Velo3D (NYSE:VLD) Shares Gap Up to $4.36

Velo3D, Inc. (NYSE:VLDGet 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.

Velo3D (NYSE:VLDGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.64 million for the quarter, compared to the consensus estimate of $21.09 million. Velo3D had a negative return on equity of 66.17% and a negative net margin of 36.08%. Analysts expect that Velo3D, Inc. will post -0.42 earnings per share for the current year.

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.

About Velo3D

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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.

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