Velodyne Lidar Inc. (NASDAQ:VLDR) price closed higher on Monday, September 13, jumping 0.15% above its previous close.
A look at the daily price movement shows that the last close reads $6.49, with intraday deals fluctuated between $6.325 and $6.71. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.81 and 52-week low of $6.12. The stock subtracted -16.02% on its value in the past month.
Velodyne Lidar Inc., which has a market valuation of $1.28 billion, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Analysts tracking VLDR have forecast the quarterly EPS to shrink by -0.14 per share this quarter, while the same analysts predict the annual EPS to hit -$0.59 for the year 2021 and up to -$0.42 for 2022. In this case, analysts estimate an annual EPS growth of -34.10% for the year and 28.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $20.37 million, with the likely lows of $17.1 million and highs of $25 million. The average estimate suggests sales growth for the quarter will likely fall by -36.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $78.37 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -17.80% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give VLDR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned VLDR a recommendation rating as follows: 4 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Velodyne Lidar Inc. (VLDR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that VLDR’s price is at present -4.24% off the SMA20 and -17.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.03, with weekly volatility standing at 5.64%. The indicator jumps to 5.98% when calculated based on the past 30 days. Velodyne Lidar Inc. (NASDAQ:VLDR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.41. Considering analysts have assigned the stock a price target range of $8.00-$30.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.43. Based on this estimate, we see that current price is roughly -23.08% off the estimated low and -361.54% off the forecast high. Investors will no doubt be excited to see the share price fall to $10.00, which is the median consensus price, and at that level VLDR would be -53.85% from current price.
An analysis of the Velodyne Lidar Inc. (NASDAQ:VLDR) stock in terms of its daily trading volume indicates that the 3-month average is 3.31 million.
Current records show that the company has 193.00M in outstanding shares. The insiders’ percentage holdings are 39.30% of outstanding shares while the percentage share held by institutions stands at 16.40%. But the -71.52% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.