Weekly Performance Analysis for Velodyne Lidar Inc. (VLDR)

Velodyne Lidar Inc. (NASDAQ:VLDR) saw an upside of 4.31% to close Monday at $6.05 after adding $0.25 on the day. The 5-day average trading volume is 2,369,580 shares of the company’s common stock. It has gained $6.28 in the past week. An average of 3,123,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,112,914.

VLDR’s 1-month performance is -6.78% or -$0.44 on its low of $5.55 reached on 10/06/21. The company’s shares have touched a 52-week low of $5.55 and high of $30.81, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, VLDR has lost -73.49% or -$16.77. However, the current price is down -80.36%% from the 52-week high price.


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Insider Transactions

On Sep 08, 34 days have gone by since the last insider trading activity for Velodyne Lidar Inc. (VLDR). Frykman Sally (Chief Marketing Officer) most recently sold 1,480 shares at $6.55 per share on Sep 08. This transaction cost the insider $9,694. CFO and Treasurer, Hamer Andrew, sold 2,379 shares at a price of $6.55 on Sep 08. Then, on Sep 08, Vice President of Sales, NA Tarman Laura sold 490 shares at a price of $6.55 per share. This transaction amounted to $3,210.

Valuation Metrics

Velodyne Lidar Inc. (VLDR) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 36.91 for the sector.VLDR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.80 while the price-to-book (PB) in the most recent quarter is 3.20.

Velodyne Lidar Inc.’s quick ratio for the period ended June 29 was 9.30, with the current ratio over the same period at 9.80 meaning that VLDR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 7.10%. The trailing 12-month EBITDA margin is -154.21%. The firm’s gross profit as reported stood at $25.12 million against revenue of $95.36 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Velodyne Lidar Inc.’s cash and short-term investments amounted to $228.41 million against total debt of $19.3 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected VLDR to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.18, representing a -28.60% surprise. EBITDA for the quarter stood at more than -$87.04 million. VLDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 70.9 million, with total debt at $19.3 million. Shareholders hold equity totaling $195.56 million

Technical Picture

Let’s look briefly at Velodyne Lidar Inc. (VLDR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 49.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.66%.

The stock’s 5-day moving average is $5.84, reflecting a +6.51% or $0.37 change from its current price. VLDR is currently trading -6.92% above its 20-day SMA, -42.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -24.47% and -77.17% respectively.

Stochastic %K and %D was 30.56% and 23.52% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 45.31%, while the 14-day stochastic is at 41.67% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.07 and -0.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Velodyne Lidar Inc. (NASDAQ: VLDR), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for VLDR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VLDR as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is VLDR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $7.00 and a high of $30.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for Velodyne Lidar Inc. (VLDR) stock is $12.38.

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