Nikko Asset Management Americas, has recently announced that it has increased stake in Velo3D Inc (NYSE:VLD) by 21.68%. After grabbing 7.08 million shares, the institutional investor is now in possession of 1.26 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.32% having worth around $2.82 million. Moreover, The Vanguard Group, Inc. increased its share by 59619.0 to have a control over 6.34 million shares. And BlackRock Fund Advisors raised its holdings to 0.21 million shares by acquiring 5.13 million shares or 2.41% of the stake.
Velo3D Inc (VLD) concluded trading on Thursday at a closing price of $0.26, with 3.58 million shares of worth about $0.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -87.84% during that period and on Thursday, January 25 the price saw a loss of about -0.12%. Currently the company’s common shares owned by public are about 187.56M shares, out of which, 114.82M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 73 times over the past 12 months. They bought 1,070,782 shares in 57 of the transactions. In 16 selling transactions, insiders dumped 222,613 shares.
ARK Autonomous Technology & Robot, Vanguard Total Stock Market ETF, and ARK 3D Printing ETF are the top 3 mutual funds which are holding stakes in Velo3D Inc ARK Autonomous Technology & Robot is currently holding 7.76 million shares of worth totaling $3.09 million. The company recently came selling 21372.0 shares which brought its stake up to 3.64% of the company’s outstanding shares. ARK 3D Printing ETF, after buying 3.11 million shares, have now control over 1.46% of the stake in the company. It holds 0.0 shares of worth $1.24 million.
However, the stock later moved at a day high price of 0.2689, or with a loss of -0.12%. Stock saw a price change of -9.44% in past 5 days and over the past one month there was a price change of -54.94%. Year-to-date (YTD), VLD shares are showing a performance of -34.83% which decreased to -88.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.24 but also hit the highest price of $3.95 during that period. The average intraday trading volume for Velo3D Inc shares is 4.47 million. The stock is currently trading -25.91% below its 20-day simple moving average (SMA20), while that difference is down -61.22% for SMA50 and it goes to -82.80% lower than SMA200.
Nikko Asset Management Americas, acquired 7.08 million shares of Velo3D Inc having value of about $2.82 million. Data submitted at the U.S SEC by Nikko Asset Management Americas, revealed that the firm now holds 1.26 million shares in the company valued at close to $327831.66, or have control over 21.68% stake in the company. Velo3D Inc (NYSE: VLD) currently have 187.56M outstanding shares and institutions hold larger chunk of about 21.28% of that. Holding of mutual funds in the company is about 13.98% while other institutional holders and individual stake holders have control over 7.86% and 13.45% of the stake respectively.
The stock has a current market capitalization of $55.19M and its 3Y-monthly beta is at 2.03. It has posted earnings per share of -$0.29 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VLD, volatility over the week remained 8.80% while standing at 9.53% over the month.
Analysts are in expectations that Velo3D Inc (VLD) stock would likely to be making an EPS of $SPDR Gold Trust in the current quarter, while forecast for next quarter EPS is $187.14 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $Vodafone Group Plc which is $Prologis, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Velo3D, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -13.82% while it is estimated to increase by 42.14% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on August 17, 2022 offering a Neutral rating for the stock and assigned a target price of $5.40 to it.
