Velo3D Inc (NYSE: VLD) stock jumped 14.28% on Monday to $1.11 against a previous-day closing price of $0.97. With 2.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.63 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $1.1100 whereas the lowest price it dropped to was $0.9801. The 52-week range on VLD shows that it touched its highest point at $3.95 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $1.86. Beta for the stock currently stands at 2.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VLD was down-trending over the past week, with a drop of -18.38%, but this was down by -26.00% over a month. Three-month performance dropped to -27.92% while six-month performance fell -38.33%. The stock lost -54.88% in the past year, while it has lost -37.99% so far this year. A look at the trailing 12-month EPS for VLD yields -0.29 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.08. This implies an EPS growth rate of -13.82% for this year and 42.14% for next year.
Float and Shares Shorts:
At present, 187.56 million VLD shares are outstanding with a float of 98.83 million shares on hand for trading. On Oct 30, 2023, short shares totaled 15.94 million, which was 7.96% higher than short shares on Sep 28, 2023. In addition to Mr. Benny Buller as the firm’s Founder, CEO & Director, Ms. Renette Youssef serves as its Chief Marketing Officer.
Institutional Ownership:
Other institutions hold 6.77% of VLD, in contrast to 17.05% held by mutual funds. Shares owned by individuals account for 15.10%. As the largest shareholder in VLD with 6.83% of the stake, ARK Investment Management LLC holds 13,428,463 shares worth 13,428,463. A second-largest stockholder of VLD, Nikko Asset Management Americas,, holds 7,075,990 shares, controlling over 3.60% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in VLD, holding 6,337,140 shares or 3.22% stake. With a 4.03% stake in VLD, the ARK Autonomous Technology & Robot is the largest stakeholder. A total of 7,928,219 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.44% of VLD stock, is the second-largest Mutual Fund holder. It holds 4,791,156 shares valued at 6.32 million. Baron Growth Fund holds 1.76% of the stake in VLD, owning 3,455,983 shares worth 4.56 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VLD analysts setting a high price target of $2.10 and a low target of $1.48, the average target price over the next 12 months is $1.86. Based on these targets, VLD could surge 89.19% to reach the target high and rise by 33.33% to reach the target low. Reaching the average price target will result in a growth of 67.57% from current levels.
Summary of Insider Activity:
Insiders traded VLD stock several times over the past three months with 7 Buys and 4 Sells. In these transactions, 123,939 shares were bought while 47,458 shares were sold. The number of buy transactions has increased to 57 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 948,851 while 237,043 shares were sold.
