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.
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.
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