Velo3D Inc’s recent filing unveils that its Director Buller Benyamin unloaded Company’s shares for reported $864.0 on Mar 28 ’24. In the deal valued at $0.43 per share,2,000 shares were sold. As a result of this transaction, Buller Benyamin now holds 5,020,706 shares worth roughly $2.26 million.
Then, Buller Benyamin sold 2,000 shares, generating $699 in total proceeds. Upon selling the shares at $0.35, the Director now owns 5,022,706 shares.
Before that, Buller Benyamin sold 2,000 shares. Velo3D Inc shares valued at $1,113 were divested by the Director at a price of $0.56 per share. As a result of the transaction, Buller Benyamin now holds 5,024,706 shares, worth roughly $2.26 million.
Credit Suisse initiated its Velo3D Inc [VLD] rating to a Neutral in a research note published on August 17, 2022; the price target was $5.40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early March from “a Neutral” to “an Underperform”. Needham began covering VLD with “Buy” recommendation on October 26, 2021. William Blair started covering the stock on October 25, 2021. It rated VLD as “an Outperform”.
Price Performance Review of VLD
On Monday, Velo3D Inc [NYSE:VLD] saw its stock fall -3.08% to $0.45. Over the last five days, the stock has lost -13.72%. Velo3D Inc shares have risen nearly 13.20% since the year began. Nevertheless, the stocks have fallen -77.49% over the past one year. While a 52-week high of $2.50 was reached on 04/04/24, a 52-week low of $0.19 was recorded on 02/07/24. SMA at 50 days reached $0.3508, while 200 days put it at $1.0898. A total of 4.27 million shares were traded, compared to the trading of 8.69 million shares in the previous session.
Levels Of Support And Resistance For VLD Stock
The 24-hour chart illustrates a support level at 0.4161, which if violated will result in even more drops to 0.3820. On the upside, there is a resistance level at 0.4891. A further resistance level may holdings at 0.5280. The Relative Strength Index (RSI) on the 14-day chart is 51.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0338, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.10%. Stochastics %K at 48.44% 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 Mar 15, 2024, growing by 10.05 million shares to a total of 32.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 22.19 million shares. There was a rise of 31.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.05.
