The stock of Velo3D Inc (NYSE:VLD) last traded at $0.28, down -38.89% from the previous session.
VLD stock price is now -19.87% away from the 50-day moving average and -73.76% away from the 200-day moving average. The market capitalization of the company currently stands at $74.30M.
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With the price target of $5.40, Credit Suisse recently initiated with Neutral rating for Velo3D Inc (NYSE: VLD). On March 04, 2022, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $7, while ‘Needham’ rates the stock as ‘Buy’
In other news, Buller Benyamin, Director sold 2,000 shares of the company’s stock on Mar 28 ’24. The stock was sold for $864 at an average price of $0.43. Upon completion of the transaction, the Director now directly owns 5,020,706 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Director Buller Benyamin sold 2,000 shares of the business’s stock. A total of $699 was realized by selling the stock at an average price of $0.35. This leaves the insider owning 5,022,706 shares of the company worth $1.41 million. A total of 46.18% of the company’s stock is owned by insiders.
During the past 12 months, Velo3D Inc has had a low of $0.19 and a high of $2.50. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 2.43, and a quick ratio of 1.18. The fifty day moving average price for VLD is $0.3544 and a two-hundred day moving average price translates $1.0821 for the stock.
The latest earnings results from Velo3D Inc (NYSE: VLD) was released for Dec, 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 $0.17 EPS in the same period last year. The net profit margin was -169.98% and return on equity was -127.11% for VLD. The company reported revenue of $1.69 million for the quarter, compared to $27.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -93.92 percent. For the current quarter, analysts expect VLD to generate $1.81M in revenue.
