Velo3D (NYSE:VLD) Sets New 1-Year Low at $3.50

Posted by on Jun 15th, 2024

Shares of Velo3D, Inc. (NYSE:VLD – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $3.50 and last traded at $3.98, with a volume of 53712 shares changing hands. The stock had previously closed at $4.35.

Velo3D Trading Down 14.1 %

The firm’s 50-day moving average is $7.76 and its two-hundred day moving average is $12.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.62 and a quick ratio of 0.58.

Velo3D (NYSE:VLD – Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($2.80) EPS for the quarter. Velo3D had a negative net margin of 208.75% and a negative return on equity of 160.98%. The business had revenue of $9.79 million during the quarter.

Institutional Trading of Velo3D

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IPG Investment Advisors LLC bought a new position in Velo3D during the fourth quarter valued at $60,000. Swiss National Bank grew its holdings in Velo3D by 12.3% during the 3rd quarter. Swiss National Bank now owns 211,600 shares of the company’s stock valued at $330,000 after purchasing an additional 23,100 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Velo3D during the 4th quarter valued at about $1,661,000. Finally, Vanguard Group Inc. grew its holdings in Velo3D by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 6,965,226 shares of the company’s stock valued at $3,173,000 after purchasing an additional 173,075 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Velo3D Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Velo3D Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Velo3D and related companies with MarketBeat.com's FREE daily email newsletter.