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Velo3D Inc. (NYSE:VLD) Is Currently -430.28% Below Its 52-Week High, But Downside Potential Could Surprise You.

In last trading session, Velo3D Inc. (NYSE:VLD) saw 1.47 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.18 trading at $0.05 or 2.35% at ring of the bell on the day assigns it a market valuation of $416.55M. That closing price of VLD’s stock is at a discount of -430.28% from its 52-week high price of $11.56 and is indicating a premium of 41.28% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.86 million shares which gives us an average trading volume of 1.38 million if we extend that period to 3-months.

Velo3D Inc. (NYSE:VLD) trade information

Upright in the green during last session for gaining 2.35%, in the last five days VLD remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $2.18 price level, adding 15.83% to its value on the day. Velo3D Inc.’s shares saw a change of -72.09% in year-to-date performance and have moved -12.45% in past 5-day. Velo3D Inc. (NYSE:VLD) showed a performance of -39.11% in past 30-days. Number of shares sold short was 8.69 million shares which calculate 6.01 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $3.78 to the stock, which implies a rise of 42.33% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $4.80. It follows that stock’s current price would drop -120.18% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.26% for stock’s current value.

Velo3D Inc. (VLD) estimates and forecasts

Statistics highlight that Velo3D Inc. is scoring comparatively higher than the scores of other players of the relevant industry. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 219.70% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $24.23 million for the same. And 5 analysts are in estimates of company making revenue of $31.62 million in the next quarter that will end on Dec 2022. Company posted $8.71 million and $10.41 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 178.20% while estimating it to be 203.70% for the next quarter.

In 2022, company’s earnings growth rate is likely to be around 61.20% while estimates for its earnings growth in next 5 years are of 17.00%.

VLD Dividends

Velo3D Inc. is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Velo3D Inc. (NYSE:VLD)’s Major holders

Insiders are in possession of 15.14% of company’s total shares while institution are holding 61.43 percent of that, with stock having share float percentage of 72.38%. Investors also watch the number of corporate investors in a company very closely, which is 61.43% institutions for Velo3D Inc. that are currently holding shares of the company. Deer Management Co. LLC is the top institutional holder at VLD for having 37.86 million shares of worth $52.25 million. And as of Jun 29, 2022, it was holding 20.47% of the company’s outstanding shares.

The second largest institutional holder is VK Services, LLC, which was holding about 30.35 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 16.41% of outstanding shares, having a total worth of $41.88 million.

On the other hand, ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 6.79 million shares of worth $26.77 million or 3.67% of the total outstanding shares. The later fund manager was in possession of 4.6 million shares on Jun 29, 2022, making its stake of worth around $6.35 million in the company or a holder of 2.49% of company’s stock.

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