With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.75 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $30.98 whereas the lowest price it dropped to was $29.99. The 52-week range on VECO shows that it touched its highest point at $49.25 and its lowest point at $24.56 during that stretch. It currently has a 1-year price target of $40.43. Beta for the stock currently stands at 1.17.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VECO was up-trending over the past week, with a rise of 0.43%, but this was down by -7.75% over a month. Three-month performance dropped to -16.04% while six-month performance fell -23.39%. The stock gained 21.08% in the past year, while it has lost -3.00% so far this year. A look at the trailing 12-month EPS for VECO yields 1.40 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.46. This implies an EPS growth rate of 5.02% for this year and 15.86% for next year.
Float and Shares Shorts:
At present, 56.36 million VECO shares are outstanding with a float of 55.42 million shares on hand for trading. On 2024-10-15, short shares totaled 4.82 million, which was 850.0 higher than short shares on 1726185600. In addition to Dr. William John Miller Ph.D. as the firm’s CEO & Director, Mr. John P. Kiernan serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 1.10293 of VECO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, VECO reported revenue of $175879000.0 and operating income of $16722000.0. The EBITDA in the recently reported quarter was $26440000.0 and diluted EPS was $0.25.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VECO since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VECO analysts setting a high price target of 47.0 and a low target of 35.0, the average target price over the next 12 months is 40.43. Based on these targets, VECO could surge 56.15% to reach the target high and rise by 16.28% to reach the target low. Reaching the average price target will result in a growth of 34.32% from current levels.
Analysts have provided yearly estimates in a range of $1.79483 being high and $1.74498 being low. For VECO, this leads to a yearly average estimate of $1.77489. The surprise factor in the prior quarter was $0.43. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.4. The average estimate for the next quarter is thus $0.45.
