Velo3D (NYSE:VLD) Raised to “Hold” at Zacks Investment Research

Velo3D (NYSE:VLDGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Velo3D is a metal 3D printing technology company. It provides end-to-end additive manufacturing solutions. The end-to-end solution includes the Flow(TM) print preparation software, the Sapphire(R)family of printers, and the Assure(TM) quality control system all of which are powered by Velo3D’s Intelligent Fusion(TM) manufacturing process. Velo3D is a metal 3D, formerly known as JAWS Spitfire Acquisition Corporation, is based in NEW YORK. “

VLD has been the topic of a number of other research reports. Bank of America lowered Velo3D from a “neutral” rating to an “underperform” rating and set a $7.00 target price on the stock. in a report on Friday, March 4th. Needham & Company LLC reduced their price objective on Velo3D from $15.00 to $6.00 in a research report on Wednesday, May 11th.

Shares of NYSE VLD opened at $2.66 on Friday. Velo3D has a 1-year low of $2.18 and a 1-year high of $13.18. The firm has a market capitalization of $488.27 million, a PE ratio of -0.65 and a beta of 2.70. The business’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $7.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.45 and a quick ratio of 5.26.

Velo3D (NYSE:VLDGet Rating) last announced its earnings results on Wednesday, March 2nd. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $10.41 million during the quarter, compared to analyst estimates of $8.68 million. Equities research analysts expect that Velo3D will post -0.42 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. bought a new position in Velo3D in the third quarter valued at $29,000. Citigroup Inc. purchased a new position in shares of Velo3D during the first quarter valued at approximately $53,000. Morgan Stanley purchased a new position in shares of Velo3D during the third quarter valued at approximately $61,000. Penserra Capital Management LLC bought a new stake in shares of Velo3D during the third quarter valued at approximately $79,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Velo3D during the 3rd quarter valued at $103,000. Hedge funds and other institutional investors own 56.38% of the company’s stock.

Velo3D Company Profile (Get Rating)

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.

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