Buying Velo3D Inc. (VLD) Stock Is A Smart Move Today?

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MDVL Stock
MDVL Stock

Velo3D Inc. (NYSE:VLD) traded with a subtraction of -$0.31 to $4.32 on Thursday, a downside of -6.80 percent. An average of 1,070,407 shares of common stock have been traded in the last five days. There was a fall of -$0.55 in the past week. The last 20 days have seen an average of 1,174,802 shares traded, while the 50-day average volume stands at 1,897,927.

VLD stock has increased by 17.51% in the last month. The company shares reached their 1-month lowest point of $3.77 on 08/29/22. Shares of the company touched a low of $1.28 and a high of $13.18 in 52 weeks. It has reached a new high 9 times so far this year and lost -40.72% or -$3.52 in price. In spite of this, the price is down -67.26% from the 52-week high.


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Valuation Metrics

Velo3D Inc. (VLD) has a trailing price-to-sales (P/S) ratio at 17.63, the price-to-book (PB) ratio at 4.68.

Financial Health

The quick ratio of Velo3D Inc. for the three months ended March 30 was 3.00, and the current ratio was 4.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.04 for the quarter ending March 30. Its gross profit as reported stood at $4.96 million compared to revenue of $27.44 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Velo3D Inc.’s return on assets was -6.10%.

Earnings Surprise

For the three-month period that ended March 30, Velo3D Inc. had $98.29 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $127.95 million in the quarter, while revenues of -$65.34 million were grew 102.08%. The analyst consensus anticipated Velo3D Inc.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.13, a -30.00% surprise. For the quarter, EBITDA amounted to -$25.15 million. Shareholders own equity worth $184.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Velo3D Inc. (VLD) price momentum. RSI 9-day as of the close on 21 September was 45.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 317.49%.

As of today, VLD’s price is $4.56 -11.36% or -$0.55 from its 5-day moving average. VLD is currently trading -4.03% lower than its 20-day SMA and +22.57% higher than its 100-day SMA. However, the stock’s current price level is +85.71% above the SMA50 and -52.44% below the SMA200.

The stochastic %K and %D were 55.99% and 63.81%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 40.62% and the average true range at 0.42, the RSI (14) stands at 49.82%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.09.

Analyst Ratings

Credit Suisse launched coverage on Velo3D Inc. (NYSE: VLD) in its analyst report released on August 17, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Velo3D Inc. (VLD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VLD, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.00 and $6.00, with a median target of $5.58. Taking a look at these predictions, the average price target given by analysts for Velo3D Inc. (VLD) stock is $4.79.

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