During the last session, Valens Semiconductor Ltd (NYSE:VLN)’s traded shares were 0.57 million, with the beta value of the company hitting 0.45. At the end of the trading day, the stock’s price was $1.96, reflecting an intraday loss of -5.31% or -$0.11. The 52-week high for the VLN share is $3.39, that puts it down -72.96 from that peak though still a striking 14.8% gain since the share price plummeted to a 52-week low of $1.67. The company’s market capitalization is $208.33M, and the average intraday trading volume over the past 10 days was 0.22 million shares, and the average trade volume was 165.43K shares over the past three months.
Valens Semiconductor Ltd (VLN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. VLN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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 -0.04.
Valens Semiconductor Ltd (NYSE:VLN) trade information
Valens Semiconductor Ltd (VLN) registered a -5.31% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.31% in intraday trading to $1.96, hitting a weekly high. The stock’s 5-day price performance is 2.62%, and it has moved by 5.38% in 30 days. Based on these gigs, the overall price performance for the year is -5.31%. The short interest in Valens Semiconductor Ltd (NYSE:VLN) is 0.18 million shares and it means that shorts have 1.01 day(s) to cover.
Valens Semiconductor Ltd (VLN) estimates and forecasts
Statistics show that Valens Semiconductor Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Valens Semiconductor Ltd (VLN) shares have gone down -27.94% during the last six months, with a year-to-date growth rate less than the industry average at -240.00% against -2.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -166.67% this quarter and then jump 33.33% in the quarter after that. In the rating firms’ projections, revenue will decrease -31.86% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.2M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 16M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 21.94M and 11.56M respectively. In this case, analysts expect current quarter sales to shrink by -26.16% and then jump by 38.42% in the coming quarter.
While earnings are projected to return -230.00% in 2024, the next five years will return 22.40% per annum.
VLN Dividends
Valens Semiconductor Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 2.24 million shares, is of CLAL INSURANCE ENTERPRISES HOLDINGS LTD’s that is approximately 2.1529% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Valens Semiconductor Ltd (VLN) shares are Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I and Columbia Fds Var Ins Tr-Columbia Var Port-Small Cap Value Fd . Data provided on Jul 31, 2024 indicates that Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I owns about 914.88 shares. This amounts to just over 0.86 percent of the company’s overall shares, with a $1.79 million market value. The same data shows that the other fund manager holds slightly less at 308.27, or about 0.29% of the stock, which is worth about $0.6 million.
