Take A Look At Insider Trading For Velodyne Lidar Inc. (VLDR)

The stock of Velodyne Lidar Inc. (NASDAQ:VLDR) decreased by -$0.15 on Tuesday to finish at $1.48, down -9.20 percent. The last five days have seen an average of 2,540,600 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$3.1600. The average number of shares traded over the last 20 days was 3,168,285, while the average volume over the last 50 days totaled 3,855,070.

VLDR stock dropped -27.80% since last month. On 05/12/22, the company’s shares reached a one-month low of $1.4200. The stock touched a high of $12.79 on 01/03/22, after rallying from a low of $1.42 in 52 weeks. The price of VLDR stock has declined by -68.10% or -$3.1600 this year, reaching a new high 1 time. Still, the stock price is down -88.43% from the 52-week high.

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Insider Transactions

There have been 13 days since Velodyne Lidar Inc. (VLDR) last reported insider trading activity on May 12. On May 12, CFO and Treasurer Hamer Andrew sold 2,070 shares at $1.46 each. This transaction resulted in the insider making $3,022. On May 12, Barnhart James sold 873 shares at a price of US$1.48. After the transaction, the insider now owns 1,103,019 shares. Chief Technology Officer Rekow Mathew had earlier sold 2,607 shares on May 12 for $1.46 a share. The transaction was completed for $3,806.

Valuation Metrics

Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.56, the price-to-book (PB) ratio of 1.13.

Financial Health

For the three months ended March 30, Velodyne Lidar Inc.’s quick ratio was 6.10, while its current ratio was 6.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -34.00% percent. Based on annual data, it had gross profit of -$5.91 million and revenue of $61.92 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VLDR’s return on assets (ROA) during the last 12 months has been -57.00%. There was a -74.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -70.40%.

Earnings Surprise

According to Velodyne Lidar Inc.’s quarterly financial report for the quarter that ended March 30, it had $225.33 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.18 million, while revenues fell by -923.62% to -$0.96 million. It was predicted that Velodyne Lidar Inc.’s quarterly earnings would be -$0.22, but it ended up being -$0.18, beating the consensus by -22.20%. EBITDA was -$46.3 million for the quarter. At the end of Velodyne Lidar Inc.’s most recent quarter ended March 30, its liabilities totaled 73.2 million, while its total debt was $17.85 million. Equity owned by shareholders amounts to $207.96 million.

Technical Picture

Here’s a quick look at Velodyne Lidar Inc.’s (VLDR) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 33.84%, suggesting the stock is Neutral, with a 114.73% historical volatility rate.

The stochastic %K and %D were 23.79% and 32.72% respectively, while the average true range (ATR) was 0.1690. Based on the 14-day stochastic reading of 9.84%, the RSI (14) reading is 35.56%. On the 9-day MACD Oscillator, the stock is at -0.0944, and the 14-day reading is at -0.0938.

Analyst Ratings

Velodyne Lidar Inc. (NASDAQ: VLDR) was downgraded by Craig Hallum to a a Sell rating in its latest research report. The stock was previously rated as a a Hold. Analysts have assigned Velodyne Lidar Inc. (VLDR) an Hold rating. VLDR is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

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

The current consensus forecast for the stock is between $1.50 and $12.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Velodyne Lidar Inc. (VLDR) is $3.31.


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