In the last trading session, 0.46 million Veeco Instruments Inc (NASDAQ:VECO) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $41.53 changed hands at $1.37 or 3.41% during last session, the market valuation stood at $2.35B. VECO’s last price was a premium, traded about 0.82% off its 52-week high of $41.19. The share price had its 52-week low at $22.36, which suggests the last value was 46.16% up since then. When we look at Veeco Instruments Inc’s average trading volume, we note the 3-month average coming to 468.32K.
Veeco Instruments Inc (NASDAQ:VECO) trade information
Instantly VECO was in green as seen at the end of in last trading. With action 3.82%, the performance over the past five days has been green. The jump to weekly highs of 41.75 added 3.41% to the stock’s daily price. The company’s shares are showing year-to-date upside of 33.84%, with the 5-day performance at 3.82% in the green. However, in the 30-day time frame, Veeco Instruments Inc (NASDAQ:VECO) is 20.73% up.
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Veeco Instruments Inc (VECO) estimates and forecasts
Data shows that the Veeco Instruments Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.86% over the past 6 months, a 7.69% in annual growth rate that is considerably higher than the industry average of -5.80%. Year-over-year growth is forecast to reach 8.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 175.21M. 7 analysts are of the opinion that Veeco Instruments Inc’s revenue for the current quarter will be 181.6M. The company’s revenue for the corresponding quarters a year ago was 161.64M and 177.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.40%. The estimates for the next quarter sales put growth at 2.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 42.04%. The 2024 estimates are for Veeco Instruments Inc earnings to increase by 6.96%.
VECO Dividends
Veeco Instruments Inc is expected to release its next quarterly earnings report in June.
