The trading price of Velo3D Inc (NYSE:VLD) closed higher on Thursday, March 29, closing at $0.46, 14.91% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.50 and a 52-week low of $0.19. Over the past month, the stock has gained 65.13% in value.
Velo3D Inc, whose market valuation is $97.05 million at the time of this writing, is expected to release its quarterly earnings report Apr 29, 2024 – May 03, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.08 per share this quarter, however they have predicted annual earnings per share of -$0.51 for 2023 and -$0.31 for 2024. It means analysts are expecting annual earnings per share growth of -24.40% this year and 39.20% next year.
Analysts have forecast the company to bring in revenue of $1.81 million for the current quarter, with the likely lows of $19.5 million and highs of $19.5 million. The average estimate suggests sales will likely down by -93.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $77.56 million. The company’s revenue is forecast to drop by -4.00% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Velo3D Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VLD has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that VLD’s price is currently 17.78% off the SMA20 and 43.30% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.65, and weekly volatility stands at 20.28%. When measured over the past 30 days, the indicator reaches 17.11%. Velo3D Inc (NYSE:VLD)’s beta value is currently sitting at 2.08, while the Average True Range indicator is currently displaying 0.08.
To see how Velo3D Inc stock has been performing in comparison to its peers in the industry, here are the numbers: VLD stock’s performance was 14.91% in the latest trading, and -78.61% in the past year.
An evaluation of the daily trading volume of Velo3D Inc (NYSE:VLD) indicates that the 3-month average is 6.89 million. However, this figure has increased over the past 10 days to an average of 9.8 million.
Currently, records show that 258.42 million of the company’s shares remain outstanding. The insiders hold 46.19% of outstanding shares, whereas institutions hold 36.61%. The stats also highlight that short interest as of Mar 15, 2024, stood at 32.24 million shares, resulting in a short ratio of 5.05 at that time. From this, we can conclude that short interest is 12.48% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 22.19 million. However, since the stock’s price has seen 14.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
