Views On Velo3D Inc. (VLD) From A Technical Perspective

The stock of Velo3D Inc. (NYSE:VLD) increased by $0.04 on Tuesday to finish at $1.80, up 2.27 percent. The last five days have seen an average of 2,893,860 shares of common stock traded. The average number of shares traded over the last 20 days was 2,267,630, while the average volume over the last 50 days totaled 2,056,244.

VLD stock dropped -32.33% since last month. On 06/14/22, the company’s shares reached a one-month low of $1.5700. The stock touched a high of $13.18, after rallying from a low of $1.57 in 52 weeks. The price of VLD stock has declined by -76.95% or -$6.0100 this year, reaching a new high 9 times. Still, the stock price is down -86.34% from the 52-week high.


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Financial Health

For the three months ended December 30, Velo3D Inc.’s quick ratio was 5.30, while its current ratio was 5.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.03, and the total debt to equity ratio is 0.07. As far as profitability goes, gross margin for the trailing twelve months is 8.60% percent. Based on annual data, it had gross profit of $4.96 million and revenue of $27.44 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VLD’s return on assets (ROA) during the last 12 months has been -46.00%. There was a -91.40% return on investment (ROI) in the past year.

Earnings Surprise

According to Velo3D Inc.’s quarterly financial report for the quarter that ended December 30, it had $81.73 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 $12.22 million, while revenues rose by 100.0% to $18.73 million. It was predicted that Velo3D Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.08, beating the consensus by -25.00%. EBITDA was -$27.15 million for the quarter. At the end of Velo3D Inc.’s most recent quarter ended December 30, its liabilities totaled 237.87 million, while its total debt was $19.51 million. Equity owned by shareholders amounts to $183.86 million.

Technical Picture

Here’s a quick look at Velo3D Inc.’s (VLD) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 37.62%, suggesting the stock is Neutral, with a 62.65% historical volatility rate.

The stochastic %K and %D were 20.49% and 16.83% respectively, while the average true range (ATR) was 0.2077. Based on the 14-day stochastic reading of 23.47%, the RSI (14) reading is 33.23%. On the 9-day MACD Oscillator, the stock is at -0.0533, and the 14-day reading is at -0.1974.

Analyst Ratings

Velo3D Inc. (NYSE: VLD) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Velo3D Inc. (VLD) an Overweight rating. VLD is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

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

The current consensus forecast for the stock is between $2.00 and $6.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Velo3D Inc. (VLD) is $4.67.

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