Veeco Instruments Inc (NASDAQ: VECO) kicked off on Friday, down -3.74% from the previous trading day, before settling in for the closing price of $37.41. Over the past 52 weeks, VECO has traded in a range of $17.70-$37.75.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 5.60%. While this was happening, its average annual earnings per share was recorded 5.13%. With a float of $54.93 million, this company’s outstanding shares have now reached $56.36 million.
The extent of productivity of a business whose workforce counts for 1215 workers is very important to gauge.
Veeco Instruments Inc (VECO) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Semiconductor Equipment & Materials Industry. The insider ownership of Veeco Instruments Inc is 2.46%, while institutional ownership is 104.38%. The most recent insider transaction that took place on Mar 21 ’24, was worth 854,392. In this transaction CEO of this company sold 24,201 shares at a rate of $35.30, taking the stock ownership to the 545,091 shares. Before that another transaction happened on Mar 14 ’24, when Company’s SVP – PRODUCT LINE DEVELOPMENT sold 5,000 for $34.10, making the entire transaction worth $170,500. This insider now owns 67,278 shares in total.
Veeco Instruments Inc (VECO) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 17.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.13% per share during the next fiscal year.
Veeco Instruments Inc (NASDAQ: VECO) Trading Performance Indicators
Take a look at Veeco Instruments Inc’s (VECO) current performance indicators. Last quarter, stock had a quick ratio of 2.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.04. Likewise, its price to free cash flow for the trailing twelve months is 60.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.11 in one year’s time.
Technical Analysis of Veeco Instruments Inc (VECO)
The latest stats from [Veeco Instruments Inc, VECO] show that its last 5-days average volume of 0.72 million was superior to 0.52 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 68.04%. Additionally, its Average True Range was 1.24.
During the past 100 days, Veeco Instruments Inc’s (VECO) raw stochastic average was set at 83.20%, which indicates a significant increase from 51.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.01% in the past 14 days, which was higher than the 31.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.87, while its 200-day Moving Average is $29.78. Now, the first resistance to watch is $36.64. This is followed by the second major resistance level at $37.27. The third major resistance level sits at $37.84. If the price goes on to break the first support level at $35.44, it is likely to go to the next support level at $34.87. Assuming the price breaks the second support level, the third support level stands at $34.24.
Veeco Instruments Inc (NASDAQ: VECO) Key Stats
The company with the Market Capitalisation of 2.03 billion has total of 56,355K Shares Outstanding. Its annual sales at the moment are 666,440 K in contrast with the sum of -30,370 K annual income. Company’s last quarter sales were recorded 173,920 K and last quarter income was 21,640 K.
