Velodyne Lidar Inc. [VLDR] gain 25.71% so far this year. What now?

Velodyne Lidar Inc. [NASDAQ: VLDR] traded at a low on 10/28/20, posting a -8.24 loss after which it closed the day’ session at $12.81. The company report on October 20, 2020 that Velodyne Lidar Calls for Action to Improve Pedestrian Safety.

New Velodyne White Paper Shows How Advanced Driver Assistance Systems (ADAS) Can be Improved to Reduce Nighttime Dangers to Pedestrians.

Velodyne Lidar, Inc. (Nasdaq: VLDR) today published a white paper that calls for independent performance testing of driver assistance systems to be expanded to include dark nighttime scenarios. The change would address a gap in current testing protocols that primarily looks at daytime conditions and largely overlooks the risks to pedestrians from driver assistance systems that perform poorly in dark nighttime conditions.

The results of the trading session contributed to over 1460424 shares changing hands. Over the past one week, the price volatility of Velodyne Lidar Inc. stands at 10.17% while the volatility over the past one month is 11.29%.

The market cap for VLDR stock reached $2.24 billion, with 17.55 million shares outstanding and 13.82 million shares in the current float. Compared to the average trading volume of 1.77M shares, VLDR reached a trading volume of 1460424 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Velodyne Lidar Inc. [VLDR]?

Oppenheimer have made an estimate for Velodyne Lidar Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 15, 2020.

The Average True Range (ATR) for Velodyne Lidar Inc. is set at 1.85, with the Price to Sales ratio for VLDR stock in the period of the last 12 months amounting to 28.77. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.00.

How has VLDR stock performed recently?

Velodyne Lidar Inc. [VLDR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.76. With this latest performance, VLDR shares dropped by -48.24% in over the last four-week period, additionally plugging by 25.83% over the last 6 months – not to mention a rise of 27.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VLDR stock in for the last two-week period is set at 35.10, with the RSI for the last a single of trading hit 27.21, and the three-weeks RSI is set at 36.81 for Velodyne Lidar Inc. [VLDR]. The present Moving Average for the last 50 days of trading for this stock 20.02, while it was recorded at 13.46 for the last single week of trading, and 13.96 for the last 200 days.

Velodyne Lidar Inc. [VLDR]: Deeper insight into the fundamentals

Velodyne Lidar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Insider trade positions for Velodyne Lidar Inc. [VLDR]

There are presently around $153 million, or 5.90% of VLDR stock, in the hands of institutional investors. The top three institutional holders of VLDR stocks are: GLAZER CAPITAL, LLC with ownership of 3,928,170, which is approximately 1.137% of the company’s market cap and around 48.00% of the total institutional ownership; MAGNETAR FINANCIAL LLC, holding 2,525,000 shares of the stock with an approximate value of $32.34 million in VLDR stocks shares; and OXFORD ASSET MANAGEMENT LLP, currently with $23.19 million in VLDR stock with ownership of nearly 0% of the company’s market capitalization.

18 institutional holders increased their position in Velodyne Lidar Inc. [NASDAQ:VLDR] by around 1,718,333 shares. Additionally, 30 investors decreased positions by around 11,892,317 shares, while 3 investors held positions by with 1,666,292 shares. The mentioned changes placed institutional holdings at 11,944,358 shares, according to the latest SEC report filing. VLDR stock had 15 new institutional investments in for a total of 1,638,077 shares, while 23 institutional investors sold positions of 9,558,100 shares during the same period.

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