Finance

Are you willing to Put your Money on the stock? Veeco Instruments Inc. (NASDAQ:VECO)

Veeco Instruments Inc. (NASDAQ:VECO), ended its previous trading session at $11.23 showing a loss of -0.0499999999999989 or -0.44 percent with respect to the price of $11.28 when stock market opened. The company traded 242155 shares over the course of the trading day. Giving the average volume of 317.98 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 47.61 Million.

Veeco Instruments Inc. (NASDAQ:VECO) is currently trading lower than its price target which is set to $14.25 by the analyst. The stock is -25.13% Below its 1-Year High which is $15.00. VECO has a difference of 79.1% from its 1 year low which stands at $6.27. The company is currently rated by analyst who are keeping a close eye on the stock as 2.5. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Veeco Instruments Inc. (NASDAQ:VECO) Performance Snapshot

Veeco Instruments Inc. (NASDAQ:VECO) Price Insight

The stock needs to grow about $3.02 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -3.23%, 2.43% and 0.8 percent respectively. The stock trades about 3.64 percent of its Float giving its total shares Outstanding are 47.61 Million. VECO lost about -5.71 percent in 6 months showing its Average True Range of 0.41. The company currently has a RSI and Beta of 47.42 and 1.35.

While talking about Veeco Instruments Inc. (NASDAQ:VECO) valuation ratios, the stock trades with a P/S and P/B of 1.26 and 1.29 which is significantly better and attractive as compared to its peers.