Now Is A Suitable Moment For A Long-Term Purchase Of Velo3D Inc (NYSE: VLD)

Currently, there are 187.56M common shares owned by the public and among those 114.63M shares have been available to trade.

The company’s stock has a 5-day price change of 28.07% and 13.61% over the past three months. VLD shares are trading 39.21% year to date (YTD), with the 12-month market performance down to -74.49% lower. It has a 12-month low price of $0.19 and touched a high of $2.50 over the same period. VLD has an average intraday trading volume of 6.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 57.35%, 81.20%, and -52.28% respectively.

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Institutional ownership of Velo3D Inc (NYSE: VLD) shares accounts for 36.61% of the company’s 187.56M shares outstanding.

It has a market capitalization of $117.90M and a beta (3y monthly) value of 2.16. The earnings-per-share (ttm) stands at -$0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.86% over the week and 14.61% over the month.

Analysts forecast that Velo3D Inc (VLD) will achieve an EPS of -$0.08 for the current quarter, -$0.05 for the next quarter and -$0.31 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.08 a year ago.

Looking at the support for the VLD, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on August 17, 2022, with the firm’s price target at $5.40. BofA Securities coverage for the Velo3D Inc (VLD) stock in a research note released on March 04, 2022 offered a Underperform rating with a price target of $7.

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