Velodyne Lidar Inc. (VLDR) touched a new high 1 time within the past 5 days.

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Velodyne Lidar Inc. (NASDAQ:VLDR) saw a downside of -2.39% to close Tuesday at $0.73 after subtracting -$0.02 on the day. The 5-day average trading volume is 2,172,120 shares of the company’s common stock. It has gained $0.8817 in the past week and touched a new high 1 time within the past 5 days. An average of 2,707,720 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,229,642.

VLDR’s 1-month performance is -28.27% or -$0.2884 on its low of $0.7200 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.71 and high of $5.41, with the stock’s rally to the 52-week high happening on 01/03/22. YTD, VLDR has lost -84.23% or -$3.9084 and has reached a new high 1 time. However, the current price is down -86.48% from the 52-week high price.


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Insider Transactions

VLDR stock investors last saw insider trading activity on Dec 22.Tewksbury Ted L III (Chief Executive Officer) most recently sold 158,559 shares at $0.79 per share on Dec 22. This transaction cost the insider $125,262. Chief People Officer, McBeath Kathryn, sold 2,367 shares at a price of $0.97 on Dec 15. Then, on Dec 15, SVP of Worldwide Sales Tarman Laura sold 2,528 shares at a price of $0.97 per share. This transaction amounted to $2,452.

Valuation Metrics

VLDR stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.09 while the price-to-book (PB) in the most recent quarter is 0.72.

Velodyne Lidar Inc.’s quick ratio for the period ended June 29 was 5.30, with the current ratio over the same period at 5.50.. In terms of profitability, the gross margin trailing 12 months is -54.70%. The firm’s gross profit as reported stood at -$5.91 million against revenue of $61.92 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Velodyne Lidar Inc.’s cash and short-term investments amounted to $168.57 million against total debt of $17.54 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -31.64% to -$41.56 million, while revenue of -$44.3 million was -6.59% off the previous quarter. Analysts expected VLDR to announce -$0.21 per share in earnings in its latest quarter, but it posted -$0.18, representing a 14.30% surprise. EBITDA for the quarter stood at more than -$40.87 million. VLDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 70.38 million, with total debt at $17.54 million. Shareholders hold equity totaling $237.59 million.

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 27 December was 21.95% to suggest the stock is trending oversold, with historical volatility in this time period at 64.93%.

The stock’s 5-day moving average is $0.7835, reflecting a -11.88% or -$0.0986 change from its current price. VLDR is currently trading -27.56% above its 20-day SMA, -42.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.53% and SMA200 by-65.49%.

Stochastic %K and %D was 2.01% and 2.79% and the average true range (ATR) pointed at 0.0706. The RSI (14) points at 30.85%, while the 14-day stochastic is at 3.05% with the period’s ATR at 0.0743. The stock’s 9-day MACD Oscillator is pointing at -0.0981 and -0.1600 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Velodyne Lidar Inc. (NASDAQ: VLDR), Craig Hallum upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for VLDR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate VLDR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 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 $0.85 and a high of $3.00, with their median price target at $1.08. Looking at these predictions, the average price target given by analysts is for Velodyne Lidar Inc. (VLDR) stock is $1.50.

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