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Things To Consider Before Buying Velo3D Inc. (NYSE: VLD)

Velo3D Inc. (NYSE:VLD) shares, rose in value on Thursday, 05/25/23, with the stock price down by -2.35% to the previous day’s close as strong demand from buyers drove the stock to $1.66.

Actively observing the price movement in the last trading, the stock closed the session at $1.70, falling within a range of $1.64 and $1.73. The value of beta (5-year monthly) was 2.83 whereas the PE ratio was 13.28 over 12-month period. Referring to stock’s 52-week performance, its high was $5.95, and the low was $1.28. On the whole, VLD has fluctuated by -19.02% over the past month.

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With the market capitalization of Velo3D Inc. currently standing at about $325.14 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.05 for fiscal year -$0.27 and then to about -$0.08 by fiscal year 2024. Data indicates that the EPS growth is expected to be 34.10% in 2024, while the next year’s EPS growth is forecast to be 70.40%.

Analysts have estimated the company’s revenue for the quarter at $27.25 million, with a low estimate of $26.99 million and a high estimate of $27.77 million. According to the average forecast, sales growth in current quarter could jump up 38.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $121.64 million, representing an increase of 50.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VLD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.


The stock’s technical analysis shows that the PEG ratio is about 0.78, with the price of VLD currently trading nearly -14.19% and -20.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.67, while the 7-day volatility ratio is showing 7.50% which for the 30-day chart, stands at 7.28%. Furthermore, Velo3D Inc. (VLD)’s average true range (ATR) is 0.14.


Data on historical trading for Velo3D Inc. (NYSE:VLD) indicates that the trading volumes over the past 10 days have averaged 1.62 million and over the past 3 months, they’ve averaged 1.58 million. According to company’s latest data on outstanding shares, there are 189.61 million shares outstanding.

Nearly 0.60% of Velo3D Inc.’s shares belong to company insiders and institutional investors own 65.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.48 million shares as on Apr 27, 2023, resulting in a short ratio of 8.5. According to the data, the short interest in Velo3D Inc. (VLD) stood at 5.97% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 10.36 million. The stock has fallen by -7.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VLD stock heading into the next quarter.

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