In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Velo3D (VLD – Research Report). The company’s shares closed last Friday at $4.61.
Ricchiuti covers the Technology sector, focusing on stocks such as Coherent Corp, Faro Technologies, and Stratasys. According to TipRanks, Ricchiuti has an average return of 15.5% and a 56.76% success rate on recommended stocks.
Currently, the analyst consensus on Velo3D is a Moderate Buy with an average price target of $5.70.
See today’s best-performing stocks on TipRanks >>
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 2.15M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on VLD:
