The Insider Activity Of Velo3D Inc. (VLD) Should Not Be Ignored

As of Friday close, Velo3D Inc.’s (NYSE:VLD) stock was up $0.23, moving up 8.61 percent to $2.90. The average number of shares traded per day over the past five days has been 3,119,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.40 fall in that time frame. In the last twenty days, the average volume was 2,054,410, while in the previous 50 days, it was 1,357,000.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Since last month, VLD stock retreated -47.27%. Shares of the company fell to $2.18 on 05/12/22, the lowest level in the past month. Since the beginning of this year, VLD’s stock price has dropped by -62.87% or -$4.91, and marked a new high 9 times. However, the stock has declined by -78.00% since its 52-week high.

Financial Health

In the three months ended September 29, Velo3D Inc.’s quick ratio stood at 5.30, while its current ratio was 5.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.03, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 18.10% percent. Based on annual data, VLD earned $4.96 million in gross profit and brought in $27.44 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VLD’s revenue rose 100.0% to $8.71 million during the quarter, while net income inched up to $18.73 million. While analysts expected Velo3D Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.74 per share. During the quarter, the company generated -$36.38 million in EBITDA. The liabilities of Velo3D Inc. were 192.3 million at the end of its most recent quarter ended September 29, and its total debt was $29.97 million. The value of shareholders’ equity is $183.56 million.

Technical Picture

This quick technical analysis looks at Velo3D Inc.’s (VLD) price momentum. With a historical volatility rate of 62.65%, the RSI 9-day stood at 28.56% on 13 May.

With respect to its five-day moving average, the current Velo3D Inc. price is down by -12.12% percent or -$0.40. At present, VLD shares trade -44.12% below its 20-day simple moving average and -60.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -59.33% below its SMA50.

Stochastic coefficient K was 19.98% and Stochastic coefficient D was 10.75%, while ATR was 0.39. Given the Stochastic reading of 32.00% for the 14-day period, the RSI (14) reading has been calculated as 27.60%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.55.

Analyst Ratings

Velo3D Inc. downgraded its rating on Velo3D Inc. (NYSE: VLD) to an Underperform in a note to investors on March 04, 2022. The analysts firm previously had a Neutral rating on the stock.Velo3D Inc. (VLD) has been rated Overweight by analysts. According to 0 brokerage firms, VLD is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Velo3D Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $6.00, the current consensus forecast for the stock is $6.00 – $6.00. Based on these forecasts, analysts predict Velo3D Inc. (VLD) will achieve an average price target of $6.00.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles