Velo3D (NYSE:VLD) Hits New 52-Week Low at $5.69

Velo3D Inc (NYSE:VLD)’s stock price reached a new 52-week low on Thursday . The company traded as low as $5.69 and last traded at $5.69, with a volume of 4974 shares. The stock had previously closed at $5.87.

A number of analysts recently weighed in on VLD shares. Zacks Investment Research raised shares of Velo3D from a “sell” rating to a “hold” rating in a research note on Friday, January 7th. Needham & Company LLC started coverage on shares of Velo3D in a research note on Tuesday, October 26th. They issued a “buy” rating and a $15.00 price objective for the company. William Blair started coverage on shares of Velo3D in a research note on Monday, October 25th. They issued an “outperform” rating for the company. Finally, Bank of America initiated coverage on shares of Velo3D in a research note on Wednesday. They issued a “neutral” rating for the company.

The firm’s 50-day moving average price is $9.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.44 and a current ratio of 4.65.

Velo3D (NYSE:VLD) last released its quarterly earnings results on Tuesday, November 9th. The company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.70). The business had revenue of $8.71 million for the quarter, compared to analyst estimates of $7.50 million. Analysts anticipate that Velo3D Inc will post -0.33 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. acquired a new position in Velo3D in the 3rd quarter worth approximately $29,000. Morgan Stanley acquired a new position in Velo3D in the 3rd quarter worth approximately $61,000. Penserra Capital Management LLC acquired a new position in Velo3D in the 3rd quarter worth approximately $79,000. Levin Capital Strategies L.P. purchased a new stake in Velo3D in the 3rd quarter worth approximately $84,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Velo3D in the 3rd quarter worth approximately $103,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

About Velo3D (NYSE:VLD)

Velo3D is a metal 3D printing technology company. It provides end-to-end additive manufacturing solutions. The end-to-end solution includes the Flow(TM) print preparation software, the Sapphire(R)family of printers, and the Assure(TM) quality control system all of which are powered by Velo3D’s Intelligent Fusion(TM) manufacturing process.

See Also: P/E Growth (PEG)

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