Analyzing Veeco Instruments Inc. (VECO) By Technical Indicators


As of Wednesday close, Veeco Instruments Inc.’s (NASDAQ:VECO) stock was up $0.1, moving up 0.51 percent to $19.60. The average number of shares traded per day over the past five days has been 408,460 shares. 2 times new highs have been achieved over the past 5 days, with a $0.57 gain in that time frame. In the last twenty days, the average volume was 486,100, while in the previous 50 days, it was 372,696.

Since last month, VECO stock rose 3.38%. Shares of the company fell to $17.06 on 11/03/22, the lowest level in the past month. A 52-week high of $32.40 was reached on 01/12/22 after having rallying from a 52-week low of $16.11. Since the beginning of this year, VECO’s stock price has dropped by -31.16% or -$8.87, and marked a new high 2 times. However, the stock has declined by -39.51% since its 52-week high.

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VECO stock investors should be aware that Veeco Instruments Inc. (VECO) stock had its last reported insider trading activity 192 days ago on May 16. St Dennis Thomas, the Director of the company, purchased of 2,500 shares for $21.60 on May 16. It resulted in a $54,000 investment by the insider. KIERNAN JOHN P added 5,000 shares at an average price of $20.79 on May 11. The insider now owns 89,158 shares following the transaction. On May 11, CEO Miller William John bought 5,000 shares at $20.30 apiece. The transaction was valued at $101,500.

Valuation Metrics

Right now, Veeco Instruments Inc. (VECO) has a P/E ratio of about 26.13. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 2.22, and the price-to-cash flow ratio of 16.42 may also be considered.

Financial Health

In the three months ended June 29, Veeco Instruments Inc.’s quick ratio stood at 1.80, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.58, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 41.00% percent. In the year ended June 29, operating margins totaled 10.00%. Based on annual data, VECO earned $242.27 million in gross profit and brought in $583.28 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.60%. Return on equity (ROE) for the past 12 months was 10.90%.

In Veeco Instruments Inc.’s quarter-end financial report for June 29, it reported total debt of $254.27 million against cash and short-term investments of $101.86 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VECO’s revenue rose 12.6% to $164.0 million during the quarter, while net income inched up to $171.91 million. While analysts expected Veeco Instruments Inc. to report $0.29 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by 20.70%. During the quarter, the company generated $23.91 million in EBITDA. The liabilities of Veeco Instruments Inc. were 555.5 million at the end of its most recent quarter ended June 29, and its total debt was $310.06 million. The value of shareholders’ equity is $51.42 million.

Technical Picture

This quick technical analysis looks at Veeco Instruments Inc.’s (VECO) price momentum. With a historical volatility rate of 28.51%, the RSI 9-day stood at 59.67% on 23 November.

With respect to its five-day moving average, the current Veeco Instruments Inc. price is up by +3.00% percent or $0.57. At present, VECO shares trade +3.92% above its 20-day simple moving average and +7.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.02% below its SMA50 and -28.88% below its SMA200.

Stochastic coefficient K was 80.45% and Stochastic coefficient D was 82.46%, while ATR was 0.67. Given the Stochastic reading of 79.92% for the 14-day period, the RSI (14) reading has been calculated as 56.94%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.41.

Analyst Ratings

Northland Capital reiterated its an Outperform rating on Veeco Instruments Inc. (NASDAQ: VECO) in a note to investors. The analysts firm has however raised their price target to $32, representing a possible 38.75% increase in the stock price. Veeco Instruments Inc. (VECO) has been rated Overweight by analysts. According to 0 brokerage firms, VECO is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Veeco Instruments Inc. stock as buy, with 3 recommending it as overweight.


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