During the last session, Velo3D Inc. (NYSE:VLD)’s traded shares were 1.05 million. At the end of the trading day, the stock’s price was $1.70, reflecting an intraday loss of -4.49% or -$0.08. The 52-week high for the VLD share is $5.95, that puts it down -250.0 from that peak though still a striking 24.71% gain since the share price plummeted to a 52-week low of $1.28. The company’s market capitalization is $332.98M, and the average intraday trading volume over the past 10 days was 1.64 million shares, and the average trade volume was 1.57 million shares over the past three months.
Velo3D Inc. (VLD) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. VLD has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.08.
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Velo3D Inc. (NYSE:VLD) trade information
Velo3D Inc. (VLD) registered a -4.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.49% in intraday trading to $1.70 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -1.73%, and it has moved by -15.84% in 30 days. Based on these gigs, the overall price performance for the year is -30.89%. The short interest in Velo3D Inc. (NYSE:VLD) is 11.48 million shares and it means that shorts have 8.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.20, which implies an increase of 46.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $3.40 respectively. As a result, VLD is trading at a discount of -100.0% off the target high and -76.47% off the low.
Velo3D Inc. (VLD) estimates and forecasts
Statistics show that Velo3D Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Velo3D Inc. (VLD) shares have gone down -23.08% during the last six months, with a year-to-date growth rate more than the industry average at 29.27% against 5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 20.00% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 50.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $27.25 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $30.22 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $19.64 million and $19.11 million respectively. In this case, analysts expect current quarter sales to grow by 38.70% and then jump by 58.10% in the coming quarter.
While earnings are projected to return 102.70% in 2023, the next five years will return 17.00% per annum.
Velo3D Inc. is due to release its next quarterly earnings on May 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Velo3D Inc. (NYSE:VLD)’s Major holders
Velo3D Inc. insiders own 14.87% of total outstanding shares while institutional holders control 61.14%, with the float percentage being 71.83%. Deer Management Co. LLC is the largest shareholder of the company, while 142 institutions own stock in it. As of Mar 30, 2023, the company held over 37.86 million shares (or 19.67% of all shares), a total value of $85.95 million in shares.
The next largest institutional holding, with 30.35 million shares, is of VK Services, LLC’s that is approximately 15.77% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $68.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Velo3D Inc. (VLD) shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Baron Partners Fund. Data provided on Mar 30, 2023 indicates that ARK ETF Tr-ARK Autonomous Technology & Robotics ETF owns about 6.78 million shares. This amounts to just over 3.52 percent of the company’s overall shares, with a $15.38 million market value. The same data shows that the other fund manager holds slightly less at 5.75 million, or about 2.99% of the stock, which is worth about $10.29 million.