How Have Insiders Been Trading Velo3D Inc. (VLD) Stock?

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Velo3D Inc. (NYSE:VLD) saw a downside of -5.02% to $2.08 after subtracting -$0.11 on Wednesday. The 5-day average trading volume is 1,095,627 shares of the company’s common stock. It has gained $2.32 in the past week and touched a new high 4 times within the past 5 days. An average of 1,278,467 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,470,061.

VLD’s 1-month performance is 21.67% or $0.16 on its low of $1.50 reached on 12/28/22. The company’s shares have touched a 52-week low of $1.28 and high of $10.90, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, VLD has achieved 22.35% or $0.26 and has reached a new high 8 times. However, the current price is down -80.92% from the 52-week high price.

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Insider Transactions

VLD stock investors last saw insider trading activity on Nov 16.Youssef Renette (Chief Marketing Officer) most recently sold 10,191 shares at $2.61 per share on Nov 16. This transaction cost the insider $26,646. Chief Financial Officer, McCombe William D., sold 14,470 shares at a price of $2.61 on Nov 16. Then, on Nov 16, Vice President, Finance Chung Bernard sold 2,424 shares at a price of $2.61 per share. This transaction amounted to $6,338.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.97 while the price-to-book (PB) in the most recent quarter is 3.59.

Velo3D Inc.’s quick ratio for the period ended September 29 was 2.30, with the current ratio over the same period at 3.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.04, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 4.60%. The firm’s gross profit as reported stood at $4.96 million against revenue of $27.44 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Velo3D Inc.’s cash and short-term investments amounted to $72.48 million against total debt of $22.16 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 11.46% to -$75.2 million, while revenue of $127.95 million was 270.15% off the previous quarter. Analysts expected VLD to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.12, representing a -9.10% surprise. EBITDA for the quarter stood at more than -$26.73 million. VLD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 144.61 million, with total debt at $22.16 million. Shareholders hold equity totaling $186.42 million.

Let’s look briefly at Velo3D Inc. (VLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 50.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 313.29%.

The stock’s 5-day moving average is $2.16, reflecting a -3.76% or -$0.08 change from its current price. VLD is currently trading +8.47% above its 20-day SMA, -52.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.67% and SMA200 by-69.90%.

Stochastic %K and %D was 75.88% and 84.95% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 50.36%, while the 14-day stochastic is at 55.07% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Velo3D Inc. (NYSE: VLD), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for VLD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VLD as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $3.70 and a high of $4.30, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Velo3D Inc. (VLD) stock is $4.00.

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