Market Analysts see Velodyne Lidar Inc. [VLDR] falling to $10. Time to buy?

Velodyne Lidar Inc. [NASDAQ: VLDR] price plunged by -2.77 percent to reach at -$0.24. The company report on July 19, 2021 that Velodyne Lidar Announces Leadership Transition.

Provides Progress Update on Growth Strategy.

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the leading lidar company, known worldwide for its broad portfolio of breakthrough lidar technologies, announced that Dr. Anand Gopalan has informed the Board of Directors that he is stepping down as CEO and a member of the Board, effective July 30, 2021. In connection with this announcement, the Board has created an Office of the Chief Executive (OCE), comprising several members of Velodyne’s senior leadership team: Jim Barnhart, Chief Operating Officer; Drew Hamer, Chief Financial Officer; Kathy McBeath, Chief People Officer; and Sinclair Vass, Chief Commercial Officer. With support from the Board of Directors, the members of the OCE will continue to execute the Company’s growth strategy developed by Dr. Gopalan and the executive team. The Board has also retained an executive search firm to conduct a comprehensive search to identify a successor. Dr. Gopalan intends to continue supporting the Company in an advisory capacity following his departure.

A sum of 5516542 shares traded at recent session while its average daily volume was at 3.99M shares. Velodyne Lidar Inc. shares reached a high of $8.50 and dropped to a low of $8.03 until finishing in the latest session at $8.43.

Guru’s Opinion on Velodyne Lidar Inc. [VLDR]:

Robert W. Baird have made an estimate for Velodyne Lidar Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2021. The new note on the price target was released on April 20, 2021, representing the official price target for Velodyne Lidar Inc. stock. Previously, the target price had yet another raise to $13, while Goldman analysts kept a Neutral rating on VLDR stock.

The Average True Range (ATR) for Velodyne Lidar Inc. is set at 0.56, with the Price to Sales ratio for VLDR stock in the period of the last 12 months amounting to 17.80. The Price to Book ratio for the last quarter was 4.07, with the Price to Cash per share for the same quarter was set at 1.89.

VLDR Stock Performance Analysis:

Velodyne Lidar Inc. [VLDR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.32. With this latest performance, VLDR shares dropped by -21.87% in over the last four-week period, additionally sinking by -62.26% over the last 6 months – not to mention a drop of -50.38% 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 28.07, with the RSI for the last a single of trading hit 19.53, and the three-weeks RSI is set at 33.51 for Velodyne Lidar Inc. [VLDR]. The present Moving Average for the last 50 days of trading for this stock 10.37, while it was recorded at 8.97 for the last single week of trading, and 15.43 for the last 200 days.

Insight into Velodyne Lidar Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Velodyne Lidar Inc. [VLDR] shares currently have an operating margin of -163.01 and a Gross Margin at +26.34. Velodyne Lidar Inc.’s Net Margin is presently recorded at -157.15.

Return on Total Capital for VLDR is now -72.80, given the latest momentum, and Return on Invested Capital for the company is -70.18. Return on Equity for this stock declined to -71.87, with Return on Assets sitting at -52.69. When it comes to the capital structure of this company, Velodyne Lidar Inc. [VLDR] has a Total Debt to Total Equity ratio set at 2.93. Additionally, VLDR Total Debt to Total Capital is recorded at 2.85, with Total Debt to Total Assets ending up at 2.31. Long-Term Debt to Equity for the company is recorded at 2.93, with the Long-Term Debt to Total Capital now at 2.85.

Reflecting on the efficiency of the workforce at the company, Velodyne Lidar Inc. [VLDR] managed to generate an average of -$484,997 per employee. Receivables Turnover for the company is 6.66 with a Total Asset Turnover recorded at a value of 0.34.Velodyne Lidar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.40 and a Current Ratio set at 9.90.

Velodyne Lidar Inc. [VLDR] Insider Position Details

There are presently around $194 million, or 12.40% of VLDR stock, in the hands of institutional investors. The top three institutional holders of VLDR stocks are: VANGUARD GROUP INC with ownership of 5,416,632, which is approximately -6.794% of the company’s market cap and around 38.80% of the total institutional ownership; BNP PARIBAS ASSET MANAGEMENT HOLDING S.A., holding 2,444,340 shares of the stock with an approximate value of $20.61 million in VLDR stocks shares; and PICTET ASSET MANAGEMENT LTD, currently with $16.08 million in VLDR stock with ownership of nearly 20.965% of the company’s market capitalization.

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Positions in Velodyne Lidar Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 81 institutional holders increased their position in Velodyne Lidar Inc. [NASDAQ:VLDR] by around 10,554,970 shares. Additionally, 66 investors decreased positions by around 7,308,080 shares, while 12 investors held positions by with 5,164,135 shares. The mentioned changes placed institutional holdings at 23,027,185 shares, according to the latest SEC report filing. VLDR stock had 38 new institutional investments in for a total of 6,925,597 shares, while 45 institutional investors sold positions of 3,633,240 shares during the same period.

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