Velo3D, Inc. (NYSE:VLD – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $4.36, but opened at $4.49. Velo3D shares last traded at $4.03, with a volume of 6,959 shares trading hands.
Wall Street Analyst Weigh In
Separately, Credit Suisse Group assumed coverage on Velo3D in a research report on Tuesday, August 16th. They set a “neutral” rating and a $5.40 price target on the stock.
Velo3D Stock Performance
The stock has a market cap of $774.98 million, a PE ratio of -1.33 and a beta of 4.65. The company has a fifty day moving average price of $4.02 and a 200 day moving average price of $4.13. The company has a quick ratio of 3.00, a current ratio of 4.16 and a debt-to-equity ratio of 0.01.
Institutional Trading of Velo3D
Several large investors have recently bought and sold shares of the company. Northern Trust Corp purchased a new stake in Velo3D during the 4th quarter valued at $832,000. Raymond James & Associates bought a new position in shares of Velo3D during the 4th quarter valued at about $157,000. Qube Research & Technologies Ltd raised its position in shares of Velo3D by 95.1% during the 4th quarter. Qube Research & Technologies Ltd now owns 81,922 shares of the company’s stock valued at $640,000 after buying an additional 39,922 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Velo3D during the 4th quarter valued at about $1,208,000. Finally, Deer Management Co. LLC purchased a new stake in shares of Velo3D during the 4th quarter valued at about $295,720,000. 62.00% of the stock is owned by institutional investors.
Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.
- Get a free copy of the StockNews.com research report on Velo3D (VLD)
- Why Does Tesla Stock Remain Resilient?
- 2 Semiconductor Stocks To Watch For Reversals
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
Receive News & Ratings for Velo3D Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Velo3D and related companies with MarketBeat.com's FREE daily email newsletter.