Velo3D Inc (NYSE: VLD): The Stock For Success Over The Next Few Months

In the last trading session, 4.39 million Velo3D Inc (NYSE:VLD) shares changed hands as the company’s beta touched 2.01. With the company’s per share price at $0.27 changed hands at $0.01 or 2.78% during last session, the market valuation stood at $57.51M. VLD’s last price was a discount, traded about -1362.96% off its 52-week high of $3.95. The share price had its 52-week low at $0.19, which suggests the last value was 29.63% up since then. When we look at Velo3D Inc’s average trading volume, we note the 10-day average is 5.55 million shares, with the 3-month average coming to 0.81.

Velo3D Inc (NYSE:VLD) trade information

Instantly VLD was in green as seen at the end of in last trading. With action 5.55%, the performance over the past five days has been green. The jump to weekly highs of 0.2840 added 2.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -32.09%, with the 5-day performance at 5.55% in the green. However, in the 30-day time frame, Velo3D Inc (NYSE:VLD) is -11.65% down. Looking at the short shares, we see there were 21.83 million shares sold at short interest cover period of 3.85 days.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Velo3D Inc (VLD) estimates and forecasts

Year-over-year growth is forecast to reach 32.80% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $19.5 million. 1 analysts are of the opinion that Velo3D Inc’s revenue for the quarter ending Mar 2024 will be $20.9 million. The company’s revenue for the corresponding quarters a year ago was $29.78 million and $26.06 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -34.50%. The estimates for the next quarter sales put growth at -19.80%.

Velo3D Inc (NYSE:VLD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 11.54% of Velo3D Inc shares while 45.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.32%. There are 45.40% 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.

On Key

Related Posts