Veeco Instruments Inc (NASDAQ: VECO) on Friday, plunged -3.18% from the previous trading day, before settling in for the closing price of $33.65. Within the past 52 weeks, VECO’s price has moved between $17.70 and $37.75.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 5.60%. The company achieved an average annual earnings per share of 5.13%. With a float of $54.93 million, this company’s outstanding shares have now reached $56.36 million.
Considering the fact that the conglomerate employs 1215 people, you should pay attention to its efficiency factor.
Veeco Instruments Inc (VECO) Insider Activity
Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Veeco Instruments Inc is 2.46%, while institutional ownership is 103.99%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 17.29 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
Veeco Instruments Inc (VECO) is currently performing well based on its current performance indicators. A quick ratio of 2.06 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.75. Likewise, its price to free cash flow for the trailing twelve months is 54.37.
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)
Compared to the last year’s volume of 0.52 million, its volume of 0.51 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.32%. Additionally, its Average True Range was 1.31.
During the past 100 days, Veeco Instruments Inc’s (VECO) raw stochastic average was set at 50.10%, which indicates a significant increase from 7.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.05% in the past 14 days, which was higher than the 33.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.11, while its 200-day Moving Average is $30.01. Nevertheless, the first resistance level for the watch stands at $33.62 in the near term. At $34.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $35.38. If the price goes on to break the first support level at $31.86, it is likely to go to the next support level at $31.13. Should the price break the second support level, the third support level stands at $30.10.
Veeco Instruments Inc (NASDAQ: VECO) Key Stats
Market capitalization of the company is 1.83 billion based on 56,355K outstanding shares. Right now, sales total 666,440 K and income totals -30,370 K. The company made 173,920 K in profit during its latest quarter, and 21,640 K in sales during its previous quarter.
