directly holds 2167.0 shares of the VECO stock.
Still, SEC filings show that on May 13 ’24, St Dennis Thomas (Director) disposed off 4,000 shares at an average price of $37.72 for $0.15 million. The insider now directly holds 51,861 shares of Veeco Instruments Inc (VECO).
