Velo3D (NYSE:VLD) Shares Gap Down to $3.13

Velo3D, Inc. (NYSE:VLDGet Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $3.13, but opened at $3.01. Velo3D shares last traded at $3.20, with a volume of 14,156 shares traded.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC dropped their price objective on shares of Velo3D from $15.00 to $6.00 in a research note on Wednesday, May 11th.

Velo3D Stock Performance

The firm has a market capitalization of $702.34 million, a P/E ratio of -0.93 and a beta of 5.26. The firm has a 50-day moving average price of $2.18 and a two-hundred day moving average price of $4.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.45 and a quick ratio of 3.69.

Velo3D (NYSE:VLDGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $12.22 million during the quarter, compared to analyst estimates of $15.28 million. On average, analysts forecast that Velo3D, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Trading of Velo3D

Several institutional investors and hedge funds have recently made changes to their positions in VLD. Deer Management Co. LLC bought a new stake in shares of Velo3D in the fourth quarter valued at about $295,720,000. ARK Investment Management LLC raised its holdings in shares of Velo3D by 46.1% in the first quarter. ARK Investment Management LLC now owns 9,193,285 shares of the company’s stock valued at $85,589,000 after acquiring an additional 2,900,855 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Velo3D in the second quarter valued at about $3,847,000. Nikko Asset Management Americas Inc. raised its holdings in shares of Velo3D by 67.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,275,292 shares of the company’s stock valued at $20,933,000 after acquiring an additional 917,849 shares in the last quarter. Finally, LA Financiere DE L Echiquier bought a new stake in shares of Velo3D in the fourth quarter valued at about $2,422,000. 56.38% of the stock is currently owned by institutional investors.

Velo3D Company Profile

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Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.

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