For Velodyne Lidar Inc. [VLDR], Analyst sees a drop to $2.50. What next?


Velodyne Lidar Inc. [NASDAQ: VLDR] price plunged by -11.38 percent to reach at -$0.19. The company report on June 3, 2022 that Velodyne Lidar Wins GeoBuiz Summit Award for Innovation in Mapping Technology.

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Velodyne’s Intelligent Infrastructure Solution Creates 3D Maps of Roads and Intersections to Advance Safety in Communities Globally.

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its Intelligent Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s smart city solution was recognized for excellence in innovation in the Mapping Technology category.

A sum of 3314628 shares traded at recent session while its average daily volume was at 4.44M shares. Velodyne Lidar Inc. shares reached a high of $1.66 and dropped to a low of $1.47 until finishing in the latest session at $1.48.

The one-year VLDR stock forecast points to a potential upside of 54.46. The average equity rating for VLDR stock is currently 2.90, trading closer to a bullish pattern in the stock market.

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

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLDR shares is $3.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLDR stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for Velodyne Lidar Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 01, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $17 to $8. The new note on the price target was released on November 09, 2021, representing the official price target for Velodyne Lidar Inc. stock. Previously, the target price had yet another drop from $18 to $10, while Robert W. Baird kept a Neutral rating on VLDR stock.

The Average True Range (ATR) for Velodyne Lidar Inc. is set at 0.15, with the Price to Sales ratio for VLDR stock in the period of the last 12 months amounting to 6.14. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 1.23.

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 -12.94. With this latest performance, VLDR shares dropped by -6.33% in over the last four-week period, additionally sinking by -73.09% over the last 6 months – not to mention a drop of -86.65% 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 38.24, with the RSI for the last a single of trading hit 35.76, and the three-weeks RSI is set at 38.84 for Velodyne Lidar Inc. [VLDR]. The present Moving Average for the last 50 days of trading for this stock 1.9074, while it was recorded at 1.6260 for the last single week of trading, and 4.2273 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 -358.68 and a Gross Margin at -9.55. Velodyne Lidar Inc.’s Net Margin is presently recorded at -342.74.

Return on Equity for this stock declined to -66.31, with Return on Assets sitting at -52.53.

Velodyne Lidar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.10 and a Current Ratio set at 6.40.

Velodyne Lidar Inc. [VLDR] Insider Position Details

There are presently around $98 million, or 28.00% of VLDR stock, in the hands of institutional investors. The top three institutional holders of VLDR stocks are: VANGUARD GROUP INC with ownership of 9,490,815, which is approximately 7.22% of the company’s market cap and around 16.90% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 7,146,210 shares of the stock with an approximate value of $11.93 million in VLDR stocks shares; and BLACKROCK INC., currently with $9.81 million in VLDR stock with ownership of nearly 0.407% of the company’s market capitalization.

Positions in Velodyne Lidar Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 83 institutional holders increased their position in Velodyne Lidar Inc. [NASDAQ:VLDR] by around 23,799,459 shares. Additionally, 60 investors decreased positions by around 4,929,790 shares, while 31 investors held positions by with 29,931,193 shares. The mentioned changes placed institutional holdings at 58,660,442 shares, according to the latest SEC report filing. VLDR stock had 33 new institutional investments in for a total of 12,632,469 shares, while 24 institutional investors sold positions of 3,545,562 shares during the same period.