Are Velo3D Inc (NYSE: VLD) Shares Worth Your Money In 2023?

In the latest trading session, 0.72 million Velo3D Inc (NYSE:VLD) shares changed hands as the company’s beta touched 2.43. With the company’s most recent per share price at $1.02 changing hands around $0.05 or 5.53% at last look, the market valuation stands at $201.67M. VLD’s current price is a discount, trading about -287.25% off its 52-week high of $3.95. The share price had its 52-week low at $0.92, which suggests the last value was 9.8% up since then. When we look at Velo3D Inc’s average trading volume, we note the 10-day average is 2.85 million shares, with the 3-month average coming to 1.63 million.

Velo3D Inc (NYSE:VLD) trade information

Instantly VLD is in green as seen in intraday trades today. With action -24.63%, the performance over the past five days has been red. The jump to weekly highs of 1.4900 on Friday, 11/17/23 added 5.53% to the stock’s daily price. The company’s shares are showing year-to-date downside of -42.74%, with the 5-day performance at -24.63% in the red. However, in the 30-day time frame, Velo3D Inc (NYSE:VLD) is -31.67% down. Looking at the short shares, we see there were 15.94 million shares sold at short interest cover period of 11.85 days.

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Velo3D Inc (NYSE:VLD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.29% of Velo3D Inc shares while 61.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.01%. There are 61.00% institutions holding the Velo3D Inc stock share, with Deer Management Co. LLC the top institutional holder. As of Jun 29, 2023, the company held 19.24% of the shares, roughly 37.86 million VLD shares worth $81.79 million.

VK Services, LLC holds the second largest percentage of outstanding shares, with 15.43% or 30.35 million shares worth $65.56 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard Total Stock Market Index Fund. With 8.18 million shares estimated at $12.77 million under it, the former controlled 4.16% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.44% of the shares, roughly 4.79 million shares worth around $10.35 million.

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