Velo3D Inc. [NYSE: VLD] price surged by 42.02 percent to reach at $1.5. The company report on August 9, 2022 that Velo3D Announces Sequential Revenue Growth of 60% / Year over Year Growth of More Than 160% for Second Quarter 2022.
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Company Reiterates FY2022 Revenue Guidance of $89 Million.
>15x revenue growth over last 6 quarters – on track to become the largest metal additive manufacturing company, possibly as early as the end of 20221.
A sum of 5432204 shares traded at recent session while its average daily volume was at 2.39M shares. Velo3D Inc. shares reached a high of $5.09 and dropped to a low of $3.7601 until finishing in the latest session at $5.07.
The one-year VLD stock forecast points to a potential downside of -8.57. The average equity rating for VLD stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Velo3D Inc. [VLD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLD shares is $4.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLD stock is a recommendation set at 2.20. 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.
BofA Securities have made an estimate for Velo3D Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 04, 2022. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on October 26, 2021, representing the official price target for Velo3D Inc. stock.
The Average True Range (ATR) for Velo3D Inc. is set at 0.42, with the Price to Sales ratio for VLD stock in the period of the last 12 months amounting to 28.37. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 1.23.
VLD Stock Performance Analysis:
Velo3D Inc. [VLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.72. With this latest performance, VLD shares gained by 168.25% in over the last four-week period, additionally sinking by -27.05% over the last 6 months – not to mention a drop of -49.30% 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 VLD stock in for the last two-week period is set at 79.19, with the RSI for the last a single of trading hit 83.71, and the three-weeks RSI is set at 73.93 for Velo3D Inc. [VLD]. The present Moving Average for the last 50 days of trading for this stock 2.37, while it was recorded at 3.93 for the last single week of trading, and 6.04 for the last 200 days.
Insight into Velo3D Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Velo3D Inc. [VLD] shares currently have an operating margin of -210.50 and a Gross Margin at +18.07. Velo3D Inc.’s Net Margin is presently recorded at -390.29.
Return on Equity for this stock declined to -53.29, with Return on Assets sitting at -32.95.
Velo3D Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.30 and a Current Ratio set at 5.70.
VLD Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Velo3D Inc. go to 31.50%.
Velo3D Inc. [VLD] Insider Position Details
There are presently around $720 million, or 56.70% of VLD stock, in the hands of institutional investors. The top three institutional holders of VLD stocks are: DEER IX & CO. LTD. with ownership of 37,864,240, which is approximately New of the company’s market cap and around 2.80% of the total institutional ownership; DEER MANAGEMENT CO. LLC, holding 37,864,240 shares of the stock with an approximate value of $191.97 million in VLD stocks shares; and VK SERVICES, LLC, currently with $153.88 million in VLD stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Velo3D Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 54 institutional holders increased their position in Velo3D Inc. [NYSE:VLD] by around 45,685,805 shares. Additionally, 30 investors decreased positions by around 1,508,215 shares, while 6 investors held positions by with 94,853,239 shares. The mentioned changes placed institutional holdings at 142,047,259 shares, according to the latest SEC report filing. VLD stock had 31 new institutional investments in for a total of 42,117,457 shares, while 18 institutional investors sold positions of 1,031,444 shares during the same period.