Velo3D (VLD:NYE), a metal additive manufacturing technology company, is set to release its fourth-quarter 2022 financial results after the market closes on March 2nd, 2023. Analysts predict that the company will announce earnings ($0.11) per share for the quarter.
Velo3D Stock Analysis:
Velo3D’s current market capitalization stands at $566.72 million, and Velo3D stock shares opened at $3.04 on the day of the announcement. The company’s price-to-earnings ratio is -13.68, and its beta is 3.16.
Velo3D’s quick ratio and current ratio are 2.28 and 3.40, respectively, while its debt-to-equity ratio is 0.04. Velo3D stock has a 50-day moving average of $2.31 and a 200-day moving average of $3.16. Over the past year, the stock has traded between $1.28 and $10.90.
Hedge Funds & Institutional Holdings:
A few hedge funds and institutional investors have recently added or reduced their stakes in Velo3D. Envestnet Asset Management, Inc. acquired a new position in the company in the first quarter of 2022, valued at around $120,000.
Meanwhile, Bank of New York Mellon Corp purchased a new stake in Velo3D worth $252,000 in the same period. Citigroup Inc. also invested $53,000 in Velo3D in Q1 2022.
Additionally, Vanguard Group Inc. raised its holdings in the company by 2.6% in the first quarter, now owning 3,485,691 shares worth $32,452,000.
Finally, Ergoteles LLC invested $438,000 in Velo3D in Q1 2022. As of writing, hedge funds and institutional investors own 66.75% of the Velo3D stock shares.
Velo3D Stock-Analyst Ratings:
Several equity analysts have also recently commented on Velo3D stock. Credit Suisse Group reduced its price target on Velo3D from $4.80 to $3.70 and rated the company “neutral” in a note published on November 9th, 2022.
Meanwhile, William Blair maintained an “outperform” rating on Velo3D in a research report on the same day.
Lastly, Needham & Company LLC downgraded the stock from $6.00 to $4.00 and rated it “buy” in a note published on November 9th, 2022.
Investors will be looking to see if Velo3D can meet analysts’ earnings expectations for the quarter, and how the company plans to continue to grow and expand its technology in the future.