In the last trading session, 5.04 million shares of the Velodyne Lidar Inc. (NASDAQ:VLDR) were traded, and its beta was 1.13. Most recently the company’s share price was $1.24, and it changed around -$0.03 or -2.36% from the last close, which brings the market valuation of the company to $249.76M. VLDR currently trades at a discount to its 52-week high of $11.91, offering almost -860.48% off that amount. The share price’s 52-week low was $1.19, which indicates that the current value has risen by an impressive 4.03% since then. We note from Velodyne Lidar Inc.’s average daily trading volume that its 3-month average coming to 3.45 million.
Velodyne Lidar Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.90. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended VLDR as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Velodyne Lidar Inc. is expected to report earnings per share of -$0.22 for the current quarter.
Velodyne Lidar Inc. (NASDAQ:VLDR) trade information
Instantly VLDR has showed a red trend with a performance of -2.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3700 on Tuesday, 06/21/22 increased the stock’s daily price by 9.49%. The company’s shares are currently down -73.28% year-to-date, but still down -1.59% over the last five days. On the other hand, Velodyne Lidar Inc. (NASDAQ:VLDR) is -28.32% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 61.85% from its current value. Analyst projections state that VLDR is forecast to be at a low of $1.50 and a high of $12.00. In order for the stock price to hit the forecast high, the stock would need to plunge -867.74% from its current level, while the stock would need to crash -20.97% from its current level to reach the projected low.
Velodyne Lidar Inc. (VLDR) estimates and forecasts
Velodyne Lidar Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -76.65 percent over the past six months and at a -41.79% annual growth rate that is well below the industry average of 4.60%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -22.20% in revenue this quarter, and will report a decrease of -5.30% in the next quarter. The year-over-year growth rate is expected to be -30.00%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $11.11 million in revenue for the current quarter. 5 analysts expect Velodyne Lidar Inc. to make $12.08 million in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $13.6 million and $13.06 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -18.30%. Forecasts for the next quarter put sales growth at -7.50%.
Velodyne Lidar Inc.’s next quarterly earnings report is expected to be released around February 23 and February 28.
Velodyne Lidar Inc. (NASDAQ:VLDR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.25% of Velodyne Lidar Inc. shares, and 23.13% of them are in the hands of institutional investors. The stock currently has a share float of 32.23%. Velodyne Lidar Inc. stock is held by 214 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2021, it held 4.26% of the shares, which is about 8.85 million shares worth $41.07 million.
Vanguard Group, Inc. (The), with 4.26% or 8.85 million shares worth $41.07 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Global X Fds-Global X Autonomous & Electric Vehicles ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2022. The former held 3.35 million shares worth $12.37 million, making up 1.61% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.82 million shares worth around $13.09 million, which represents about 1.36% of the total shares outstanding.