Shares of Veea Inc. (NASDAQ:VEEA - Get Free Report) shot up 1% during trading on Thursday . The stock traded as high as $1.95 and last traded at $1.94. 12,531 shares were traded during mid-day trading, a decline of 91% from the average session volume of 134,313 shares. The stock had previously closed at $1.92.
Veea Stock Performance
The stock's 50 day simple moving average is $1.91 and its two-hundred day simple moving average is $2.33.
Veea (NASDAQ:VEEA - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.12 EPS for the quarter. The business had revenue of $0.01 million for the quarter.
Institutional Investors Weigh In On Veea
A hedge fund recently bought a new stake in Veea stock. Northern Trust Corp bought a new position in shares of Veea Inc. (NASDAQ:VEEA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,488 shares of the company's stock, valued at approximately $120,000. Northern Trust Corp owned 0.09% of Veea at the end of the most recent reporting period. 25.88% of the stock is owned by institutional investors and hedge funds.
About Veea
(
Get Free Report)
Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.
Read More
Before you consider Veea, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veea wasn't on the list.
While Veea currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
