Valens Semiconductor Ltd (NYSE:VLN) has a beta value of 0.44 and has seen 0.52 million shares traded in the recent trading session. The company, currently valued at $221.08M, closed the recent trade at $2.08 per share which meant it gained $0.02 on the day or 0.97% during that session. The VLN stock price is -62.98% off its 52-week high price of $3.39 and 19.71% above the 52-week low of $1.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.85 million shares traded. The 3-month trading volume is 343.58K shares.
The consensus among analysts is that Valens Semiconductor Ltd (VLN) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
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Valens Semiconductor Ltd (NYSE:VLN) trade information
Sporting 0.97% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VLN stock price touched $2.08 or saw a rise of 9.17%. Year-to-date, Valens Semiconductor Ltd shares have moved -15.10%, while the 5-day performance has seen it change 2.46%. Over the past 30 days, the shares of Valens Semiconductor Ltd (NYSE:VLN) have changed 8.90%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 0.66.
Valens Semiconductor Ltd (VLN) estimates and forecasts
Figures show that Valens Semiconductor Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -33.12% over the past 6 months, with this year growth rate of -240.00%, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be -31.88%.
2 analysts offering their estimates for the company have set an average revenue estimate of 16.2M for the current quarter. 2 have an estimated revenue figure of 16M for the next ending quarter. Year-ago sales stood 21.94M and 11.56M respectively for this quarter and the next, and analysts expect sales will shrink by -26.16% for the current quarter and -31.88% for the next.
Earnings growth for 2024 is a modest -353.33% while over the next 5 years, the company’s earnings are expected to increase by 22.40%.
VLN Dividends
Valens Semiconductor Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Valens Semiconductor Ltd (NYSE:VLN)’s Major holders
The top two institutional holders are LINSE CAPITAL LLC with over 11.19 million shares worth more than $35.7 million. As of 2024-06-30, LINSE CAPITAL LLC held 10.7553% of shares outstanding.
The other major institutional holder is CLAL INSURANCE ENTERPRISES HOLDINGS LTD, with the holding of over 2.24 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.15 million and represent 2.1529% of shares outstanding.
Also the top two Mutual Funds that are holding company’s 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. As of Jul 31, 2024, the former fund manager holds about 0.86% shares in the company for having 914.88 shares of worth $1.85 million while later fund manager owns 299.59 shares of worth $0.61 million as of Sep 30, 2024, which makes it owner of about 0.28% of company’s outstanding stock.
