Velo3D (NYSE:VLD) Trading 16.3% Higher

Velo3D, Inc. (NYSE:VLDGet Rating) shares traded up 16.3% during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.86. 46,345 shares were traded during trading, a decline of 95% from the average session volume of 1,026,895 shares. The stock had previously closed at $2.46.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Credit Suisse Group lowered their target price on shares of Velo3D from $4.80 to $3.70 and set a “neutral” rating on the stock in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Velo3D in a research note on Wednesday. Finally, Needham & Company LLC lowered their target price on shares of Velo3D from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday.

Velo3D Stock Performance

The company has a current ratio of 4.16, a quick ratio of 3.00 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $3.92 and a 200 day moving average price of $3.24. The firm has a market cap of $543.78 million, a PE ratio of -13.36 and a beta of 3.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VLD. Harbor Group Inc. purchased a new position in shares of Velo3D during the 2nd quarter worth $25,000. Marcum Wealth LLC purchased a new position in shares of Velo3D during the 2nd quarter worth $32,000. American International Group Inc. purchased a new position in shares of Velo3D during the 2nd quarter worth $36,000. Western Wealth Management LLC purchased a new stake in Velo3D in the 2nd quarter valued at about $38,000. Finally, SG Americas Securities LLC purchased a new stake in Velo3D in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 62.00% of the company’s stock.

About Velo3D

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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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