Velo3D (NYSE:VLD) Stock Price Down 5%

Velo3D, Inc. (NYSE:VLD)’s stock price dropped 5% during trading on Wednesday . The company traded as low as $0.26 and last traded at $0.27. Approximately 3,801,839 shares changed hands during trading, a decline of 46% from the average daily volume of 6,976,563 shares. The stock had previously closed at $0.29.

Velo3D Trading Down 5.0 %

The company has a quick ratio of 1.18, a current ratio of 2.43 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $0.36 and its 200 day moving average is $0.68. The firm has a market capitalization of $71.65 million, a price-to-earnings ratio of -0.40 and a beta of 2.12.

Velo3D (NYSE:VLD) last issued its quarterly earnings results on Tuesday, March 26th. The company reported ($0.32) earnings per share (EPS) for the quarter. Velo3D had a negative net margin of 173.20% and a negative return on equity of 128.11%. The business had revenue of $1.81 million during the quarter.

Institutional Investors Weigh In On Velo3D

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLD. Highbridge Capital Management LLC acquired a new stake in Velo3D in the 4th quarter valued at $1,661,000. BlackRock Inc. increased its stake in shares of Velo3D by 48.3% during the 2nd quarter. BlackRock Inc. now owns 5,512,025 shares of the company’s stock worth $11,906,000 after purchasing an additional 1,796,272 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of Velo3D by 12.5% during the 3rd quarter. ARK Investment Management LLC now owns 13,428,463 shares of the company’s stock worth $20,948,000 after purchasing an additional 1,493,565 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Velo3D by 21.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,075,990 shares of the company’s stock worth $11,039,000 after purchasing an additional 1,243,960 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Velo3D by 77.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,524,066 shares of the company’s stock worth $3,292,000 after purchasing an additional 664,267 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Velo3D Company Profile

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.