Velo3D Inc. (NYSE:VLD) saw an upside of 7.20% to $1.49 after adding $0.1 on Tuesday. The 5-day average trading volume is 1,387,982 shares of the company’s common stock. It has gained $1.5600 in the past week and touched a new high 3 times within the past 5 days. An average of 1,472,175 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,426,854.
VLD’s 1-month performance is -34.07% or -$0.7400 on its low of $1.3350 reached on 08/16/23. The company’s shares have touched a 52-week low of $1.34 and high of $5.05, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, VLD has lost -16.75% or -$0.2800 and has reached a new high 17 times. However, the current price is down -70.49% from the 52-week high price.
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Insider Transactions
VLD stock investors last saw insider trading activity on Jun 14.Idelchik Michael (Director) most recently sold 54,385 shares at $1.93 per share on Jun 14. This transaction cost the insider $105,050. Director, Pawlikowski Ellen M, sold 24,363 shares at a price of $1.93 on Jun 14. Then, on Jun 14, Director Walters Matthew Joseph sold 21,754 shares at a price of $1.93 per share. This transaction amounted to $42,031.
Valuation Metrics
VLD stock has a beta of 2.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.14 while the price-to-book (PB) in the most recent quarter is 2.33.
Velo3D Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 4.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.10. In terms of profitability, the gross margin trailing 12 months is 6.10%. The trailing 12-month EBITDA margin is -122.55%. The firm’s gross profit as reported stood at $2.89 million against revenue of $80.76 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 651.51% to -$23.2 million, while revenue of -$36.2 million was -56.03% off the previous quarter. Analysts expected VLD to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.1, representing a -25.00% surprise. EBITDA for the quarter stood at more than -$24.24 million. VLD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 96.21 million, with total debt at $35.77 million. Shareholders hold equity totaling $196.75 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 21 August was 36.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 201.36%.
The stock’s 5-day moving average is $1.4160, reflecting a +5.59% or $0.0800 change from its current price. VLD is currently trading -30.73% above its 20-day SMA, -33.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.64% and SMA200 by-59.52%.
Stochastic %K and %D was 12.58% and 8.84% and the average true range (ATR) pointed at 0.1340. The RSI (14) points at 36.69%, while the 14-day stochastic is at 23.81% with the period’s ATR at 0.1386. The stock’s 9-day MACD Oscillator is pointing at -0.0533 and -0.2117 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.
