VEEA Should I Buy
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$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
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Veea Inc (VEEA) is not a strong buy for a beginner, long-term investor at this time. Despite the significant pre-market price surge of 23.11%, the technical indicators suggest a bearish trend with no clear signals for upward momentum. Additionally, the company's financial performance shows a decline in net income and EPS, which raises concerns about its profitability. The lack of significant trading trends, congress trading data, and proprietary trading signals further supports a cautious approach.
The MACD is below 0 and negatively contracting, indicating bearish momentum. The RSI is neutral at 42.698, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). Key resistance levels are at R1: 0.525 and R2: 0.566, while support levels are at S1: 0.391 and S2: 0.349. The stock is currently trading above R1 in pre-market but lacks strong technical support for sustained upward movement.
The pre-market price surge of 23.11% indicates short-term interest. However, no significant long-term positive catalysts are evident.
Bearish technical indicators, declining net income (-104.13% YoY), and EPS (-103.23% YoY) suggest weak financial health. Hedge funds and insiders are neutral, indicating no significant institutional or insider confidence.
In Q3 2025, revenue increased by 185.95% YoY, but net income dropped by -104.13% YoY, and EPS fell by -103.23% YoY. Gross margin improved but remains negative at -85.92%. The financials indicate revenue growth but significant profitability challenges.
No data available for analyst ratings or price target changes.
