In today’s recent session, 0.96 million shares of the Valens Semiconductor Ltd (NYSE:VLN) have been traded, and its beta is 0.44. Most recently the company’s share price was $2.17, and it changed around $0.14 or 7.14% from the last close, which brings the market valuation of the company to $231.18M. VLN at last check was trading at a discount to its 52-week high of $3.39, offering almost -56.22% off that amount. The share price’s 52-week low was $1.67, which indicates that the recent value has risen by an impressive 23.04% since then. We note from Valens Semiconductor Ltd’s average daily trading volume that its 10-day average is 0.75 million shares, with the 3-month average coming to 284.99K.
Valens Semiconductor Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended VLN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Valens Semiconductor Ltd is expected to report earnings per share of -0.04 for the current quarter.
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Valens Semiconductor Ltd (NYSE:VLN) trade information
Instantly VLN has been showing a green trend so far today with a performance of 7.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.16 on recent trading daydecreased the stock’s daily price by -0.46%. The company’s shares are currently down -11.22% year-to-date, but still up 5.58% over the last five days. On the other hand, Valens Semiconductor Ltd (NYSE:VLN) is 16.31% up in the 30-day period. We can see from the shorts that 0.2 million shares have been sold at a short interest cover period of 0.66 day(s).
Valens Semiconductor Ltd (VLN) estimates and forecasts
Valens Semiconductor Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -31.60 percent over the past six months and at a -240.00% annual growth rate that is well below the industry average of 0.20%. The year-over-year growth rate is expected to be -31.88%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 16.2M in revenue for the current quarter. 2 analysts expect Valens Semiconductor Ltd to make 16M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.94M and 11.56M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -26.16%. Forecasts for the next quarter put sales growth at 38.42%. Valens Semiconductor Ltd earnings are expected to increase by -353.33% in 2024, but the outlook is positive 22.40% per year for the next five years.
Valens Semiconductor Ltd (NYSE:VLN)’s Major holders
CLAL INSURANCE ENTERPRISES HOLDINGS LTD, with 2.1529% or 2.24 million shares worth $7.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
