Stocks of Velo3D Inc (NYSE:VLD) traded higher last session on Wall Street, down -2.61% to $0.19.
VLD stock price is now -43.65% away from the 50-day moving average and -76.17% away from the 200-day moving average. The market capitalization of the company currently stands at $56.28M.
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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, Kreger Bradley Allen, Interim CEO sold 11,859 shares of the company’s stock on May 20 ’24. The stock was sold for $2,371 at an average price of $0.20. Upon completion of the transaction, the Interim CEO now directly owns 233,051 shares in the company, valued at $44279.69. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Interim CEO Kreger Bradley Allen sold 10,735 shares of the business’s stock. A total of $2,475 was realized by selling the stock at an average price of $0.23. This leaves the insider owning 213,464 shares of the company worth $40558.16. A total of 30.43% 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 1.06, a current ratio of 1.62, and a quick ratio of 0.58. The fifty day moving average price for VLD is $0.33438 and a two-hundred day moving average price translates $0.78884 for the stock.
The latest earnings results from Velo3D Inc (NYSE: VLD) was released for 2024-03-31. The net profit margin was -204.40% and return on equity was -149.42% for VLD. The company reported revenue of $9.79 million for the quarter, compared to $26.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -63.33 percent.
