Needham analyst James Ricchiuti reiterated a Buy rating on Velo3D (VLD – Research Report) today. The company’s shares closed yesterday at $3.57.
Ricchiuti covers the Technology sector, focusing on stocks such as Digimarc, II-VI, and Stratasys. According to TipRanks, Ricchiuti has an average return of 17.2% and a 59.60% success rate on recommended stocks.
Currently, the analyst consensus on Velo3D is a Moderate Buy with an average price target of $6.00.
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The company has a one-year high of $13.18 and a one-year low of $1.28. Currently, Velo3D has an average volume of 2.38M.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VLD in relation to earlier this year. Most recently, in May 2022, McCombe William D., the CFO of VLD bought 100,000.00 shares for a total of $18,000.00.
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Velo3D offers metal 3D printing (or additive manufacturing) technology services. Its 3D printers are used to manufacture the components for jet engines, space rockets, fuel delivery systems, and other high-value metal parts. Velo3D also provides support services for an incremental fee.
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