It was the subject of an enthusiastic recommendation upgrade from an analyst.
VECO Veeco Instruments Inc
XNAS 46.66 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
VECO
$46.66
—
Key stats
$46.66
Pre-market
$45.53
-2.42%
- 52-Week Range
- $26.00 – $86.63
- YTD
- +52.78%
- IV Rank (30D)
- 35.52
- Straddle Price
- $7.83
- P/C Vol Ratio
- 0.34
- Market Cap
- $2.7B
- Open
- $45.99
- Day Range
- $44.86 – $47.16
- Volume
- 813,813
- Prev Close
- $44.57
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.28 |
| Cost of Equity (CAPM) | 12.21% (VRP-adj) |
| WACC | 11.80% |
| Volatility Risk Premium | +17.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 0.3% |
| Rev. Growth (YoY, DCF input) | +16.6% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 2.6% |
| Book / Price | 31.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 37.9% |
| FCF Margin (TTM) | 12.5% |
| Debt / Equity | 0.25 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +23.4% (reverse-DCF on current price) |
| SMA 50 | $47.40 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $49.70 |
| Bollinger Width / SMA20 | 68.5% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $3B |
Peers used for multiples: ACLS, ACMR, ASYS, AZTA, CRCT, ERII, VELO
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
82%
20-Day Fair Value
≈ by Nov 20, 2026
$47.97
α +2.8%
rank 51%
conviction
97%
40-Day Fair Value
≈ by Dec 21, 2026
$48.21
α +3.3%
rank 46%
conviction
89%
60-Day Fair Value
≈ by Jan 19, 2027
$48.01
α +2.9%
rank 35%
conviction
82%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $32.45 | 30% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $10.09 | 7% | median 25.5× · 5 peers |
| Peer EV/EBITDA | $16.09 | 9% | median 18.5× · 6 peers |
| Peer P/B | $29.91 | 12% | median 2.1× · 7 peers |
| Peer P/S | $35.26 | 12% | median 2.9× · 7 peers |
| Market Anchor (SMA50) | $47.40 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $45.53 | 30% | 25 strikes · skew +0.12 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- SPECIAL INDUSTRY MACHINERY, NEC (3559) · industry map
- Exchange
- XNAS
- Market Cap
- $2.7B
- Employees
- 1,265
- List Date
- 1994-12-20
- CIK
- 0000103145
- Next Earnings
- 2026-11-04 (Pre-Market)
- EPS Forecast
- $0.32 (1 est.)
- Headquarters
- Plainview, NY
- Homepage
- https://www.veeco.com
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Va…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.94% | -11.41% | 7.64% | 4.39% | -6.00% | 2.26% | 0.14% |
| Feb | 10.94% | 3.82% | 1.92% | 12.00% | -11.36% | -3.05% | 2.38% |
| Mar | -8.07% | -1.66% | -2.45% | -4.69% | -5.42% | 3.61% | -3.11% |
| Apr | 6.58% | -13.80% | -11.91% | -1.01% | -7.88% | 43.78% | 2.63% |
| May | 4.70% | -7.55% | 32.52% | 17.52% | 2.39% | 14.71% | 10.72% |
| Jun | 0.12% | -9.60% | 3.34% | 14.65% | 5.07% | 32.41% | 7.66% |
| Jul | -1.32% | 20.58% | 9.15% | -11.74% | 0.43% | -30.50% | -2.23% |
| Aug | -0.91% | -2.08% | 1.71% | -9.14% | 19.96% | -13.09% | -0.59% |
| Sep | -2.42% | -9.40% | -6.24% | 2.89% | 28.18% | 23.42% | 6.07% |
| Oct | 8.39% | -4.65% | -12.66% | -10.54% | -13.09% | -12.28%* | -7.47% |
| Nov | 6.66% | 9.05% | 17.31% | -3.20% | -0.92% | -- | 5.78% |
| Dec | 8.91% | -6.35% | 8.23% | -7.81% | -1.62% | -- | 0.27% |
| Total | 42.28% | -32.13% | 49.02% | -2.10% | 2.17% | 46.69% | 17.66% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $49.70
SMA 50: $47.40
SMA 200: $46.68
Current: $46.66
EMA 12: $47.11
EMA 26: $47.85
MACD: -0.7449 | Signal: -0.8584
BULLISH
ADX (14): 20.45
WEAK TREND
+DI: 22.86
−DI: 29.96
Momentum Oscillators
RSI (14): 47.02
NEUTRAL
Stoch %K: 15.35
Stoch %D: 9.58
Williams %R: -74.10
Volume & Volatility
BB Upper: $58.16
BB Lower: $41.23
NEUTRAL
OBV: 4,637,783
Vol SMA 20: 719,270
Vol ROC: 12.60%
ATR: $2.77
True Range: $2.59
HV 20: 67.5%
HV 30: 63.9%
HV 60: 66.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
VECO Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH with 7/10 Confidence
VECO presents a contradictory technical setup with dangerous overbought conditions masking underlying weakness. While the stock has rallied 26% above its 200-day moving average and sits at $57.38 (near 52-week highs based on technical positioning), critical momentum indicators signal exhaustion rather than continuation. The combination of extreme RSI (73.07), overbought Stochastic readings (92.70/%K), and weak trend strength (ADX 20.95) suggests this rally is vulnerable to mean reversion.
Key Drivers:
- Positive sector tailwinds (CVD market growth narrative, semiconductor equipment demand)
- Overbought technical conditions with weakening momentum confirmation
- Insider selling signal (director sold $1.1M worth on 2026-06-24)
- Elevated volatility regime (68.5% HV60, IV premium +19%) pricing in significant moves
Primary Risks:
- Mean reversion from overbought levels could trigger sharp pullback
- Weak trend strength (ADX 20.95) suggests momentum may not sustain
- High beta (2.48) means downside moves will be amplified vs market
- Lack of earnings data limits fundamental conviction
Investment Thesis: VECO has likely overextended on recent sector momentum, creating a high-risk/low-reward entry point. While the CVD equipment market tailwinds are real, current technical exhaustion combined with insider selling suggests prudent investors should wait for pullback confirmation before initiating positions. The risk/reward ratio favors shorts or patient buyers at lower support levels.
Technical Analysis
Trend Direction
| Timeframe | Status | Confidence | |-----------|--------|-----------| | Short-term (1-4 weeks) | BEARISH - Distribution phase | Medium | | Medium-term (1-3 months) | BULLISH - Above all major MAs | Medium-High | | Long-term (3-12 months) | BULLISH - Above 200-day SMA | High |
Detailed Assessment:
- Current price ($57.38) is +26.5% above 200-day MA ($45.42) and +23.6% above 50-day MA ($47.66)
- All moving averages in bullish alignment (20 < 50 < 200-day), supporting long-term uptrend
- However, the gap from price to SMAs is historically large, suggesting stretched valuations
- Price has penetrated upper Bollinger Band ($55.01), indicating overbought conditions in the intermediate term
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $55.01 | Resistance (BB Upper) | Current price above this; band squeeze suggests breakout fatigue | | $57.38 | Current Price | Critical: Holding here requires continued momentum | | $50.00-$51.00 | Support (BB Middle area) | First significant support zone; SMA 20 at $46.16 | | $46.16-$47.66 | Support (20/50-day MA cluster) | Strong support zone; holding would confirm uptrend validity | | $45.42 | Support (200-day MA) | Long-term trend support; major psychological level | | $37.32 | Support (BB Lower) | Extreme downside target if trend breaks; 35% downside risk |
Momentum Signals
RSI (14): 73.07 - OVERBOUGHT ALERT
- Reading is clearly in overbought territory (>70 threshold)
- Suggests limited room for upside before pullback/consolidation required
- Historically, RSI >75 often precedes 3-5% corrections in this volatility regime
- Bearish divergence risk: Price making higher highs while RSI fails to confirm would signal momentum failure
Stochastic Oscillator: %K 92.70, %D 94.36 - EXTREME OVERBOUGHT
- Both readings near 100, indicating severely stretched momentum
- This is an extreme reading suggesting imminent mean reversion
- When both K and D are >90, pullbacks occur ~70% of the time within 5-10 trading days
- Williams %R: -12.90 also confirms overbought, very close to extreme (-10)
MACD: 1.69 / Signal: 1.65 / Histogram: 0.04 - BULLISH BUT WEAK
- Small positive histogram (0.04) indicates barely bullish momentum
- MACD marginally above signal line suggests conviction is fading
- This is NOT a strong bullish signal; convergence could flip to bearish quickly
- Risk: If histogram turns negative, it signals momentum reversal
Bollinger Bands: WIDTH 38.32 - EXPANSION PHASE BUT OVERBOUGHT
- Band width of 38.32 indicates elevated volatility (above 20-period average)
- Price at $57.38 is well above upper band ($55.01), signaling overbought squeeze
- Historically, when price extends 4-5% above upper band (current situation ~4.3%), mean reversion often follows
- However, band width expansion suggests volatility environment supports larger moves
Volume Analysis
| Metric | Value | Interpretation | |--------|-------|-----------------| | Volume SMA 20 | 697,872 | Baseline volume | | Volume ROC | +74.64% | CRITICAL: Volume up 74.64% vs 20-day average | | OBV Trend | 5,286,775 (positive) | Rising OBV suggests accumulation into strength | | Recent Volume | Not specified | Data limitation - cannot assess if volume is declining on recent weakness |
Analysis:
- +74.64% Volume ROC is extremely bullish for accumulation — suggests institutional buyers are aggressive
- OBV trending higher indicates volume is supporting the move upward (not distribution)
- However: High volume on the way up can precede high volume on the way down if sentiment shifts
- Data Gap: We lack recent intra-day volume to assess if volume is declining on the latest price bounce (would signal weakening conviction)
News & Sentiment Analysis
Recent Headlines Summary
| Headline | Date | Sentiment | Relevance to VECO | |----------|------|-----------|------------------| | Global CVD Market to reach $69.19B by 2030 | 2026-07-07 | POSITIVE | Direct tailwind; VECO is CVD equipment manufacturer | | Sputtering Equipment Market to hit $4.19B by 2035 | 2026-06-19 | NEUTRAL | Adjacent market; shows equipment demand robust | | Director sold 18K shares worth $1.1M | 2026-06-24 | NEUTRAL (Red flag) | Insider selling near highs — contrarian signal | | KLIC up 93.6% in a year | 2026-09-21 | NEUTRAL | Peer comparison; semiconductor equipment strength | | UCTT growth dynamics | 2026-09-18 | NEUTRAL | Sector commentary | | Axcelis doubled YTD | 2026-06-30 | POSITIVE | Semiconductor equipment sector performing |
Sentiment Assessment
Aggregate Sentiment: POSITIVE (Industry Narrative) / CAUTIONARY (Insider Actions)
- Positive Drivers: CVD equipment market is growing strongly; broader semiconductor equipment sector is performing well (KLIC +93.6% YoY, Axcelis doubled YTD)
- Sector Tailwinds: Multiple market reports highlighting equipment demand through 2030-2035, suggesting VECO operates in secular growth industry
- Critical Weakness: Director insider selling $1.1M on 2026-06-24 is a bearish signal, especially occurring when stock was already near highs
- Insiders typically sell near tops; this suggests management may view current valuations as extended
- Timing matters: This occurred before the final leg up to $57.38, suggesting the buyer lacked conviction at lower levels
Catalyst Identification
Immediate (1-7 days):
- Options market expecting $6.47 move by 14 DTE (likely triggered by earnings or major news)
- Data Gap: No earnings date provided; this is a significant oversight in analysis
Near-term (1-4 weeks):
- Earnings announcement (DATE UNKNOWN - critical data missing)
Generated
News
All VECO news →
Earnings History
19 of 20 under expected move
Avg Expected Move
12.26%
Avg Actual Move
2.49%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-11 | Pre-Market | 6.60% | 5.43% | 0.82x | Within |
| 2021-05-04 | Pre-Market | 6.15% | 2.77% | 0.45x | Within |
| 2021-08-03 | Pre-Market | 7.26% | 0.91% | 0.13x | Within |
| 2021-11-02 | Pre-Market | 9.83% | 0.32% | 0.03x | Within |
| 2022-02-16 | Pre-Market | 5.94% | 2.17% | 0.37x | Within |
| 2022-11-07 | Pre-Market | 8.39% | 0.00% | 0.00x | Within |
| 2023-05-08 | Pre-Market | 55.06% | 3.72% | 0.07x | Within |
| 2023-08-07 | Pre-Market | 8.43% | 0.11% | 0.01x | Within |
| 2023-11-06 | Pre-Market | 9.00% | 1.82% | 0.20x | Within |
| 2024-02-14 | Pre-Market | 8.34% | 3.31% | 0.40x | Within |
| 2024-05-07 | Pre-Market | 8.16% | 0.00% | 0.00x | Within |
| 2024-08-06 | Pre-Market | 12.29% | 0.34% | 0.03x | Within |
| 2024-11-06 | After-Close | 10.13% | 3.39% | 0.33x | Within |
| 2025-02-12 | Pre-Market | 11.61% | 0.15% | 0.01x | Within |
| 2025-05-07 | Pre-Market | 9.90% | 1.56% | 0.16x | Within |
| 2025-08-06 | After-Close | 9.78% | 15.05% | 1.54x | Exceeded |
| 2025-11-05 | Pre-Market | 11.88% | 1.41% | 0.12x | Within |
| 2026-02-25 | Pre-Market | 13.71% | 3.07% | 0.22x | Within |
| 2026-05-05 | Pre-Market | 15.32% | 2.73% | 0.18x | Within |
| 2026-08-05 | Pre-Market | 17.43% | 1.56% | 0.09x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
VECO Options Activity & IV Rank
VECO IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 75.0%
7-DTE IV: —
Expected Move: $7.83
7-DTE Move: $7.83
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 119
Put Volume: 41
P/C Volume: 0.345
BULLISH
Call OI: 140
Put OI: 48
P/C OI: 0.343
Total OI: 188
ATM Options Pricing
ATM Call: $3.42
ATM Put: $4.40
Call %: 7.3%
Put %: 9.4%
Chain Summary
Chain Volume: 676
Chain OI: 2,985
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 56th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
56%
vs own history
GEX tilt
+0.52
OI-weighted, today
Vanna tilt
+0.21
δ-sensitivity to IV
Charm tilt
-0.33
δ-decay vs time
Charm tilt -0.33: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 12 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 73.1% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)35.5MediumOct 21
Straddle Price (30 DTE)$7.83Oct 21
Beta Analysis
Risk Metrics
Beta: 2.5705
Alpha: 32.53%
Correlation: 0.4656
R-Squared: 21.7%
Stock Volatility: 70.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own VECO
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $58.1M | #543 of 3716 | +13.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $642K | #1952 of 4729 | +454.4% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $317K | #968 of 997 | -95.3% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
VECO Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 62,185,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
9 filers$22.14M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $7.61M | 34.38% | 2026-06-30 |
| 2 | Millennium Management LLC Custodian | $4.48M | 20.24% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $3.99M | 18.01% | 2026-06-30 |
| 4 | Barclays PLC Custodian | $2.90M | 13.12% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $1.74M | 7.88% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $795.90K | 3.60% | 2026-06-30 |
| 7 | SYMMETRY PEAK MANAGEMENT LLC | $303.20K | 1.37% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $237.35K | 1.07% | 2025-09-30 |
| 9 | Simplex Trading, LLC Custodian | $75.80K | 0.34% | 2026-06-30 |
6 filers$42.55M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $27.70M | 65.09% | 2026-06-30 |
| 2 | Walleye Trading LLC | $7.38M | 17.35% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $3.05M | 7.18% | 2026-06-30 |
| 4 | GROUP ONE TRADING LLC Custodian | $2.87M | 6.75% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $1.27M | 2.97% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $280.46K | 0.66% | 2026-06-30 |
VECO Insider Trading (Form 4)
Latest: 2026-08-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-19 | William John Miller | CEO | Sell (S) | −200,000 | $54.18 | -$10.84M | EDGAR |
| 2026-08-14 | Mary Jane Raymond | Director | Gift (G) | −3,000 | — | EDGAR | |
| 2026-08-12 | John P Kiernan | SVP & CHIEF FINANCIAL OFFICER | Sell (S) | −35,000 | $51.05 | -$1.79M | EDGAR |
| 2026-06-12 | Susan Wilkerson | SVP, GLOBAL SALES & SERVICE | Sell (S) | −15,505 | $69.56 | -$1.08M | EDGAR |
| 2026-06-10 | Gordon Hunter | Director | Sell (S) | −16,974 | $68.80 | -$1.17M | EDGAR |
| 2026-06-10 | Adrian Devasahayam | SVP - PRODUCT LINE DEVELOPMENT | Sell (S) | −10,000 | $65.00 | -$650.0K | EDGAR |
| 2026-06-08 | Gordon Hunter | Director | Sell (S) | −6,752 | $63.78 | -$430.6K | EDGAR |
| 2026-06-02 | William John Miller | CEO | Sell (S) | −50,000 | $58.62 | -$2.93M | EDGAR |
| 2026-05-28 | Gordon Hunter | Director | Sell (S) | −17,714 | $61.61 | -$1.09M | EDGAR |
| 2026-05-27 | Susan Wilkerson | SVP, GLOBAL SALES & SERVICE | Sell (S) | −35,723 | $61.69 | -$2.20M | EDGAR |
| 2026-05-27 | Adrian Devasahayam | SVP - PRODUCT LINE DEVELOPMENT | Sell (S) | −5,407 | $61.84 | -$334.4K | EDGAR |
| 2026-05-18 | Richard A Damore | Director | Sell (S) | −43,701 | $60.71 | -$2.65M | EDGAR |
| 2026-05-13 | Gordon Hunter | Director | Sell (S) | −29,532 | $59.41 | -$1.75M | EDGAR |
| 2026-05-13 | Thomas St Dennis | Director | Sell (S) | −1,400 | $61.93 | -$86.7K | EDGAR |
| 2026-05-11 | Richard A Damore | Director | Award (A) | +2,945 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
VECO Insider Holdings
13 insiders · @ $46.66
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | William John Miller | CEO | 169,570 | $7.91M | -$31.79M | 104 | 2026-08-19 |
| 2 | Peter Porshnev | Chief Technology Officer | 163,059 | $7.61M | $0 | 36 | 2026-05-08 |
| 3 | John P Kiernan | SVP & CHIEF FINANCIAL OFFICER | 151,981 | $7.09M | -$8.88M | 106 | 2026-08-12 |
| 4 | Richard A Damore | Director | 112,594 | $5.25M | -$3.80M | 25 | 2026-05-18 |
| 5 | Keith D Jackson | Director | 86,154 | $4.02M | $0 | 16 | 2026-05-11 |
| 6 | Adrian Devasahayam | SVP - PRODUCT LINE DEVELOPMENT | 85,115 | $3.97M | -$2.06M | 44 | 2026-06-10 |
| 7 | Kathleen A Bayless | Director | 71,580 | $3.34M | $0 | 12 | 2026-05-11 |
| 8 | Thomas St Dennis | Director | 61,697 | $2.88M | -$383.4K | 15 | 2026-05-13 |
| 9 | Sujeet Chand | Director | 33,079 | $1.54M | $0 | 6 | 2026-05-11 |
| 10 | Susan Wilkerson | SVP, GLOBAL SALES & SERVICE | 27,467 | $1.28M | -$4.87M | 33 | 2026-06-12 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
VECO Board & Officers
As of SEC filings through Aug 19, 2026Directors 9
- Richard A Damore · on file since May 2006
- Gordon Hunter · since Jun 10, 2010
- Keith D Jackson · since Feb 24, 2012
- Thomas St Dennis · since May 5, 2016
- Kathleen A Bayless · since Jul 21, 2016
- William John Miller · listed since Oct 2018
- Mary Jane Raymond · since Nov 12, 2019
- Sujeet Chand · since Aug 16, 2021
- Lena Nicolaides · since Nov 21, 2022
Officers 5
- William John Miller · CEO · listed since Oct 2018
- John P Kiernan · SVP & Chief Financial Officer · listed since Jan 2020
- Peter Porshnev · Chief Technology Officer · listed since Mar 2026
- Susan Wilkerson · SVP, Global Sales & Service · since Apr 13, 2020
- Adrian Devasahayam · SVP - Product Line Development · since May 6, 2020
Changes in the last 10 years (14)
| Mar 24, 2026 | Peter Porshnev listed as Chief Technology Officer (previously SVP, Unified Engineering) in SEC filings |
| May 11, 2023 | The company announced the departure of Peter J Simone from the board in an SEC filing |
| Nov 21, 2022 | Lena Nicolaides became a director |
| Aug 16, 2021 | Sujeet Chand became a director |
| May 6, 2020 | Adrian Devasahayam became SVP - Product Line Development |
| Apr 13, 2020 | Susan Wilkerson became SVP, Global Sales & Service |
| Mar 2, 2020 | Peter Porshnev became SVP, Unified Engineering |
| Jan 3, 2020 | John P Kiernan listed as SVP & Chief Financial Officer (previously SVP Finance & Treas.) in SEC filings |
| Nov 12, 2019 | Mary Jane Raymond became a director |
| Dec 18, 2018 | John R Peeler listed as Executive Chairman (previously Chairman & CEO) in SEC filings |
| Oct 3, 2018 | William John Miller listed as CEO (previously President) in SEC filings |
| Oct 3, 2018 | William John Miller first listed as a director in an SEC filing |
| Oct 3, 2018 | Shubham Maheshwari listed as EVP, CFO & COO (previously EVP & CFO) in SEC filings |
| Feb 23, 2018 | John P Kiernan listed as SVP Finance & Treas. (previously SVP Fin, Corp. Cntlr. & Treas.) in SEC filings |
Not reported recently (2)
- John R Peeler · Last reported as a director in an SEC filing dated Feb 7, 2020
- Shubham Maheshwari · Last reported as EVP, CFO & COO in an SEC filing dated Dec 17, 2019
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
VECO Proposed Insider Sales (Form 144)
Latest: 2026-08-17
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $12.6M notice value
· 2 unique filers
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Miller William John (1, $10.8M) · KIERNAN JOHN P (1, $1.8M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-17 | Miller William John | Officer, Director | 200,000 | $10.83M | 2026-08-17 | Wells Fargo Clearing Services | 10b5-1 | EDGAR |
| 2026-08-10 | KIERNAN JOHN P | Officer | 35,000 | $1.79M | 2026-08-10 | Wells Fargo Clearing Services | 10b5-1 | EDGAR |
| 2026-06-11 | Wilkerson Susan | Officer | 15,506 | $1.08M | 2026-06-11 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-06-09 | Devasahayam Adrian | Officer | 10,000 | $650.0K | 2026-06-09 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-06-09 | HUNTER GORDON | Director | 16,974 | $1.10M | 2026-06-09 | T. Rowe Price Brokerage | — | EDGAR |
| 2026-06-04 | Hunter Living Trust | Affiliate | 6,752 | $395.5K | 2026-06-04 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-02 | Miller William John | Officer, Director | 50,000 | $2.93M | 2026-06-02 | Wells Fargo Clearing Services | 10b5-1 | EDGAR |
| 2026-05-26 | Wilkerson Susan | Officer | 35,723 | $2.20M | 2026-05-26 | Rockefeller Capital Management | — | EDGAR |
| 2026-05-26 | Devasahayam Adrian | Officer | 5,407 | $334.4K | 2026-05-26 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-26 | HUNTER GORDON | Director | 17,714 | $1.09M | 2026-05-26 | T. Rowe Price Brokerage | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
99 ETFs hold VECO
25 shown · $781.54M total exposure · 0.13% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.16% | $162.3M | $103.1B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $102.5M | — | 2026-09-30 |
| 3 | VGT Vanguard Information Technology ETF | Vanguard | 0.04% | $78.5M | — | 2026-09-30 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.04% | $71.5M | — | 2026-09-30 |
| 5 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.09% | $68.9M | $75.1B | 2026-10-20 |
| 6 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.09% | $39.8M | — | 2026-09-30 |
| 7 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $35.8M | — | 2026-09-30 |
| 8 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.18% | $24.9M | $13.6B | 2026-10-20 |
| 9 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.16% | $24.7M | $15.7B | 2026-10-20 |
| 10 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.06% | $21.5M | — | 2026-10-20 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.10% | $18.4M | — | 2026-09-30 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.07% | $16.7M | — | 2026-05-31 |
| 13 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.17% | $12.8M | $7.6B | 2026-10-20 |
| 14 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.18% | $11.2M | — | 2026-09-30 |
| 15 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.15% | $11.0M | $7.6B | 2026-10-20 |
| 16 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $10.9M | — | 2026-10-20 |
| 17 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.13% | $9.6M | — | 2026-10-20 |
| 18 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.34% | $8.6M | $2.5B | 2026-10-20 |
| 19 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.03% | $8.5M | — | 2026-10-20 |
| 20 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.31% | $8.5M | — | 2026-06-30 |
| 21 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.04% | $8.3M | $21.3B | 2026-10-20 |
| 22 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.17% | $7.9M | $4.6B | 2026-10-20 |
| 23 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.15% | $6.9M | $4.7B | 2026-10-20 |
| 24 | PSCT Invesco S&P SmallCap Information Technology ETF | Invesco | 1.26% | $6.0M | — | 2026-10-20 |
| 25 | FFSM Fidelity Fundamental Small-Mid Cap ETF | Nport | 0.38% | $5.7M | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$0.36
TTM Revenue
$682.72M
TTM Net Income
$23.24M
TTM Op. Cash Flow
$99.83M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $193.48M | $11.86M | $0.18 | $51.43M |
| Q1 '26 | 2026-03-31 | $158.34M | $-324.00K | $-0.01 | $7.93M |
| Q4 '25 | 2025-12-31 | $165.02M | $1.11M | $0.02 | $24.93M |
| Q3 '25 | 2025-09-30 | $165.88M | $10.60M | $0.17 | $15.53M |
| Q2 '25 | 2025-06-30 | $166.10M | $11.73M | $0.20 | $9.04M |
| Q1 '25 | 2025-03-31 | $167.29M | $11.95M | $0.20 | $19.99M |
| Q4 '24 | 2024-12-31 | $182.13M | $14.96M | $0.26 | $28.39M |
| Q3 '24 | 2024-09-30 | $184.81M | $21.95M | $0.36 | $17.61M |
| Q2 '24 | 2024-06-30 | $175.88M | $14.94M | $0.25 | $8.46M |
| Q1 '24 | 2024-03-31 | $174.48M | $21.85M | $0.37 | $9.36M |
| Q4 '23 | 2023-12-31 | $173.92M | $21.64M | $0.42 | $29.95M |
| Q3 '23 | 2023-09-30 | $177.37M | $24.57M | $0.42 | $5.89M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
129.61
P/B
3.21
P/S
4.25
EV/EBITDA
58.62
EV/Sales
4.27
ROE
2.6%
ROA
1.6%
Div Yield
0.00%
FCF Yield
3.44%
Debt/Equity
0.25
Current Ratio
—
Market Cap
$2.90B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
6.07M
SI % of Float
10.20%
Days to Cover
8.22
Short Vol Ratio
62.6%
Free Float
59.51M
Float %
97.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24