Does Velo3D Inc (NYSE:VLD) presents a BIG investment opportunity?

Stocks of Velo3D Inc (NYSE:VLD) traded higher last session on Wall Street, down -8.37% to $0.97.

According to the data, Velo3D Inc (NYSE:VLD) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.10 and a low of $1.48, we find $2.00. Given the previous closing price of $1.06, this indicates a potential upside of 88.68 percent. VLD stock price is now -31.41% away from the 50-day moving average and -51.13% away from the 200-day moving average. The market capitalization of the company currently stands at $191.10M.

A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.86 as their price target over the next twelve months.

With the price target of $5.40, Credit Suisse recently initiated with Neutral rating for Velo3D Inc (NYSE: VLD).

In other news, Buller Benyamin, Chief Executive Officer sold 22,238 shares of the company’s stock on Aug 21. The stock was sold for $33,135 at an average price of $1.49. Upon completion of the transaction, the Chief Executive Officer now directly owns 5,066,092 shares in the company, valued at $4.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21, Chief Financial Officer McCombe William D. sold 11,201 shares of the business’s stock. A total of $16,689 was realized by selling the stock at an average price of $1.49. This leaves the insider owning 169,998 shares of the company worth $0.16 million. Insiders disposed of 237,043 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 49.77% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $1.0900 for Velo3D Inc (NYSE: VLD). During the past 12 months, Velo3D Inc has had a low of $1.04 and a high of $3.95. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 3.11, and a quick ratio of 1.74. The fifty day moving average price for VLD is $1.4058 and a two-hundred day moving average price translates $1.9785 for the stock.

The latest earnings results from Velo3D Inc (NYSE: VLD) was released for Sep, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.08 by -0.02. This compares to $0.63 EPS in the same period last year. The net profit margin was -50.99% and return on equity was -49.93% for VLD. The company reported revenue of $25.13 million for the quarter, compared to $19.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.95 percent. For the current quarter, analysts expect VLD to generate $19.5M in revenue.

Velo3D Inc(VLD) Company Profile

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. It offers Flow, a proprietary software platform, which scans part designs for geometrical features; Sapphire and Sapphire XC printers; Assure, a quality control software platform that includes process metrologies; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. The company also provides support services. Its customers range from small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, energy, and industrial markets. The company was founded in 2014 and is headquartered in Campbell, California.