In a filing, Velo3D Inc. revealed its Chief Executive Officer Buller Benyamin unloaded Company’s shares for reported $33135.0 on Aug 21. In the deal valued at $1.49 per share,22,238 shares were sold. As a result of this transaction, Buller Benyamin now holds 5,066,092 shares worth roughly $ 7.75 million.
Then, McCombe William D. sold 11,201 shares, generating $16,689 in total proceeds. Upon selling the shares at $1.49, the Chief Financial Officer now owns 169,998 shares.
Before that, Youssef Renette sold 7,892 shares. Velo3D Inc. shares valued at $11,759 were divested by the Chief Marketing Officer at a price of $1.49 per share. As a result of the transaction, Youssef Renette now holds 82,059 shares, worth roughly $0.13 million.
Credit Suisse initiated its Velo3D Inc. [VLD] rating to a Neutral in a research note published on Tuesday, August 17, 2022; the price target was $5.40. PT values the company’s stock at a premium of 71.67 to its Tuesday closing price.
Price Performance Review of VLD
On Tuesday, Velo3D Inc. [NYSE:VLD] saw its stock fall -3.16% to $1.53. On the same session, the stock had its day’s lowest price of $1.53, but rose to a high of $1.58. Over the last five days, the stock has lost -6.13%. Velo3D Inc. shares have fallen nearly -14.53% since the year began. Nevertheless, the stocks have fallen -64.91% over the past one year. While a 52-week high of $5.05 was reached on 02/16/23, a 52-week low of $1.34 was recorded on 08/16/23. SMA at 50 days reached $1.9122, while 200 days put it at $2.1397. A total of 0.72 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For VLD Stock
The 24-hour chart illustrates a support level at 1.5133, which if violated will result in even more drops to 1.4967. On the upside, there is a resistance level at 1.5633. A further resistance level may holdings at 1.5967. The Relative Strength Index (RSI) on the 14-day chart is 39.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0369, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.07%. Stochastics %K at 64.32% indicates the stock is a holding.
How much short interest is there in Velo3D Inc.?
A steep rise in short interest was recorded in Velo3D Inc. stocks on Aug 14, 2023, growing by 2.18 million shares to a total of 13.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.6 million shares. There was a rise of 15.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.3.
Velo3D Inc. [VLD] – Who Are The Largest Shareholders?
In filings from ARK Investment Management LLC, it is revealed that the company now owns 11,934,898 shares, or roughly 6.20% of the outstanding VLD shares. In other words, the investor’s shares have risen by 279,566 from its previous 13-F filing of 11655332.0. Additionally, The Vanguard Group, Inc. increased 2.62% of its stake after which the total value it holdings stand at $14,375,523. Over the last quarter, Nikko Asset Management Americas, sold -318,472 shares of Velo3D Inc., while BlackRock Fund Advisors sold 1,616,170 shares. At present, BAMCO, Inc. is holding 4,337,125 shares valued at $9.93 million. Wells Fargo Clearing Services LLC owned 1,487,104 shares of the company at the time of its most recent 13F filing, worth $3.41 million.
According to FactSet, Velo3D Inc.’s share price will average $1.85 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.09 percent from its previous closing price of $1.58. Analysts expect Velo3D Inc. stock to reach the higher price of $2.20, while the lowest price estimate is $1.50. However, 3 analysts have rated VLD stock as an Overweight in their predictions for 2023.